GLASSBORO, NJ (CBS) – A South Jersey university is making a major economic impact on the state.
That’s according to a new study commissioned by the university and conducted by Econsult Solutions, Inc.READ MORE: Several People Injured After Tree Falls On Top Of Them In Fairmount Park Near Mann Center In West Philly
The research, which considered Rowan’s $440 million operating budget the school’s main economic driver, found that the university has an annual statewide economic impact of $1.23 billion and supports more than 9,000 jobs for New Jersey.READ MORE: Senate Passes Democrats' Sweeping Health Care And Climate Bill
Rowan also generates $19 million in state taxes.
The Econsult study also predicts the school’s budget could surpass $1 billion by 2023.MORE NEWS: Pete Rose Dismisses Sexual Misconduct Questions At Phillies' Alumni Weekend
Rowan University, which is located in Glassboro, was recently ranked second in the country for “social mobility.”