{"id":119360,"date":"2025-02-12T01:58:00","date_gmt":"2025-02-12T07:58:00","guid":{"rendered":"https:\/\/www.unmc.edu\/newsroom\/?p=119360"},"modified":"2025-02-11T19:44:51","modified_gmt":"2025-02-12T01:44:51","slug":"report-university-of-nebraska-is-an-engine-of-growth-for-the-state","status":"publish","type":"post","link":"https:\/\/www.unmc.edu\/newsroom\/2025\/02\/12\/report-university-of-nebraska-is-an-engine-of-growth-for-the-state\/","title":{"rendered":"Report: University of Nebraska is engine of growth for state"},"content":{"rendered":"<div class=\"panel body-content\"><div class=\"panel__container\">\n<p>The&nbsp;University of Nebraska isn\u2019t just contributing to the state\u2019s economy by developing future workforce \u2014 it\u2019s an engine of growth across the state, according to a newly released economic impact report.<\/p>\n\n\n\n<p>The report, shared during a news conference at Hudl, 600 P. St., Lincoln, on Tuesday, reveals that NU generates $6.4 billion annually and supports one in every 20 Nebraska jobs. Conducted by national consulting firm Tripp Umbach, the report highlights the university\u2019s vital role in workforce development, research innovation, and community prosperity.<\/p>\n\n\n\n<p>\u201cThe University of Nebraska is one of the most important investments we can make in the future of our state,\u201d said NU President Jeffrey P. Gold, MD. \u201cFrom the jobs we create to the future workforce we educate to the research we produce, our university is helping move Nebraska forward in meaningful ways. For every $1 the state invests in the University of Nebraska, we generate $10 in economic activity\u2014an extraordinary return on investment.\u201d<\/p>\n\n\n\n<p>The study highlights key areas where NU fuels Nebraska\u2019s economic engine:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Workforce Development:&nbsp;<\/strong>NU produces 11,000 graduates annually, with one in seven working-age Nebraskans holding a degree from the university. NU alumni generate $3.5 billion in additional earnings each year.<\/li>\n\n\n\n<li><strong>Job Creation:<\/strong>&nbsp;One in every 20 jobs in Nebraska is directly or indirectly supported by the University of Nebraska, a number that increases to one in 11 when including Nebraska Medicine.<\/li>\n\n\n\n<li><strong>Innovation and Research:&nbsp;<\/strong>NU\u2019s $304 million in federal research awards fuel discoveries that benefit Nebraska businesses and communities.<\/li>\n\n\n\n<li><strong>Community Impact:<\/strong>&nbsp;NU students, faculty, and staff contribute over $38 million in charitable donations and $76 million in volunteer service annually.<\/li>\n<\/ul>\n\n\n\n<p>\u201cThe numbers speak for themselves,\u201d said Paul Umbach, EdD, founder of Tripp Umbach. \u201cSince 2015, the University of Nebraska\u2019s economic impact has grown by 64%, far outpacing the state\u2019s overall economic growth of just 24%. What\u2019s remarkable is that NU isn\u2019t just keeping pace\u2014it\u2019s leading the way in job creation, workforce training, research and innovation.\u201d<\/p>\n\n\n\n<p>Dr. Umbach, who has worked with over a thousand institutions across the nation and around the world, noted that compared to other universities, the University of Nebraska stands out. While many institutions\u2019 economic impact has plateaued, the University of Nebraska\u2019s trajectory of impact continues to grow, said Dr. Umbach.<\/p>\n\n\n\n<p>\u201cPer capita, the University of Nebraska does more to impact its state than any other university in America,\u201d Dr. Umbach said.<\/p>\n\n\n\n<p>By campus, UNL has an annual economic impact of $3.1 billion; UNMC of $1.6 billion; UNO of $1 billion; and UNK of $446.5 million. These impacts are felt not just in the communities in which each campus is located, but all across the state, bolstered by Nebraska Extension\u2019s annual economic impact of $132.3 million and the Nebraska College of Technical Agriculture\u2019s impact of $25.5 million.<\/p>\n\n\n\n<p>Beyond dollars and cents, the university\u2019s graduates strengthen communities. \u201cCollege graduates are more likely to be employed, volunteer, contribute philanthropically, and participate in civic life,\u201d Dr. Gold said. \u201cThat social return is just as important as our economic impact.\u201d<\/p>\n\n\n\n<p>Hudl, which was founded by University of Nebraska\u2013Lincoln undergraduate students and has since grown into a global company, embodies NU\u2019s impact by employing top graduates and attracting elite talent to Nebraska.<\/p>\n\n\n\n<p>Brian Kaiser, Hudl\u2019s cofounder and chief technology officer, said the university has been instrumental in Hudl\u2019s success since the very beginning.<\/p>\n\n\n\n<p>Kaiser was a student in the Jeffrey S. Raikes School of Computer Science and Management, along with David Graff and John Wirtz, when they founded Hudl in 2006. It wasn\u2019t just the classes they took or the excellent program they were part of that set their fledgling business up for success, Kaiser said. It was also the relationships, the support and the mentoring they received during their University of Nebraska experience. Today, many top NU graduates go onto careers at Hudl, he said, and strong partnerships with the university, as well as a robust internship program, provide hands-on opportunities for students from NU and around the globe.<\/p>\n\n\n\n<p>One of those students was Sierra Futterman. An out-of-state student, Futterman followed her brother to the University of Nebraska\u2014Lincoln, and over the course of her college career had internships at Penlink, a Lincoln-based security company, and the University of Nebraska\u2019s National Strategic Research Institute. She also worked with Hudl as part of her capstone project in the Raikes School. That capstone project led to a job as a Hudl software engineer.<\/p>\n\n\n\n<p>\u201cIt shaped my career,\u201d she said.<\/p>\n\n\n\n<p>Her brother, meanwhile, accepted a position with Ameritas, another Lincoln business. Eventually, her parents moved to Nebraska, too.<\/p>\n\n\n\n<p>\u201cNow the whole family is together because of the university,\u201d she said.<\/p>\n\n\n\n<p>Those are the kinds of impacts \u2013 quality of life, ability to live close to family, the unique culture and connectedness of Nebraska and Nebraskans \u2013 that a report can\u2019t capture, Dr. Umbach said. Yet they\u2019re important.<\/p>\n\n\n\n<p>Kaiser agreed. Part of what he loves about Hudl is its location in Lincoln. And he has no plans to move.<\/p>\n\n\n\n<p>\u201cWe\u2019re proud to be here, and we\u2019re excited to grow with the state, grow with the city, and grow with the University,\u201d Kaiser said.<\/p>\n\n\n\n<p>As Nebraska faces an evolving economic landscape, continued investment in the University of Nebraska remains crucial, Dr. Gold said.<\/p>\n\n\n\n<p>\u201cThis report provides clear evidence that NU is a catalyst for growth,\u201d he said. \u201cThe university\u2019s impact reaches every county, every industry, and every Nebraskan.\u201d<\/p>\n\n\n\n<p><a href=\"https:\/\/nebraska.edu\/economic-impact\">See more information on the university\u2019s economic impact and view the full report<\/a>. To see what various community, business and industry leaders are saying about the report, click&nbsp;<a href=\"https:\/\/nebraska.edu\/-\/media\/projects\/unca\/economic-impact\/what-they-are-saying-nu-economic-impact.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>Report shows scope of positive economic  impact university has on state.<\/p>\n","protected":false},"author":27,"featured_media":114633,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"98239,50290,70882,44430,63574,67565","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-119360","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","topic-community","department-business-and-finance","department-unmc-today-todays-headlines","author_override-university-of-nebraska"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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