© 2022 WOSU Public Media
Play Live Radio
Next Up:
0:00
0:00
Available On Air Stations

New report highlights Ohio State's regional economic impact

Ohio State University's William Oxley Thompson Library.
Ohio State University
/

Ohio State University is estimated to have supported more than $19 billion dollars worth of industry output in Ohio.

That and other findings were included in a new report examining the school's spending and regional economic impact.

The Economic Impact of The Ohio State University report parses overall university spending totals for fiscal year 2019.

OSU is also estimated to have supported over 116,000 jobs in the state, $7.5 billion in labor income, and more than $663 million in state and local tax revenue.

Ohio State's campuses and the Wexner Medical Center were by far the largest economic drivers, each supporting over $9 billion of industry output in the state.

Fiscal year 2019 was chosen for the study because it was the most recent year with data available not impacted by the pandemic.

OSU President Kristina Johnson said the report will be used as a benchmark for measuring the university's future success.

To read the full report, click here.

Matthew Rand is a reporter for 89.7 NPR News. Rand served as an interim producer during the pandemic for WOSU’s All Sides with Ann Fisher.