For the majority of Alabama entities and organizations, the COVID pandemic was a time of increased financial hardship.
It does appear, however, that one institution within the state not only weathered most of the effects of COVID, but came close to breaking records in spite of it.
The University of Alabama announced this week it had a near-record state economic impact of $2.948 billion during the 2020-21 academic year. The school had a $15.47 impact per dollar appropriated by the state to the University, according to the latest UA economic impact report.
“The University of Alabama isn’t just shaping minds; it’s shaping economies and futures,” said UA President Stuart R. Bell. “Our strategic focus goes beyond traditional education, reaching into the realms of research, service, and outreach programs.
“We’re not just contributing to the state; we’re creating a legacy of innovation and success through our graduates and the dedicated efforts of our faculty and staff.”
Dr. Samuel Addy, associate dean for economic development outreach, echoed Bell’s sentiments and also noted the value of a degree from the university.
“The UA education is worthwhile and prudent from both public and private investment perspectives for the state of Alabama and the University’s students,” said Addy. “UA delivers tangible and intangible benefits to its graduates and the state, with positive spillovers to the nation and the world.”
Demonstrating further resilience, the 2020 UA football season generated a $134.5 million impact on the state.
In fall 2020, UA also had an increase in the number of in-state undergraduate students and set a then-record for graduate school enrollment.
Austen Shipley is a staff writer for Yellowhammer News.
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