2011 economic impact study

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2011 ECONOMIC & COMMUNITY IMPACT REPORT

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Saint Joseph's examines the impact it has on the local economy.

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Page 1: 2011 Economic Impact Study

2011

ECONOMIC &COMMUNITY

IMPACTREPORT

Page 2: 2011 Economic Impact Study
Page 3: 2011 Economic Impact Study

Saint Joseph’s University is one of the premier Catholic comprehensive

universities in the Northeast. SJU is an integral part of the Philadelphia

metropolitan area’s powerful higher education industry and non-profit

sector. Providing a quality education to over 8,800 students, the University

offers an array of bachelor’s and graduate degrees, including over 75

undergraduate majors, over 45 graduate programs and an Ed.D. in

Educational Leadership, as well as 10 special-study programs and 23 study

abroad programs. Spanning both Philadelphia and Montgomery counties,

SJU’s campus has increased significantly in size to 103-acres with the

recent acquisition of neighboring Episcopal Academy. The additional 38 acres

include multiple classroom buildings and an enhanced presence in Lower

Merion Township. With an annual operating budget of over $179

million, and over 10,000 people living, learning and working at SJU, the

University is clearly a significant economic engine for the Philadelphia

5-county region and the state.

Page 4: 2011 Economic Impact Study
Page 5: 2011 Economic Impact Study

Annual Regional Economic Benefit

$534 MillionAs part of Philadelphia’s powerful higher education

industry, SJU plays a key economic role by providing

higher education to both local students and students

from outside the area. By doing so, SJU advances the

productivity of and employment opportunities for area

students, thereby increasing the quality of the region’s

labor force. This makes the region more attractive to

companies, and strengthens the region’s economy. SJU

provides significant educational opportunities for

students residing in the region. Also, since many of the

SJU students come from outside the region, the

University is considered a regional “exporter,” bringing

dollars into the local economy and helping to market,

or “brand,” Philadelphia to the outside world. Currently,

SJU’s students represent more than 40 states, 28 countries

and four continents.

$24 MillionLocal Tax Revenue

$180 Million2011 Operating Budget

2150Number of Local Employees

Page 6: 2011 Economic Impact Study
Page 7: 2011 Economic Impact Study

$66 MillionStudent Ancillary Spending

$8 MillionVisitor Ancillary Spending

4200Average Attendance for Men’s

Basketball Home Games

Ancillary SpendingAncillary spending is spending associated with

University students, visitors, and faculty at venues

unaffiliated with Saint Joseph’s University. Such venues

include local off‐campus lodging, nearby restaurants,

nightclubs, retail, and grocery stores. This also includes

hotel expenditures by visiting families and University

guests. Ancillary spending by students, visitors and

faculty promotes economic growth, as additional

money circulates throughout the region.

Spending by SJU students is the largest component of

ancillary spending. Students provide a significant source

of revenue to local retailers, as they make regular

purchases in the community. In addition to student

ancillary expenditures, spending by visitors also

contributes to the regional and state economies. Local

and out‐of‐town visitors coming to the University for

events purchase items from nearby retailers, eat at local

restaurants, and stay at local hotel facilities.

Page 8: 2011 Economic Impact Study
Page 9: 2011 Economic Impact Study

$229 MillionSpent on construction in the

last 5 years

$4 MillionLocal Tax Revenue from

Past Construction

3900Number of Jobs Created for

Past Construction

Recent SJU Construction

Construction activity contributes to regional

economic output, wages, and employment, while also

enhancing the University through infrastructure

improvements. For the FY2006‐10 period, SJU’s direct

construction activity of approximately $229 million is

estimated to have generated a one‐time impact

totaling nearly $480.5 million in the region, including

nearly 3,900 total jobs. Construction activities led to

over $4 million in local tax revenue over the 5‐year

period. Future planned capital construction has the

potential to generate nearly $193 million throughout

the region, including nearly 1,600 total jobs.

