The University of Washington’s annual economic impact on the state of Washington is now $12.5 billion — up from $9.1 billion just five years ago
UW annual impact on the state economy
$12.5 billion in total economic impact generated by the UW in the state of Washington.
$565.7 million in tax revenue to state and local governments, including sales, property and business tax payments.
More than 15,000 degrees conferred in 2013–2014. 74% of alumni stay in the state of Washington.
Through donations and volunteerism combined, UW employees and students contributed more than $149 million to local charitable organizations in 2013–2014.
In 2013–2014, UW Medicine provided more than $276 million in charitable care to residents in the state of Washington.
The UW is the third-largest non-federal employer in the state of Washington. The UW supports 79,331 jobs across the state, including 45,330 related to UW Medicine.
As our state’s flagship university, the University of Washington has propelled the ideas and ideals of our region’s people for 153 years. As a result, our region has become a world-class hub of innovation, research, culture and creativity, fueled by UW students, faculty, staff, alumni and strategic partners locally and worldwide. Together, our community works to solve virtually every major challenge in society, from autism to Ebola, from aerodynamics to the education achievement gap.
In May 2014, Tripp Umbach, a national leader in economic impact analysis, was retained by the UW to update its 2010 analysis of the economic, employment and government revenue impacts of operations and research of all of its campuses. The report reveals in dollars and cents just how boundless our impact is on our great state: $12.5 billion annually and growing.
UW economic impact study overview
- Study period: Fiscal Year 2013–2014 (FY 14)
- This study includes: the UW Seattle, UW Bothell and UW Tacoma
- Study geography: State of Washington, Puget Sound Region, including Seattle, Bothell and Tacoma
- Methodology: IMPLAN
The overall economic and fiscal impact that the University of Washington has on the vitality of the region and state includes the following elements:
- Business volume impacts (analysis includes collection of information regarding capital expenditures, operational expenditures, salary data and state and regional business volumes)
- The direct and indirect employment impacts of the University
- The government revenue impact of the UW at the local and state levels
- Additional impacts to the statewide economy, including commercialization, charitable giving, volunteerism, philanthropy, alumni and athletics