51³Ô¹Ï

Economic Impact Study

An economic impact study conducted by Lightcast, a leading provider of financial analysis, highlights the significant value 51³Ô¹Ï brings to New Jersey. In the 2023-24 fiscal year, 51³Ô¹Ï and its students and alumni across the state contributed $98.7 million in added income to the state’s economy. This impact supported 1,602 jobs statewide, showcasing how 51³Ô¹Ï is vital in strengthening individual lives and the broader economy.

The Economic Value of 51³Ô¹Ï

An Economic Value of Infographic of 51³Ô¹Ï

Impact on Sussex County

Added Income

51³Ô¹Ï Total Annual Impact $98.7 Million Added Income
Alumni Impact

$81.7 Million
Annual Added Income
1,602 Added Jobs

Operations Spending Impact $14.6 Million Annual Added Income
Student Spending Impact

$1.4 Million Annual Added Income

Details About 51³Ô¹Ï
3,397 Students 469 Employees $12.8 Million Annual Payroll
For Every Dollar Invested
Students gain $3.70 in lifetime earnings Taxpayers gain $2.00 in added tax revenue and public sector savings Society gains $6.00 in added income and social savings

 

Review the PDF of the Economic Impact Executive Summary
Review the PDF of the Economic Value of 51³Ô¹Ï