Recently Completed Construction Projects:Michael J. Hagan ’85 Arena

Jack Ramsay ’49 Basketball Center

Hawks’ Landing Parking Garage and Retail Facility

Rashford and Borgia Residence Halls

Recently Completed Renovation Projects:The Perch

Science Center

Campion Student Center

Maguire Campus, including

Quinn Hall

Dupperault Hall

Campus Commons

Nicoletti Music Studios

Merion Hall

O’Pake Recreation Center

Page 10: 2011 Economic Impact Study

Villiger Residence Hall

Maguire Campus Athletic Fields John ’60 and Maryanne Hennings Post Learning Commons

Page 11: 2011 Economic Impact Study

Future SJU Construction

103Total acreage of

Saint Joseph’s University

$92 MillionPlanned Construction for the

next 5 years

1600Jobs to be Generated by Future

Construction Projects

SJU has currently identified $92 million of planned

construction projects for the next five‐year period.

These include the construction of the new John ’60

and Maryanne Hennings Post Learning Commons and

the renovation of the Drexel Library. The construction

is expected to double the existing study facilities for

students, adding 120 computer work stations,

24 collaborative study rooms, a special collections

area and a new café. Also planned is a new first-year

student residence hall to house 400 students. Capital

projects will also include landscaping, storm water

management and enhancements to the athletic fields

on the Maguire Campus, as well as a new SJU

community neighborhood lighting project.

Future and Current Construction:John ’60 and Maryanne Hennings Post

Learning Commons

Francis A. Drexel Library Renovation

First-Year Residence Hall

Maguire Campus Athletic Fields

Page 12: 2011 Economic Impact Study

Hawk2Hawk Networking Reception

Page 13: 2011 Economic Impact Study

28,500Number of Working Regional Alumni

470Number of SJU Alumni that

are Presidents, CEOs or Principals

80%Acceptance Rate of SJU Alumni into

Medical / Law School

Finance and Insurance: 17%

Real Estate and Rentaland Leasing: 15%

Educational Services: 10%

Retail Trade: 7%

Manufacturing: 7%

Professional, Scientific andTechnical Services: 6%

Management of Companies and Enterprises: 6%

Accommodation and Food Services: 6%

Health Care and Social Assistance: 5%

Transportation and Warehousing: 4%

All Other Industries: 17%

The wide distribution of career/industries

reflects the diversity of educational

experience at SJU. University graduates

play an important role in many different

sectors of the economy but are particularly

influential in the areas of business and

professional services, education, health

care, manufacturing and commerce

These are sectors that are particularly

important to the economic growth of

the Philadelphia region.

SJU’s alumni play important roles in all facets of the region’s economy. The University’s output—its educated and skilled graduates and an important research agenda — is precisely the key input to the region’s future economic competitiveness. SJU’s graduates increase the region’s knowledge base andthe skill levels and productivity of its workforce. In addition, SJU’s graduates, play important businessand civic leadership roles throughout the region.

In addition to the wage premium they receive, SJUgraduates also contribute to the regional economy andlocal workforce by increasing productivity, enhancingthe overall competitiveness of the region, and oftencontinuing the research efforts of the University. SJUgraduates in the workforce are estimated to provideapproximately $457 million in additional productivity“value” to the region, of which we estimate 10%, or$45.7 million, may be attributed to their SJU education.

SJU Alumni Regional Impact

Industry Distribution of SJU Alumni

Page 14: 2011 Economic Impact Study

Philabundance Community Food Center

Back on My Feet

Neighborhood Clean Up

Page 15: 2011 Economic Impact Study

Educational Partnerships:Samuel Gompers Elementary School

Beeber Dimner Middle School

Mastery Charter School/Mann Elementary School

Overbrook High School

Our Mother of Sorrows

Our Lady of Lourdes

St. Martin de Porres

Gésu School

DePaul Catholic School

Olivet Baptist Church

Lamberton Elementary School

Norris Square Neighborhood Project

Community Partnerships:Project Home

Simpson House

Inglis House

ARC of Philadelphia

Back on My Feet

Hand in Hand

Lankenau Hospital

Caring People Alliance

Special Olympics

WePAC (West Philadelphia Alliance for Children)

