ECONOMIC IMPACT Print Email

 

 

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