AUBURN, Ala. (EETV) - Auburn University and its alumni contribute $5.6 billion to Alabama's economy annually, according to a study conducted by Economic Research Services Inc. in Montgomery and Auburn’s Division of University Outreach.
The contribution is a 4 percent increase from a 2017 study conducted by University Outreach and includes the creation of nearly 27,000 jobs in addition to university employment.
“Auburn is a critical economic engine that benefits all Alabamians,” Interim President Jay Gogue said. “We are establishing partnerships that provide students with learning experiences, while companies, organizations and communities benefit from Auburn’s renowned research and outreach.”
Auburn’s longtime support for established and emerging industries, Extension presence across the state, research enterprise, outreach and faculty engagement are noted by the study as major assets for communities in Alabama.
Researchers based the study on statistical and financial data from Auburn’s main campus from 2018-2019, Auburn University at Montgomery, the Alabama Agricultural Experiment Station and the Alabama Cooperative Extension System.
“This study confirms again what Alabamians already know about Auburn, that the university greatly contributes to the quality of life in Alabama,” said Royrickers Cook, vice president for University Outreach. “The university supports both emerging and traditional industries and provides services for the well-being of our citizens.”