A recent report from The Washington Economics Group has named Embry-Riddle Aeronautical University (ERAU) a “Top Contributor” to economic activity in Volusia County, Florida, and Yavapai County, Arizona. Overall, ERAU contributions to local economies from its approximately 125 Embry-Riddle Worldwide campuses have surpassed $2.3 billion for the fiscal year 2019–up 44 percent since 2016, with the university also supporting 17,929 high-paying jobs.
ERAU’s Economic Impact Surpasses $2.3 Billion in Florida and Arizona
Key Takeaways:
- Embry-Riddle Aeronautical University (ERAU) is a "Top Contributor" to economic activity, with contributions surpassing $2.3 billion globally in FY2019, supporting nearly 18,000 high-paying jobs.
- This impact includes over $1.98 billion in Florida and $392 million in Arizona for 2020, both showing significant growth (44% and 41% respectively) since 2016.
- ERAU's Research Park, particularly in Florida, has been a major contributor, generating over $90 million and 500 high-wage jobs since 2017.
- The university actively promotes new technologies, enhances workforce capacity in aviation, aerospace, and STEM fields, and works to diversify local economies, helping to prevent "brain drain."
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