• UW’s economic contributions drive growth and opportunity across Wyoming

The University of Wyoming (UW) has emerged as a critical economic engine for the state, significantly boosting its economy over the past decade. A recent report from UW reveals that the institution supports nearly 14,700 jobs and adds over $720 million in value annually. This impressive contribution has grown from 0.3% of the gross state product (GSP) in the 2013-14 fiscal year to 1.8% in 2022-23.

Chad Baldwin, Associate VP of Communications at UW, emphasized during a Weekday Wake-Up Call on Wednesday, November 20, the broad economic impact of the university: “All of our students would have to go somewhere else to get their four-year degrees and higher. There is an economic impact on all the research money we bring in, all the non-resident students who come in, and then the businesses that start up and the research that is done here.”

“Our total contribution to the state is $1.36 billion and that is 2.3% of the gross state product,” Baldwin stated. This figure includes the earnings of UW alumni living in the state, which amount to approximately $394 million annually, generating a value-added impact of $640 million. This report underscores that UW is more than just an educational institution; it is a vital partner in Wyoming’s economic development.

“It is something for folks to consider, we are an economic engine,” Baldwin concluded, highlighting the importance of the university’s role in the state’s growth and sustainability. For more details, the full report is available on UW’s website.