UNC Asheville, an academic anchor institution and one of the top 20 employers in the Asheville area, raised local economic output by almost half a billion dollars in fiscal year 2017, according to an economic impact study conducted by Tom Tveidt of SYNEVA Economics LLC.
“It is clear that UNC Asheville is an engine of economic growth within the region. While it is impossible to put a value on the cultural impact of the institution, the students and wide scope of events held on campus reinforce the critical role the university plays in the creative economy. UNC Asheville’s regional impact is multifaceted, vibrant, sustainable and diverse, further solidifying its status as the academic, athletic, cultural, economic and social hub of the region,” said Tveidt in the report published today.
UNC Asheville’s total economic impact is $450 million annually in the region, an increase of more than $100 million from the previous study completed five years ago, also authored by Tveidt.
Originally published Wednesday, Jan 24th, 2018.