ERAU’s Economic Impact Surpasses $2.3 Billion in 佛罗里达 and 亚利桑那州

One of our founding 董事会 members at Team Volusia, Embry-Riddle Aeronautical University has been named as one of the Top Contributors to economic activity in Volusia County.

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A recent report from The Washington Economics Group 已任命 Embry-Riddle Aeronautical University (ERAU) a “Top Contributor” to economic activity in Volusia County, 佛罗里达, and Yavapai County, 亚利桑那州. 整体, ERAU contributions to local economies from its approximately 125 Embry-Riddle Worldwide campuses have surpassed $2.3 billion for the fiscal year 2019–up 44 percent since 2016, with the university also supporting 17,929 high-paying jobs.

Across 佛罗里达, ERAU’s total economic impact so far in 2020 was more than $1.98 billion statewide, up from $1.37 billion in 2016, according to the WEG report. The university is also currently supporting nearly 14,850 jobs throughout 佛罗里达, an increase from 11,546 in 2016. A major contributor to the impact in 佛罗里达 was ERAU’s Research Park, which opened on the Daytona Beach Campus in 2017 and has generated more than $90 million in economic impact in 佛罗里达 and directly or indirectly created 500 high-wage jobs.

“As we pursue our mission to educate students and prepare future leaders and innovators, we are also making significant contributions to the standard of living in the two states that we serve,” said Embry-Riddle’s president, P. 巴里·巴特勒. “At our Research Park and across all of our campuses, we are promoting new technologies to advance human welfare and enhance workforce capacity in aviation, 航空航天, and STEM-related fields.”

In 亚利桑那州 where ERAU’s Prescott campus is located, the university’s total economic impact so far in 2020 has reached $392 million—an increase of 41 percent since 2016—and supported 3,000 permanent jobs for state residents. In Yavapai County specifically, where ERAU’s Prescott Campus is located, the university serves as a major and essential economic driver to the community, 支持2,853 jobs and $318 million in total economic impacts.

The importance of the ERAU Research Park in 佛罗里达 was emphasized by Keith Norden, president & CEO, Team Volusia Economic Development Corporation. “The documented success of Embry-Riddle’s Research Park demonstrates the power of business and community partnerships. Embry-Riddle has effectively worked with a wide array of collaborators to recruit new businesses to Volusia County and to advance entrepreneurship. We have been pleased to partner with Embry-Riddle to achieve lasting strategic economic progress that serves our community well,诺顿说.

Butler added that “Embry-Riddle’s Research Park is the vision of our 董事会 of Trustees coming to life. That vision extends beyond our university and is truly about changing and diversifying the economy of our community. I want to extend a special thank you to our 董事会 Chairman, Mori Hosseini. His vision for Embry-Riddle and our community will pave the way for future high-paying jobs and economic prosperity and also help prevent the `brain drain’ that is happening in other regions when graduates of various institutions cannot find jobs where they went to school,他说.

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http://www.flyingmag.com/story/training/erau-economic-impact-florida-arizona/