A recent study by Econsult Solutions shows that Clemson University has a huge economic impact. In South Carolina, it contributes $6.4 billion, and the number jumps to $10.6 billion across the country.
Right in the university’s nearby counties—Anderson, Greenville, Oconee, and Pickens—the local impact is about $4.9 billion. This includes money from university operations, construction projects, sports events, and spending by students and visitors.
This information was shared during the university’s board of trustees meeting on February 6. Lee Huang, the president of Econsult Solutions, highlighted the university’s significant role. He noted that Clemson is one of the state’s largest employers and a major buyer of goods and services.
For every dollar invested in Clemson by South Carolina, the state sees a return of $35 in economic impact. This highlights how vital the university is to the local economy.
Clemson also supports jobs in the area. It aids in maintaining about 28,000 jobs in upstate South Carolina and 37,000 jobs statewide. Many graduates choose to stay in South Carolina after finishing their studies—58% of them stick around.
The presence of these alumni boosts local economies, as their better earning potential contributes to growth. Impressively, 97% of Clemson graduates have jobs or are pursuing further education within six months of graduating.
As an R1 research institution, Clemson shows a strong commitment to research and innovation. In recent years, the university dedicated $334 million to research and development. Between June 2020 and June 2023, it filed 79 patent applications and disclosed 218 inventions, leading to the launch of 10 new startups.
President Jim Clements believes that Clemson is transforming South Carolina, elevating the entire state with its efforts and achievements.
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