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GW PROVIDES MAJOR ECONOMIC VALUE FOR DC
The George Washington University and its medical enterprise, the Medical Faculty Associates, deliver not only substantial intellectual capital for Washington, D.C., but also enormous economic impact. From jobs and tax revenue generated to the investments and spending made by its entire community, GW creates value and improves quality of life throughout the District every single day.
ECONOMIC IMPACT ANALYSIS
Operations Spending Impact
$872.9 million added income
Clinical Spending Impact
$299.9 million added income
Research Spending Impact
$168.3 million added income
Alumni Impact
$147.5 million added income
Student Spending Impact
$73.5 million added income
Start-up & Spin-off Company Impact
$73.5 million added income
Visitor Spending Impact
$3.2 million added income
Construction Spending Impact
$1.0 million added income
INVESTMENT ANALYSIS
For every $1... Students gain $2.80 in lifetime earnings
In total... Taxpayers gained in added tax revenue and public sector savings of $114.3 million
In total... Society gained in added income and social savings of $1.7 billion
The average bachelor’s degree graduate from GW will see an increase in earnings of $63,900 each year compared to someone with a high school diploma working in Washington, D.C.
ECONOMIC IMPACT IN DC
ECONOMIC IMPACT IN THE DC METROPOLITAN AREA
