LSU of Alexandria has a significant impact on the economic region around Alexandria.
A recent study conducted by LSU shows that the state’s flagship university system has an impressive economic impact on the entire state of Louisiana at both a state and regional level.
In the Alexandria Metropolitan Statistical Area (MSA), which consists of Grant and Rapides Parish, LSU of Alexandria contributes mightily in both jobs and dollars spent. According to the findings, LSUA employs approximately 290 full-time workers and generates about $52.7 million in sales, $17.6 million in earnings and about 640 jobs within the MSA. These impacts were generated by measuring the impact of the university spending and student spending associated with LSU of Alexandria.
LSU of Alexandria provides a wide array of benefits to the local community. In addition to being a leading contributor to the local workforce, LSUA also plays a vital role in educating future community leaders that create an incentive for businesses to relocate to central Louisiana and for the creation of new businesses by LSUA graduates.
“This study delineates how LSUA contributes significantly to the economy through direct and indirect campus-based faculty and staff jobs. Additionally, LSUA provides a pipeline of qualified new employees that continuously enter the Central Louisiana regional economy through new graduates entering the workforce, starting businesses and paying taxes,” says Dr. Paul Coreil, LSUA interim chancellor.
Across the state, during the 2013 fiscal year, LSU supported nearly $3.9 billion in Louisiana sales, $1.5 billion in new statewide earnings and an estimated 36,757 direct and indirect annualized jobs. For every operating and capital dollar provided by the state, LSU provided a return of $5.08 of economic activity.
The study conducted by the LSU Division of Economic Development at the E.J. Ourso College of Business marks the first time that the impact of all nine LSU campuses – LSU, the LSU AgCenter, the Paul M. Hebert Law Center, Pennington Biomedical Research Center, LSU Alexandria, LSU Eunice, LSU Shreveport and the LSU Health Sciences Centers in Shreveport and New Orleans-has been studied and detailed at both the state level and on a regional basis.