The University of Washington recently released an economic impact report, which measured the economic, employment and government revenue impacts of operations and research at the Seattle, Tacoma and Bothell campuses.
The report shows that overall the University of Washington makes tremendous contribution to the state’s economy, over $9 billion.
Specifically, UW-Bothell’s economic impact to the state’s economy is $191 million, which includes a direct impact of $83 million and indirect impact of $108 million though expenditures, government revenues, the employment of faculty and staff and personal incomes of residents.
For the city of Bothell, UW-Bothell delivers a total of $103 million in economic impacts, including $60 million of direct and $42 million in indirect contributions.
Notably, 12 percent of UW-Bothell students come from Bothell. Additionally, several of its alumni also own, operate and work for businesses in Bothell including Apex Wine Cellars, the Greater Bothell Chamber of Commerce and the city of Bothell.
Says UW President Mark Emmert, “By educating smart people and generating great ideas, the UW will play a crucial role in helping Washington state recover and build a global economy in the post-Great Recession era.”