Morgan expands economic impact to $1.1 billion statewide, $640 million in Baltimore

Morgan student discusses research findings at recent Morgan Innovation Day held annually in Annapolis before Maryland legislators, students, faculty, staff and alumni for a first-hand look at new research, innovation and partnership initiatives incubated at the National Treasure. (Photos Courtesy of Office of Morgan State University)

Independent Study Affirms University’s Economic Vitality Fueling Jobs,

Research Investment and Business Development

BALTIMORE — Morgan State University President David K. Wilson announced today the results of an independent analysis of impact indicators and fiscal contributions affirming that Morgan remains a key economic driver in the region, generating $1.1 billion in annual financial impact on Maryland and $640 million within Baltimore City. The new findings reveal an 11.1% increase in statewide impact and an 11.5% increase in citywide impact since the University’s last commissioned study in 2018. The FY21 study, conducted by Econsult Solutions, Inc. (ESI), a national economic consulting firm, also found that Morgan is responsible for supporting 6,900 jobs statewide, nearly 4,200 within the City, accounting for $558 million in Maryland wages and $188 million in Baltimore.

Construction photo of the recently completed and opened, Calvin and Tina Tyler Hall Student Services Building. One of many examples of Morgan’s capital investments with direct impact to the neighboring community. (Photos Courtesy of Office of Morgan State University)

As with Morgan’s previous ESI-produced economic impact report, the methodology of this study and its findings focused on an in-depth examination of seven key areas: operations, capital investments, student and visitor spending, wage premium, commitment to community, innovation and economic opportunities to diverse populations, local and statewide.

Recent Morgan graduates who worked in various capacities on the construction of the Calvin and Tina Tyler Hall Student Services Building. (Photos Courtesy of Office of Morgan State University)

“The findings of this latest Economic Impact Update Report validate what we here at Morgan know all too well, that our university is, without question, unrivaled in its ability to impact lives, transform communities and spur economic progress that elevates not only the individual but our society as a whole,” said President David Wilson. “We look forward to continuing to uphold our mission by producing results that make a difference, while offering tangible and measurable return on the investment that has been made into Morgan.”

Rendering of Morgan’s new, $156-million Health and Human Services Building which is currently under construction. (Photos Courtesy of Office of Morgan State University)

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