News Summary
An independent economic impact study reveals that Clemson University generates a massive $6.4 billion economic impact on South Carolina. This includes contributions from university operations, capital investment, and student spending. The analysis indicates that for every dollar invested in the university, there’s a $35 return in economic output, resulting in approximately 37,100 jobs created statewide. Clemson’s economic influence is particularly strong in the Upstate region, where it supports nearly 28,000 jobs. The university continues its commitment to economic development and research, enhancing its impact on both local and national economies.
South Carolina
An independent economic impact study has revealed that Clemson University generates a remarkable $6.4 billion economic impact on South Carolina. This significant figure was presented at the university’s Board of Trustees meeting on February 6, 2025, by the consulting firm Econsult Solutions Inc. The study encompasses a variety of economic contributions, including university operations, capital investment, workforce development, athletics, and the spending habits of students and visitors.
The analysis shows that for every dollar invested by the state of South Carolina in Clemson University, there is a substantial return of $35 in economic output. Additionally, this economic activity has led to the creation of around 37,100 jobs throughout the state. Clemson University is not only a hub of education but also a vital contributor to the state’s economy, generating approximately $114.4 million in annual state tax revenue.
Regional Impact
The university’s economic influence is especially pronounced in the Upstate region, where its reported impact is $4.9 billion, supporting 27,900 jobs within that area. This localized effect further underscores Clemson’s role as a key player in the region’s economic landscape.
Collaboration and Development
Clemson University is committed to fostering economic development in South Carolina by actively partnering with various industries. These collaborations aim to promote experiential learning opportunities along with industry-supported scholarships for students. The university’s efforts are focused not just on education but also on maximizing the practical benefits of its research initiatives.
State and National Economic Impact
Beyond its contributions in South Carolina, Clemson University has a total economic impact of $10.6 billion nationwide, supporting approximately 54,000 jobs across the United States. This extensive influence highlights the university’s role as an essential driver of both local and national economies.
Research Contributions
The research profile of Clemson University has been on the rise, with total research expenditures reaching $334 million for the fiscal year ending June 30, 2024. This marks a doubling of research activities since 2013, focusing on important sectors such as automotive, energy, manufacturing, health, education, and agriculture. The university maintains numerous innovation campuses, research centers, and extension offices statewide, which enhance its vision for workforce development and research maximization.
Alumni Outcomes
According to the report, 58% of Clemson alumni choose to remain in South Carolina after graduation. On top of that, 97% of graduates are either gainfully employed or pursuing further education within six months of completing their degrees. Graduates often enjoy median earnings of $72,000 over a decade, a figure that outpaces peers from other institutions, showcasing the university’s effectiveness in preparing students for successful careers.
Institutional Mission
Since its establishment in 1889, Clemson University has been dedicated to providing high-quality education and impactful research to benefit the residents of South Carolina. The institution maintains a strong commitment to teaching, research, and community service as it continues to enhance its influence on the state’s economy.
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