Study: Earlham contributes $91 million to Indiana’s economy
December 12, 2019
Earlham College is a significant driver of economic growth across Indiana, according to a new study released by the Independent Colleges of Indiana (ICI).
With 400 employees and 1,100 students, the Earlham community contributed about $91 million to Indiana’s economy and attracted 29,000 visitors to the state during the 2017-18 academic year.
“This study is an important reminder of the significant contributions that Indiana’s independent colleges make not only in educating students, but also in contributing to the economic vibrancy of their community and region,” says Earlham President Anne Houtman. “We are deeply committed to the success of Richmond and Wayne County and proud of the contributions we make, both directly and indirectly, to the entire state of Indiana.”
Earlham is among Richmond’s largest employers and serves as an important intellectual and cultural hub for the state. A not-for-profit college, Earlham is committed to advancing the social good through innovation, community engagement and service, often working side-by-side with organizations that deliver critical services for neighbors living in the region. Earlham’s graduates also work in a number of Indiana industries, including healthcare, business, technology, government and civic affairs, education, social services, spiritual life and the arts.
The ICI’s report also highlights Earlham’s broader contributions to the state, which include:
- Purchasing $45.5 million in goods and services from Indiana businesses;
- Supporting more than nearly 900 jobs statewide;
- Generating $17.2 million in total taxes; and
- Constructing $23 million in capital projects.
Across the state, the ICI’s 29 other affiliated institutions are having a similar impact.
ICI’s 30 member institutions are educating about 88,355 students, ranking Indiana 13th nationwide in terms of enrollment in private colleges and universities.
ICI institutions, as a sector, represent the 7th largest employer in the state with more than 22,443 people working directly for those institutions, accounting for a total of 50,000 jobs affiliated with those schools.
Statewide, ICI schools directly purchase $2.8 billion in goods and services from Indiana businesses and attract 3.5 million visitors. Those transactions result in ripple effect throughout the Indiana economy, generating about $5.4 billion in total economic activity.
To learn more about Earlham’s contributions to the state, or to explore the ICI’s study, visit icindiana.org/economicimpact.
— EC —
Earlham College, a national liberal arts college located in Richmond, Indiana, is a College That Changes Lives. We aspire to provide the highest quality undergraduate education in the liberal arts and sciences. We expect our students to think rigorously, value directness and genuineness, and actively seek insights from differing perspectives. The values we practice at Earlham are rooted in centuries of Quaker tradition, but they also constitute the ideal toolkit for contemporary success.
Princeton Review ranks Earlham in the Top 15 nationally for Best Classroom Experience, and U.S. News & World Report recognizes the College as one of the nation’s “Most Innovative Schools,” and ranks EC 7th for the percentage of international students on campus, 25th for “Best Undergraduate Teaching” and 34th for “Best Value.”
Brian Zimmerman is director of media relations at Earlham College. He can be reached at 765-983-1256 and firstname.lastname@example.org.