Pick Brown Foundation

National Community Day

Annual Martin Luther King Day Celebration

Athletics Community Day

Thanksgiving Dinner Basket Drive

Thanksgiving Dinner Dance

VITA

Community Food Bank of Philadelphia

2371Number of Students

That Volunteer Annually

67,220Approximate Number of Annual Service Hours

300Boxes of Presents Collected forLocal Families during Holidays

The University has established itself as a responsible

and invested civic partner and continues to work

closely with community leaders and organizations in

the surrounding neighborhoods, including Overbrook

and Wynnefield within the City of Philadelphia

and Lower Merion and Bala Cynwyd within

Montgomery County.

Some examples of Saint Joseph’s University civic

involvement include:

Hand in HandA student lead organization that hosts an annual

festival open to the entire Saint Joseph’s University

community, high school students and individuals with

special needs within Philadelphia and the surrounding

area. The festival is the largest event held by a student

group with nearly 3000 participants each year.

National Community DayFounded in 2008 by the SJU National Alumni Board,

this day of service is an opportunity for SJU alumni to

come together and serve their communities. In 2010,

over 500 alumni participated at over 30 sites in 15 cities.

Community Impact

Page 16: 2011 Economic Impact Study

National Community Day

Page 17: 2011 Economic Impact Study

Anti-Violence Awareness WeekSponsored by the Institute for Violence Research and

Prevention (IVRP), which was created in 2001 to

facilitate an interdisciplinary approach to the study of

violence in order to improve intervention and

prevention efforts and to foster partnerships with

other regional institutions, community groups and

non‐profit organizations. The annual event includes a

Candlelight Vigil to memorialize homicide victims in

the City of Philadelphia.

Back on My FeetSJU students join members of the Philadelphia

homeless population in this program that promotes

the self‐sufficiency of participants by engaging them in

running as a means to build confidence, strength

and self‐esteem.

Volunteer Income Tax Assistance (VITA)A program offering free tax help for low to moderate

income individuals who cannot afford professional

assistance. SJU’s program was founded in 1993. In

partnership with the IRS and under the direction of

accounting faculty, student volunteers assist

community residents with the preparation and filing

of federal and state income tax returns. Students in

the program have helped file more than 4,000 federal

and state income tax returns.

4000+Federal and State Income Tax

Returns Prepared by Students in VITA Program

19,600SJU Alumni Located in the

Philadelphia Metropolitan Area

200Number of Thanksgiving Baskets Collected Annually

IVRP Vigil

Toys for Tots

Page 18: 2011 Economic Impact Study

National Community Day

Page 19: 2011 Economic Impact Study

465Number of Students

That Traveled to Appalachia for Service

2000Participants in Annual LegsAgainst Arms 5K Run/Walk

4500+Number of Community Memberswho use SJU Facilities Annually

In addition to its tradition of civic involvement and

service, the University sponsors a variety of

extracurricular activities, ranging from performing arts

to sports, that enrich the lives of its students and

alumni as well as the surrounding community, including:

Cap and Bells – SJU’s Dramatic Arts Society has per-formed over 150 productions ranging from Shakespeare

to Moliére and modern drama to contemporary musical

theatre in its 80‐year history.

Men’s and Women’s Basketball Games – The spiritof SJU Basketball radiates throughout the community.

Community members and neighborhood schools

are offered free admission to various games, offering

an opportunity to come together to support the

Hawks in the newly renovated Hagan Arena.

Use of Track and Athletic Facilities – The athleticfacilities at SJU provide venues for students and

community members to engage in healthy forms

of exercise.

Concerts – Saint Joseph’s University sponsors concerts open to the community each year. Performing

arts groups include City Belles, 54th and City, Jazz

Band, Voices of Praise and more.

Art Exhibitions – The University Gallery educates and serves the University's students, faculty and staff,

as well as the community, hosting seven shows from

September through May that highlight local

professional artists and students.

Merion Train Station Cleanup

Thanksgiving Basket Drive

Page 20: 2011 Economic Impact Study