Home

 

 

 

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.

SVG
1 out of every 73 jobs in Washington, DC are supported by the activities of GW and its students.

 

ECONOMIC IMPACT ANALYSIS

 

Chart

 

 

 

Icon house

Operations Spending Impact

$872.9 million added income

medical icon

Clinical Spending Impact

$299.9 million added income

research icon

Research Spending Impact

$168.3 million added income

 

icon

Alumni Impact

$147.5 million added income

icon

Student Spending Impact

$73.5 million added income

icon

Start-up & Spin-off Company Impact

$73.5 million added income

 

icon

Visitor Spending Impact

$3.2 million added income

icon

Construction Spending Impact

$1.0 million added income

 

 

INVESTMENT ANALYSIS 

 

icon hat

For every $1... Students gain $2.80 in lifetime earnings

icon building

In total... Taxpayers gained in added tax revenue and public sector savings of $114.3 million

icon people

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.

chart

 

 


 

ECONOMIC IMPACT IN DC

 

 

 

ECONOMIC IMPACT IN THE DC METROPOLITAN AREA