January 8, 2015
CONTACT: Lisa Hall, 425-352-5461, email@example.com
University of Washington Bothell growth contributes $231.6 million to state and local economy
Bothell, Wash. – The University of Washington released an economic impact report today which outlines the employment and government revenue impacts of operations and research at the Seattle, Tacoma and Bothell campuses.
The study by Tripp Umbach consulting firm shows that the University of Washington makes a tremendous contribution to the state’s economy of $12.5 billion.
The University of Washington Bothell brings more than $231.6 million to the state’s economy. That includes a direct impact of $82.7 million and indirect impact of $148.9 million. The economic impact on the city of Bothell alone is $125.5 million. These amounts reflect expenditures, government revenues, the employment of faculty and staff and personal incomes of residents.
UW Bothell directly or indirectly supported nearly 1,700 jobs throughout the state during this reporting period. Additionally, nine out of 10 alumni live and work in the state of Washington; 13,000 are in King and Snohomish counties.
UW Bothell currently provides programs in Bothell, Bellevue, Everett and Seattle. Its student population comes from around the Puget Sound with 55% coming from King County and 35% from Snohomish County.
Chancellor Wolf Yeigh says he expects UW Bothell’s economic impact to continue growing, “In our 25th year, we are continuing to expand access to meet the needs of our state’s students and those of local industry,” says Yeigh. “As this smart growth takes place, we anticipate years of increasing contributions to our state and local economies.” Yeigh says he looks forward to continuing UW Bothell’s work in both King and Snohomish counties.
To read the complete University of Washington report, go here.
About UW Bothell: With more than 40 undergraduate and graduate degrees, options, certificates and concentrations, UW Bothell emphasizes close student-faculty interaction and critical thinking. UW Bothell builds regional partnerships, inspires change, creates knowledge, shares discoveries and prepares students for leadership in the state of Washington and beyond. For more information, visit www.uwb.edu.