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Economic Impact

Economic Impact

A back of the envelope analysis by Dr. Ben Martz, dean of the College of Business, of publicly available data from a 2016 report by the West Virginia University Bureau of Business and Economic Research and data from a 2017 story by MetroNews shows that Shepherd University has a return on investment (ROI) of $9.73 for every dollar invested by the state. According to his analysis, Shepherd’s ROI is better than Marshall ($8.94) and Fairmont State ($5.66). As a research intensive, R1 university, WVU leads the list with an ROI of $13.60 for each dollar invested.

ROI for State Universities

University Impact* Investment (State Funds)** ROI (Impact/Investment)
WVU $1,400,000,000 $102,931,727 $13.60
Marshall $398,000,000 $44,499,000 $8.94
Shepherd $91,100,000 $9,360,954 $9.73
Fairmont $82,600,000 $14,579,417 $5.66

*Source Impact: http://wvmetronews.com/2016/08/08/report-finds-wvs-public-higher-education-institutions-have-2-7-billion-impact-on-state/
**Source Investment: http://wvmetronews.com/2017/06/25/231226/