Çà¹ÏÊÓÆµ

New study reveals Çà¹ÏÊÓÆµ has economic impact over $3 million in Somerset; almost $300 million in Kentucky

By Joan C. McKinney | 12/17/2021

By Joan C. McKinney, director, Office of University Communications

SOMERSET, Ky. - Çà¹ÏÊÓÆµ has a total economic impact from its operations of over $3 million in Somerset for the 2020-21 academic year, according to a new study recently completed by Younger Associates of Jackson, Tenn.

The exact amount, $3,612,136, is a measure of the total dollar value that flows through the Somerset-Pulaski County economy due to operations of Çà¹ÏÊÓÆµ.

In the Commonwealth of Kentucky, Çà¹ÏÊÓÆµ's total sum of operations has an economic impact of almost $300 million. The exact amount is $295,607,604.

The Larry and Beverly Noe Education Center in Somerset supports 40 jobs with $135,455 paid in state and local taxes.

The study shows Çà¹ÏÊÓÆµ's Noe Education Center contributes annual wages of $1,578,722 through the 40 jobs supported by the Noe Education Center.

Younger Associates has completed hundreds of economic impact studies across the United States for the past 30 years. The firm's methodology is recognized by, and utilized in, courses at the Economic Development Institute of the International Economic Development Council.

The purpose of the study is to quantify the economic impact of Çà¹ÏÊÓÆµ on the local economy. It looks at the impact generated by all operations of Campbellsville University in the 2020-21 academic year.

The impact comes from CU's ongoing operations, related activities and investments in capital improvement projects and generated by student and visitor spending in the local economy.

Çà¹ÏÊÓÆµ is a widely acclaimed Kentucky-based Christian university with more than 12,000 students offering over 100 programs of study including Ph.D., master, baccalaureate, associate, pre-professional and certification programs. The website for complete information is www.campbellsville.edu.