Tuesday, Jan. 12, 2012
COLUMBIA, S.C. (AP) -- The University of South Carolina says the school and its graduates have an annual economic impact of $4 billion on the state.
The school on Thursday released a study of its own economic impact.
The study conducted by economists at the Darla Moore School of Business looked at the wages earned by working alumni of the university and estimated the economic impact of nontax dollars that the university spends.
Researchers say the $4 billion represents the total dollar value of all goods and services associated with the school. The university says the school and its graduates account for about 1 in every 37 jobs in South Carolina.
The university employs 14,000 people at its eight campuses and has about 155,000 alumni living in South Carolina.
(Copyright 2012, The Associated Press)