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) generated over $2.3 billion in economic contributions and supported nearly 18,000 high-paying jobs across its global campuses in fiscal year 2019, a 44% increase since 2016.
- ERAU is a significant economic driver in its home states, contributing over $1.98 billion and supporting nearly 14,850 jobs in Florida, and $392 million and 3,000 jobs in Arizona.
- A major contributor to this impact is ERAU's Research Park in Florida, which has generated over $90 million in economic activity and 500 high-wage jobs, playing a key role in diversifying the local economy and preventing "brain drain."
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