The Numbers

 

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■ More than 4,500 non-JMU jobs in the local area were the result of university-related spending; the total employment related to JMU was 8,200.

■ Roughly 13 percent of all local employment, including JMU employment, resulted from university-related spending.

■ More than $448 million were spent locally by the university, students, employees and student visitors.

■ More than $62 million were spent in “indirect effects” — payments to local businesses that were re-spent with other local businesses.

■ More than $67 million was spent in “induced effects” — payroll received by employees working for local businesses that were re-spent to support their households.

■ More than $66 million (71 percent of the FY 2009 total) were spent with local firms for capital planning and construction.

■ Almost $16 million in health-insurance premiums paid by the university for its employees was returned in payments to local health-care providers.

■ Almost $11 million in retiree benefits from the Virginia
Retirement System and non-VRS retirements plans were paid to JMU retirees.

■ University-related spending generated a tax effect of $10.5 million in revenue to local governments and $22.7 million to the state.

■ More than $62 million were spent with local small- , women and
minority-owned businesses.

■ More than $15 million were spent by student visitors.

■ Students using their JMU Flex Card electronic debit accounts spent more than $1.2 million off campus and in the local community.


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Research compiled by JMU's Office of Institutional Research, with consultation and technical support from the Virginia Employment Commission. This investigation was based on fiscal year 2009 spending for JMU operations and campital projects, summer 2008 through spring 2009 student spending and calendar year 2009 compensation to employees.