A recent economic impact study compiled by the Metropolitan Milwaukee Association of Commerce (MMAC) found that Concordia University Wisconsin is a major contributor to the Milwaukee metro area’s economy. The metro area is made up of four counties – Milwaukee, Ozaukee, Washington, and Waukesha, with Concordia being located in Ozaukee County.
The March report indicates the gross dollar impact of the University to the region totals $205.7 million ($174.6 million net impact), with more than 1,100 jobs supported, generating $76.6 million in annual payroll. It also shows that the state and local taxes on worker earnings total $7.2 million per year.
According to the University, 75 percent of its student population comes from outside Milwaukee’s metro area. This has a direct impact to the region in the form of more than 800 jobs, with those earnings reaching nearly $60 million. The discretionary spending of out-of-metro students over the course of an academic year totals nearly $20 million.
“We are dedicated to helping this community grow and flourish,” said Gretchen Jameson, vice president of strategy and external relations at Concordia. “We are proud to contribute, not only economically, but also through service, volunteering, and leadership as fellow citizens and neighbors.”
Full-time enrollment at the University has risen nearly 60 percent over the past 10 years, and degree completions have increased by nearly 90 percent over the same time. According to the MMAC, this indicates activities by Concordia are helping to advance the region’s strategic economic development goals.
The University is a learner centered institution driven by rigorous academics and a commitment to excellence in teaching that inspires students to achieve success in the classroom, a career, and the community.