NDUS' economic impact worth $3.7 billion a year
BISMARCK – The North Dakota University System says its impact on the state’s economy is worth $3.7 billion a year.

By: Forum staff reports, INFORUM

BISMARCK – The North Dakota University System says its impact on the state’s economy is worth $3.7 billion a year.

The system, which includes the University of North Dakota and North Dakota State University, released a study Tuesday of its effect on North Dakota’s economy.

The study estimated that state universities contributed almost $1 billion into local economies in the 2009 fiscal year and another $300 million through student spending.

According to the study, that money multiplies when cycled through the state’s economy.

In a statement, university system Chancellor Bill Goetz argued that North Dakota’s investments in higher education pay off later.