Study: LSU has $3.9 billion impact on state's economy - WFXG FOX 54 - News Now

Study: LSU has $3.9 billion impact on state's economy

BATON ROUGE, LA (WAFB) -

LSU has a $3.9 billion impact on Louisiana's economy.

That according to a recent study by the LSU Division of Economic Development at the E. J. Ourso College of Business.

The total represents the impact of all nine LSU campuses--LSU, the LSU AgCenter, the Paul M. Hebert Law Center, Pennington Biomedical Research Center, LSU Alexandria, LSU Eunice, LSU Shreveport, and the LSU Health Sciences Centers in Shreveport and New Orleans – at both the state level and on a regional basis.

"These numbers demonstrate how invaluable LSU is to our state from a variety of angles, whether it's through jobs created, sales generated or drawing non-residents into Louisiana," said Stephen Barnes, study author, assistant professor of economics and director of the LSU Division of Economic Development at the E. J. Ourso College of Business. "LSU is most definitely a critical economic driver for the state of Louisiana."

According to the study, LSU itself brings $1.7 billion in sales, $610 million in earnings and 17,806 jobs to the Baton Rouge metro area.

The LSU AgCenter generates $235 million in sales, $92 million in earnings and 2,278 jobs.

The Pennington Biomedical Research Center delivers $112 million in sales to the area, $45 million in earnings and 889 jobs.

LSU's Paul M. Hebert Law Center contributes $44.5 million in sales to the MSA, $16.5 million in earnings and 459 jobs.

To see the entire report, go to lsu.edu/researchnews.

Copyright 2014 WAFB. All rights reserved.

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