ECONOMIC IMPACT ON METROPOLITAN CLEVELAND

The economic impact of John Carroll University on the Cleveland Metropolitan Area* in FY 2006 was $115.8 million, according to a recent study conducted by Cleveland State University’s Center for Economic Development. The study examined the total output impact** of expenditures by the university, its students, and visitors. It also assessed the university’s impact on employment and household earnings within the regional economy.

The $115.8 million in total spending generated by John Carroll University and its students and visitors (including multiplier effects) represents the combined output impact of expenditures made by the university ($94.3 million), students ($19.8 million), and visitors ($1.7 million).