ONE OF THE LARGEST EMPLOYERS IN THE STATE
From drawing in research dollars to the state to fostering entrepreneurship and technological innovations, Tulane raises the profile of the city.
The university measures its economic impact every few years, Courtney said, noting the last report was compiled in 2012.
“What we wanted to do differently this time was to have a deeper dive into our current economic and social impact on the city, state and region and use that as the jumping off point for the plans we have for the future, and how that fits into the future of the city and the state,” she said.
ESI verified Tulane’s data and supplemented it with public data sources, in some cases averaging data over multiple years “to generate an appropriate assessment of typical annual activity,” according to ESI.
Tulane’s operations “support the university’s continuing mission of cultivating the next generation of leaders through scholarship, research and service,” the report’s authors wrote. By employing more than 7,000 people at its various facilities and hospitals, the university is one of the largest employers in the state. Tulane also engages hundreds of local and regional vendors; these operations overall are responsible for more than $2 billion in total output statewide.
When Tulane flourishes, the city and state are strengthened.
Tulane’s operating budget includes building upkeep, student services, hospital expenditures, the university endowment and more, which directly or indirectly affect a variety of industries such as health care, administrative services and real estate.