The huge Economic Impact of New England higher Education
The rather ominous-looking W.E.B. Du Bois Library, at the University of Massachusetts at Amherst, built in the late 1960’s, is the tallest academic research library in the world, at 26 stories.
BOSTON
Edited from a report by The New England Council (NEC) and the New England Board of Higher Education (NEBHE)
These two organizations have once again partnered to release fact sheets highlighting the economic impact of the higher-education sector in the region.
These highlight the economic impact that colleges and universities have in each state, as well as aggregate data for the entire region.
Data points covered include total economic impact, federal tax revenue generated, jobs in the higher education sector, jobs created in the state, total number of institutions, total students, and students awarded a Pell Grant.
Some highlights include:
The higher education sector in New England had a total economic impact of $26.5 billion in 2024.
New England colleges and universities employed nearly 276,972 people, and served over 1.1 million students in 2024.
In New England, higher education was responsible for creating over 562,640 jobs in 2024.
Colleges and universities in New England generated $1.1 billion in federal tax revenue in 2024.
The data was compiled by NEBHE and is available to all New England Council members to use in their own advocacy efforts. You can download the fact sheets here:
For more information, please contact NEC Director of Federal Affairs Mariah Healy or NEBHE Associate Director of Policy and Research Robert Merth.