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ECONOMIC IMPACT Print E-mail

 

 

MICUA Economic

Impact Summary

 

FY 2005 MICUA Economic Impact Study 

Read Exerpts from the Report

 

 

 

 

Prepared by the Sage Policy Group

Profile

 

 

 

Employees

35,450

 

On the following topics:

 

Visitors

387,743

 

 

Spending

 

Economic Impact $6.6 Billion

 

Operating Expenses

$2.1 billion

 

 

Research & Development

$1.5 billion

 

Meeting Workforce Demands

 

Construction

$266.1 million

 

 

Student Spending

$297.6 million

 

Efficiency and Accountability

 

Visitor Spending

$72.1 million

 

Economic Impacts

 

Encouraging Visitors

 

Jobs Supported

88,750

 

 

Income

$2.9 billion

 

Commitment to Diversity

 

Total Economic Impact

$6.6 billion

 

Fiscal Impacts

 

Generating Jobs



Income Taxes

$156.8 million

 

 

State Sales Tax

$87.5 million

 

  Research in a Knowlege Economy

 

State Corporate Tax

$7.7 million

 

 

Total Tax Impact

$252 million

 

 Revitalizing Communities

 

 

 

 

 

 

 

 
MICUA | 60 West Street | Suite 201 | Annapolis, MD 21401 | (410)269-0306 | FAX (410)269-5905