Regional Economic Impact
Each UMass campus has a tangible and intangible impact on its host region, through economic development, hiring, student and employee spending, and service and engagement activities, UMass is a key thread in the cultural and economic fabric of Massachusetts. As the second-largest employer in the state and the top educator of Massachusetts residents, UMass has a direct connection to one in ten Massachusetts households and has an annual economic impact on Massachusetts is more than $6 billion every year.
The UMass Innovation Institute was created to ensure that knowledge and technology developed at UMass Amherst rapidly and broadly move from campus labs into mainstream society. Being responsive, agile, flexible and timely in dealing with sponsors, collaborators, faculty and external stakeholders have enabled UMass Amherst to expand the impact of its research and contribute $2.069 billion to the economy in 2015.
With a focus on urban and global engagement, UMass Boston partners with local institutions, business leaders and local, state and federal governments to strengthen contributions to state, national and global cultural and economic development. The total economic impact UMass Boston created in 2015 was $1.085 billion.
Through the SouthCoast Development Partnership, UMass Dartmouth is helping to shape the blue economy across the region. The partnership’s focus is on expanding the commuter rail to the Suncoast, developing the waterfront in New Bedford and Fall River, developing renewable energy and performing economic cluster analysis. In 2015, UMass Dartmouth created a total economic impact of $466.1 million.
Research activity by faculty and students is one of the major drivers of economic impact at UMass Lowell. As research expenditures continue to grow through a mix of grants, private funding and university investment, the campus has developed a variety of partnerships that exchange knowledge and resources between the university and public, private and non-profit sectors. These community-engaged activities include teaching, learning, service and research, resulting in a total economic impact of $921.9 million for 2015.
UMass Medical School
From providing flu shots to seniors and schoolchildren to promoting participation in the 2017 Greater Worcester Community Health Improvement Plan, the mission of UMass Medical School is to engage with the Greater Worcester and Central Massachusetts communities. The total economic impact of this engagement for 2015 was $1.584 billion.