The University of Wyoming, true to its land-grant and flagship missions, stands as the state's university. In every county across Wyoming, we provide courses and degrees for those who cannot come to Laramie; research that advances fundamental understanding as well as practical solutions to business, industry and government; service to professional and community organizations; information and advice to policy makers; cultural performances and exhibitions; academic programming, workshops, and seminars; access to legal services, health services, and library databases; a wide variety of other contributions to the full social, business, cultural, creative, and economic environment of the state.
Through engagement with our communities, UW is a powerful engine supporting the state’s growth. UW also has a broader economic footprint that contributes in the long run, and more broadly, to aspects of value creation.
Reported here are economic impacts that would not occur in Wyoming but for the university all directly attributable to external funding coming to Wyoming as a result of the university’s varied distinct activities. These include direct expenditures by nonresident students and visitors, externally funded research support, and spin-outs and startup businesses directly resulting from UW research. University driven economic impact to Wyoming is found to be substantial as reported below.
Here are some quick facts highlighting UW’s economic impact:
The total additive value of this external activity
totals nearly $130 million annually;
creates over 2,200 jobs annually; and,
with $58,449 of value added per job.
For every external dollar of labor income generated by:
the UW Research enterprise,
another $3.08 of labor income and taxes generated in the state;
the research enterprise generates over $78 million of value added for the state annually;
nearly 1,100 jobs; and,
value added of over $70,000 per job.
Nonresident student tuition, fees, and expenditures generates:
over $40 million annually in state economic activity, and;
creates nearly 1,000 jobs.
UW’s Agricultural Extension and Experiment Stations:
generate over 40 jobs; and,
nearly $2 million annually in value added.
UW’s staff, students, and faculty view themselves as partners with our communities across Wyoming in supporting the long-term economic basis for growth, development, and a rising quality of life and increasing prosperity. What we do, in collaboration with our stakeholders around Wyoming, provides jobs, creates economic value, increases human capital and citizenship, and enhances the viability of communities for the long term and makes for a more livable Wyoming.