Return to flip book view

Economic Impact Report 2023

Page 1

ECONOMIC IMPACTfiscal year 2022–2023 report

Page 2

372%economic return on investments economic impact$118 M +the college of business (cob) deliversacross the state of north carolina

Page 3

$38.2Min indirect economic outputimpact of cob spendingin eastern north carolinaPhotos by Cliff Hollis & Rhett Butler200+new employment opportunities$31.7Min direct economic output$10.7Min personal salaries

Page 4

$1.7 Min added value generated932businesses served1,9 61students & faculty participated economic impact of student projectsin eastern ncPhoto by Cliff HollisStudents use the Isley Innovation Hub to work on projects that servethe region. These projects provide students with real-world experience while adding value to local clients.

Page 5

1,273degrees awarded by the COB$675Kin student financial support awarded by the COB30K+ cob alumninumbers that drive continued successPhoto by Cliff HollisScott Diggs (class of 1989) and Paul Adkison (class of 1991), both successful entrepreneurs, turned their friendship and passion for building businesses into a private, boutique investment rm called Co-X Holdings in Ft. Lauderdale, FL. Both men are devoted to ECU because of the impact it had on their lives. This devotion has led them to establish an endowment to support Access Scholarships.

Page 6

212new jobs in eastern NC $ 9 Min added income across NC$34M+increase in gdp across NCeconomic impacts of cob graduatesTaylor Walden (BSBA class of 2019) is the founder and CEO of Simple and Sentimental in Ayden, NC. In 2021 Taylor was honored as one of Forbes’ “Next 1000,” recognizing the nation’s young entrepreneurs and the “Trailblazers” award from Business North Carolina.Photo (right) by Cliff HollisBrett Morgan (class of 2012) serves as general manager for the Holiday Inn in Greenville, NC. After earning a bachelor’s degree in hospitality management, Brett continued to grow in his career and pursue his passion for the hospitality industry.Photo (left) by Kyle Roebuck Photography

Page 7

$30Kmore per year than those with a high school diplomaecu business undergrads earn$41Kmore per year than those with a high school diplomamba/msa/ms graduates earn$34.7Min income for residents of eastern NCcob graduates spending generateddegrees earnedincreased incomePhoto by Cliff Hollis, ECU

Page 8

The COB at East Carolina University has a signicant impact on various stakeholders, including students, faculty, its region, and the business sector at large. The COB is deeply connected to its community and iscommitted to student success, public service and regional transformation. It plays a signicant role in the economic development and well-being of eastern NC through various innovative programs and partnerships.Contact the Bureau of Business Research at BBR@ecu.edu to learn more about this study.read full studyClick to