Samford’s Annual Economic Impact $424.8 Million, Study Says
By Samford University
Samford University’s estimated annual economic impact on the state of Alabama is more than $424.8 million, according to a study released Wednesday.
The independent study was conducted by Samuel Addy and Ahmad Ijaz with the Center for Business and Economic Research at the University of Alabama.
For 2016-17, the most recent year for which complete data was available, Samford’s economic and fiscal impact was $424.8 million, 2,424 jobs and $16.1 million in state and local income and sales taxes.Betsy Bugg Holloway, Samford’s vice president for marketing and communication, said the report affirms the ways the university contributes to economic development through teaching, research and service.
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