MU generates $5 billion in economic impact in FY21

A new report details MU’s far-reaching effect on Missouri’s economy.

March 25, 2022

Transcript

Pate McCuien: Although Mizzou is located in the heart of Missouri, its impact is felt all over the state. A recent economic impact study found Mizzou contributed $5 billion to Missouri’s economy from July 2020 to June 2021.

University of Missouri president Mun Choi says the findings highlight Mizzou’s commitment to excellence in teaching, research, outreach and economic development.

Choi: We are very excited about the impact we have in the state of Missouri. As a land-grant, flagship institution, we are proud of the $5 billion annual impact, and when you compare that to the amount of funds we receive from the state, we return $25 for each $1 that is invested. And these are in areas of health care, research, workforce development, as well as athletics and extension.

McCuien: Choi added the teaching and research conducted at Mizzou helps educate the leaders of tomorrow, create jobs today, and also solve some of the biggest challenges facing society.

Choi: We are making an impact each and every day in each county in the state of Missouri to help improve lives, and we will continue that focus going forward.

McCuien: For more on this research, visit showme.missouri.edu.

I’m Pate McCuien, with a Spotlight on Mizzou.

Learn more about the research here

Subscribe to

Show Me Mizzou

Stay up-to-date on all things Mizzou when you subscribe to the Show Me Mizzou newsletter. Issues will arrive in your inbox every Tuesday, Wednesday and Thursday.

Subscribe