Utah State University Supported $1.4 Billion in GDP, $2.2 Billion in Economic Output in 2023

Editor's note: The following release is republished with permission from the Kem C. Gardner Policy Institute.

SALT LAKE CITY – Utah State University strengthens Utah’s economy through high-quality education; research and innovation; institutional, student and visitor spending; and broad societal benefits.

A new report from the Kem C. Gardner Policy Institute, commissioned by the Utah System of Higher Education details USU’s significant statewide economic contribution, which includes supporting more than 17,000 jobs, $1.0 billion in earnings, $1.4 billion in gross domestic product and $2.2 billion in output (total sales) statewide in FY2023.

“As a land-grant university, we are deeply committed to serving the public good,” USU Interim President Al Smith said. “This study confirms that we are not only changing lives but also driving billions in economic impact across the state. USU plays a vital role in strengthening local economies, expanding opportunity and fueling innovation. It’s a powerful reminder that investing in higher education is investing in Utah.”

Andrea Brandley, senior education analyst and lead author of the report, said USU's activities generate ripple effects across Utah, supporting jobs, businesses and economic growth statewide.

“Utah State University contributes meaningfully to Utah’s economy — not only by educating students and strengthening the workforce, but also through its employment, spending, and research activity,” Brandley said.

Key findings from the report include:

Education

USU enrolled more than 28,000 students across more than 300 degree and certificate programs during the 2022-23 academic year. USU awarded 6,764 degrees and certificates during this same period, equipping graduates for a wide range of careers in Utah’s economy. More than half of USU graduates work in-state five years after graduation.

Employment

USU directly employed 10,436 individuals in FY 2023, making it the largest employer in Cache County and the seventh largest employer statewide. Including indirect and induced jobs, USU supports more than 17,000 jobs in Utah.

Economic Activity

USU supported a total of $1.0 billion in earnings, $1.4 billion in gross domestic product and $2.2 billion in output (total sales) in Utah in FY 2023.

Research

USU received $450 million in research funding in FY 2023, with 74% coming from federal sources, bringing new money to the state. This research funding supports 6,665 jobs, $385 million in earnings, $518 million in GDP, and $967 million in output statewide, a significant portion of USU’s total economic contribution.

Societal Benefits

Beyond its quantifiable economic contribution, USU benefits its students, employees and community across four key areas: workforce quality and development, research and commercialization, student experience, and community supports and services.

Learn more about USU's impact and the economic contribution study.