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STUDY SHOWS SUBSTANTIAL IMPACTS

The NDSU Research & Technology Park and its 19 tenants and clients positively impact economies, contribute to job creation efforts and generate revenue for local and state governments, according to a 2010 independent analysis conducted by Economic Modeling Specialists Inc., Moscow, Idaho.  For a copy of the complete report click here. 

Jobs:

 

Direct On-Site Jobs 893
Indirect Off-Site Jobs

551

NDSU Students

138

NDSU Graduates

286 

Construction and Maintenance Jobs Since 2007 27
Labor Income Since 2007

$8,000,000

 

Salaries:  

Average Salaries per year (in the Park)

$57,000

Average Salaries per year (outside of the Park but in ND)

$41,000

Park Industry Wages

$51,000,000

Indirect Off-Site Wages

 

$23,000,000

Property Income:

 

Park Industries and Off-Site but Linked Businesses

 

$28,400,000

Revenue for State, Local Governments:

State Government Revenues through Sales Tax, Personal and Corporate State Income Taxes and Other State Taxes, Charges, Fees and General Revenues $7,300,000

Local Government through Property Taxes, Other Taxes, Charges and Fees

 

$3,600,000

Out of State Revenue:

Annual Revenues Originated from Outside of ND

65-70%
Out-of-State Revenues in 2010 $101,000,000
Percentage of Growth Since 2007

59%

 

International Revenue:

 
Percentage of Revenues from International Inflows 8-10%
Revenues from International Sources $9,000,000
Projected Revenues from International Sources in 2011 $17,000,000
Number of Countries 26

Continents

 

6

Grants and Related Cash Infusions:

Private and Other Grants, Venture Capital Fund and Angel Funds Since 2007 $15,600,000
Projections for Grants and Related Cash Infusions in 2011 $16,000,000
Percentage of Increase over 2007

410%

 

Economic Modeling Specialists Inc. examined the years 2007-10 and made projections for 2011.