Economic Impact of the University of Illinois Springfield
UIS creates a significant positive impact on the state and area economy and generates a return on investment to its major stakeholder groups—students, taxpayers and society.
Using a two-pronged approach that involves an economic impact analysis and an investment analysis, a study conducted by Lightcast (formerly EMSI), a nationally known research firm specializing in economic impact studies for colleges and universities, calculated that:
UIS added $694.2 million in income to the Illinois economy in fiscal year 2021. The university’s impact supports 6,909 jobs.July 1, 2020 through June 30, 2021
Students who invest in a UIS education will see a return of $5.40 in higher earnings for every $1 invested in their education. Their average annual rate of return is $18.9%.
Overall, UIS creates value by increasing consumer spending in the state and supplying a steady flow of qualified, trained workers to the workforce; enriches lives of students by raising their lifetime earnings; benefits taxpayers through increased tax receipts and a reduced demand for social services; creates a more prosperous economy; and generates a variety of savings through the improved lifestyles of students.
For every $1...
Students gain $5.40 in lifetime earnings
Taxpayers gain $3.20 in added tax revenue and public sector savings
Society gains $7.20 in added income and social savings
The average bachelor's degree graduate from UIS will see an increase in earnings of $31,700 each year compared to someone with a high school diploma working in Illinois.
Economic Impact Reports
Find information about the Economic Impact of the University of Illinois System.