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Document Number: 7149

Economic Impact of the Nation's Historically Black Colleges and Universities - This study documents the economic role of the nationís historically black colleges and universities (HBCUs) by estimating the short-term economic impact that each of these institutions has on their local communities. In 2001, the combined initial spending associated with the nationís 101 HBCUs totaled $6.6 billion. Public HBCUs accounted for 62% of the total amount. The total economic impact of the nationís HBCUs was $10.2 billion. This amount would rank the collective economic impact of the nationís HBCUs 232nd on the Forbes Fortune 500 list of the United Statesí largest companies. Additionally, the total employment impact of the 101 HBCUs included 180,142 total full- and part-time jobs in 2001. The report includes templates that can easily be used to update impact estimates for subsequent years as new Integrated Postsecondary Education Data System data become available. (Jeffrey Humphreys, National Center for Education Statistics, October 2006) ...

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Economic/Workforce Development
Minority/Diversity Issues

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