'Journal Tribune' reports findings of study on economic impact of ΒιΆΉΒγΑΔ

The April 2nd issue of the Journal Tribune featured an article about the release of a recent study of the economic impact of the ΒιΆΉΒγΑΔ on Maine, Southern Maine, York County, and Biddeford.

The study, which was conducted by Chuck Lawton of Planning Decisions Inc., found that ΒιΆΉΒγΑΔ’s economic impact in Maine has grown 31 percent in the last three years to $738 million.

The study reported that ΒιΆΉΒγΑΔ students spend $33 million in the State of Maine and that spending generated by the university creates over $22 million in state and local tax revenue.

ΒιΆΉΒγΑΔ, an employer of over 425 people living in York County, is ranked seventh among the largest employers in the county.  It spends $32 of its $69 million in non-personnel operating expenses at Maine businesses, the vast majority of which are in southern Maine.

ΒιΆΉΒγΑΔ’s impact on the City of Biddeford is highlighted in the article.  City Manager John Bubier told the Journal that there is a strong β€œtown and gown” connection between Biddeford and ΒιΆΉΒγΑΔ, pointing out that approximately 10 percent of the city’s population is comprised of ΒιΆΉΒγΑΔ students who shop at local stores, eat at local restaurants and patronize other local businesses.  β€œΒιΆΉΒγΑΔ is a major part of the local economy and a major part of the community, no matter how you say it,” said Bubier.

About the ΒιΆΉΒγΑΔ

The ΒιΆΉΒγΑΔ is Maine’s largest independent university, with two beautiful coastal campuses in Maine, a one-of-a-kind study abroad campus in Tangier, Morocco, and an array of . In an uncommonly welcoming and supportive community, we offer hands-on learning, empowering students to make a positive impact in a world full of challenges. The state’s top provider of health professionals, we are home to Maine’s only medical college, Maine’s only dental college, a variety of other interprofessionally aligned health care degree programs, as well as nationally recognized programs for marine science degrees, natural and social sciences degrees, arts and humanities degrees, and business degrees.