Oregon State’s Economic Impact
As Oregon’s statewide and largest university, Oregon State has a broad economic impact in Benton County that also reaches across Oregon, the nation and the world.
Oregon State education, research and engagement programs contributed $2.371 billion to the global economy in 2014. That includes $2.232 billion added to the Oregon economy and 31,660 jobs created statewide. The university’s global economic footprint has grown by $311 million — a 15 percent increase — since 2011.
Direct spending by Oregon State contributed $973 million to the economy in 2014, including $571 million in payroll, $208 million in goods and services and $154 million in capital construction.
Student spending accounted for $318 million, an average of about $10,500 per student in addition to the cost of tuition and on-campus housing. More than 500,000 visitors to Corvallis spent $40 million to tour campus, attend athletic, university or cultural events, participate in research meetings or use campus facilities.
How Oregon State’s impact was measured
Economic consulting firm ECONorthwest analyzed data provided by the university and calculated the impact of Oregon State’s expenditures, employment, student enrollment and visitors. The university’s economic footprint comes from three sources:
• Direct impacts result from Oregon State spending on operations, goods and services, capital construction and payroll.
• Indirect impacts result from companies purchasing additional supplies or hiring additional employees to support spending by Oregon State.
• Induced impacts result from the purchasing power of Oregon State employees.