News Summary

A recent economic impact study shows that Clemson University contributes over $6.4 billion to South Carolina’s economy, creating approximately 37,100 jobs statewide. The report highlights significant financial inputs from university operations, research activities, and student spending. Clemson’s influence is particularly strong in the Upstate region, where it supports around 27,900 jobs and adds $4.9 billion locally. The university’s strategic initiatives, including its Clemson Elevate plan, aim to further enhance economic development and workforce growth across the state.

South Carolina’s Economy Boosted by Clemson University

An independent economic impact study has revealed that Clemson University contributes over $6.4 billion to South Carolina’s economy. Conducted by Econsult Solutions Inc., the findings were presented during a Board of Trustees meeting on February 6, 2025. This significant financial contribution is attributed to various factors including university operations, capital investments, workforce development, athletic events, and spending by students and visitors.

The study indicates that for every dollar invested in the university, approximately $35 in economic output is generated. This sprawling economic ecosystem translates to the creation of roughly 37,100 jobs statewide and produces an annual state tax revenue of $114.4 million.

Regional Impact

Clemson’s influence is notably pronounced in the Upstate region of South Carolina, where it adds $4.9 billion to the local economy and supports around 27,900 jobs. The university plays a pivotal role in enhancing research, promoting workforce development, and encouraging collaborations across industries to bolster the state’s economic landscape.

Wider Economic Contributions

The national economic impact of Clemson extends to $10.6 billion, supporting a total of 54,000 jobs across the United States. In the past decade, Clemson has remarkably doubled its research activities, with research and development expenditures totaling $334 million for the fiscal year ending June 30, 2024.

Graduate Outcomes and Workforce Development

A significant percentage of Clemson graduates, approximately 58%, choose to stay in South Carolina after completing their studies. Moreover, data shows that 97% of graduates are either employed or pursuing further education within six months of graduation. The median 10-year earnings for these alumni is around $72,000, which is higher than that of graduates from comparable institutions.

Clemson’s Research Focus

The research initiatives at Clemson target essential South Carolina industries, including automotive, energy, manufacturing, health, education, and agriculture. The university strategically operates innovation campuses, research centers, and extension offices across the state to enhance the accessibility and effectiveness of research resources.

Strategic Goals

In alignment with its mission, Clemson has developed a strategic plan titled Clemson Elevate, which aims to create meaningful economic impacts throughout the state. This plan emphasizes the university’s commitment to improving the quality of life and promoting economic prosperity through collaborative efforts involving local industries, state agencies, and educational entities.

Conclusion

Clemson University’s substantial economic impact underscores its crucial role in fostering growth and sustainability within South Carolina. The university’s dedication to excellence in education and research directly contributes to the state’s vibrant economy and workforce development, while also maintaining a broad national relevance in job creation and economic output.

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