Thousands of Hoosiers who begin their day with Inside INdiana Business and INside Indiana Business Radio awoke Wednesday to news of the significant economic impact that Indiana Wesleyan University has on the Grant County economy.
The story, based on a recent study by the Business Research Center at the Indiana University Kelley School of Business, was the day’s lead story on the Inside INdiana Business network.
Much has changed for IWU and Marion since 1985. The Business Research Center found that IWU now makes a direct annual economic impact of $72 million on the Marion economy, and helps to create 400 more jobs in Marion beyond our own 1100 employees.
Even more heartening for me, the study found that between our students and staff IWU people contribute well over 200,000 hours of service to local charitable organizations each year.
We are grateful to Gerry Dick and Inside INdiana Business for helping to tell this remarkable story.
The Inside INdiana Business brand of multi-media business products was created in 2000 by broadcast news veteran Gerry Dick and technology entrepreneur and visionary Scott Jones.
Today, more people access the brand than any other source of Indiana business news. Headquartered in Indianapolis, Inside INdiana Business delivers daily content that can be watched, heard and read in Indiana, Michigan, Illinois (including Chicagoland), Ohio, Kentucky and markets around the globe.
Speaking of a global market, I read today’s Inside INdiana Business report in my hotel room in Sydney, Australia, where I am visiting Excelsia College, a sister institution of Indiana Wesleyan University.
Read the full report below:
Study Paints Picture of Indiana Wesleyan Impact
Posted: Nov 29, 2016 5:44 PM ESTUpdated: Nov 30, 2016 8:57 AM EST
MARION - A report released by Indiana Wesleyan University shows the Marion-based school has a more than $72 million impact on the local economy. The research also suggests nearly 400 jobs in the community are spurred by university, student and visitor spending. The Indiana Business Research Center at the Indiana University Kelley School of Business conducted the study and says IWU has approximately 1,180 workers at its main campus, making it the Grant County’s second-biggest employer.
Vice President for Residential Education Operations John Jones says the study will help the university tell its story in and out of the county. He says the study illustrates IWU’s deep commitment to the community and that the university continues to be a significant partner. Jones says investments into the campus and expanding enrollment sends a message that “we’re continuing to make Marion and Grant County a place that can be a destination and not just a county to just pass through, but a county to come to, whether you intend to study or come and work, the university plays a significant role in that.”
The data suggest 80 different community organizations or programs in the county benefited last year from nearly 2,200 student volunteering over 146,000 hours. IWU President David Wright says “Marion and Grant County have been home to Indiana Wesleyan University for more than 90 years, and the university has seen the city through boom times and lean times. Through it all, IWU has sought to be a good neighbor and a positive presence for the city.”
The study focused specifically on the impact to the city of Marion and Grant County, but Jones says the university would like to look at the full statewide impact in the future.
Vice President for Residential Education Operations John Jones says the study will help the university tell its story in and out of the county: