Discover How Morgan State University is Driving a $1.5 Billion Economic Impact Across Maryland

Morgan State University’s Impact on Maryland’s Economy

Morgan State University is making waves beyond just education. According to an economic impact study by Econsult Solutions, the university adds a remarkable $1.5 billion to Maryland’s economy each year. This makes Morgan a key player in shaping the region’s financial landscape.

More than just a number, this figure reflects jobs created and lives changed. Morgan supports about 8,200 jobs across the state and contributes nearly $71 million in state taxes. This shows its role as both a major employer and a vital economic driver.

David K. Wilson, Morgan’s president, highlighted its importance: “Every dollar invested in us brings great returns for Maryland. Our research and community work show how much we contribute to local development.” Wilson calls Morgan a “jewel” in the state’s education system.

Since the first study in 2018, Morgan’s impact has grown impressively—from nearly $1 billion to $1.5 billion in just six years. These figures align with over $1.2 billion in capital investments made in the last 15 years, promising ongoing growth.

A recent study found that Morgan students and visitors contribute $161 million yearly to Maryland, with $150 million from student spending alone. Furthermore, Morgan alumni living in the state earn about $700 million more each year thanks to their education. There’s strong evidence that graduates with bachelor’s degrees contribute around $278,000 more to their local economies over their lifetime compared to high school graduates.

Morgan’s reach extends to Baltimore City, generating $891 million in economic activity. The Baltimore metro area sees a total impact of $1.4 billion, with nearly 4,880 jobs created. This means Morgan is a cornerstone for Baltimore’s growth and revitalization.

Universities often serve as economic engines in their regions. Not only do they employ many people, but they also engage in activities that enhance community life, such as cultural events and public health initiatives. For instance, Morgan leads in innovation, forming more than ten times the number of startups and patents compared to the average U.S. research university.

Willie E. May, Morgan’s vice president for Research and Economic Development, applauded the university’s achievements: “Our research translates into real solutions that benefit our communities. Our approach sets a standard for inclusive growth.” This ongoing focus on innovation and community support underlines Morgan’s commitment to growth.

Historically, Morgan has evolved tremendously to become Maryland’s largest historically Black college and university (HBCU) and the third-largest in the nation. It now serves over 11,000 students and offers a wide range of academic programs. Under President Wilson’s leadership, Morgan is not just nurturing graduates but is cultivating outcomes that enhance Maryland’s competitive edge on the global stage.

For those interested, you can read the full 2024 Economic Impact Report [here](https://l.gourl.es/l/ee837dca47e899853986621d38063e741f4d7343?u=4750387). This report, conducted by Econsult Solutions, has been key in understanding Morgan’s contributions since it first started in 2018.

Morgan State University, established in 1867, is a high-research institution offering numerous degree programs. Known for its commitment to diverse education, Morgan continues to strive to make higher education accessible and impactful for all.

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