Friends, Newman generate $293 million for Wichita
By Jake Bowles. CREATED Aug 16, 2014
A new study commissioned by the Kansas Independent Colleges Association reports that Friends University and Newman University have a $293 million impact on Wichita's economy.
That figure is a combination of income generated from university operations, student spending, visitor spending and student productivity for fiscal year 2012-2013.
Matt Lindsey, President of KICA, said he hopes Kansans recognize the "immense value" private universities provide the local economy.
"For Wichita, these two universities are essential to the region's economic prosperity," Lindsey said.
The KICA study reports that Friends and Newman graduates provide a present value of $915.6 million in added state income over the course of their working lives.
Darcy Zabel, interim president at Friends University, said graduates give back to their community.
"The financial impact of Kansas independent colleges doesn't end when our students graduate," Zabel said. "The greatest benefits come because our students graduate and are then able to give back to their communities as teachers, doctors, missionaries and leaders for a global society."
More information can be found on the KICA website.