Study finds UMD contributed $581 million to region's economy in 2019, 2020

Thursday, March 31, 2022

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DULUTH — The University of Minnesota Duluth contributed nearly $582 million to the Northland's economy in 2019 and 2020, according to a new study by the Labovitz School's Bureau of Business and Economic Research.

The report compiled school operation data from UMD's finance department, information about student impact from One Stop Student Services, and visitor information from a Wilder Research study. Monica Haynes, director of the BBER, said the study found that the impact on Northeastern Minnesota and Douglas County, Wisconsin, had slightly increased compared to 2015 data, despite the effects of the COVID-19 pandemic.

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Category: Investors