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: Philadelphia Officials Begin Clearing Homeless Encampment Near Reading Terminal Market
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: Two Delaware County School Districts Opening Vaccination Clinics For Students Ages 16 Or Older
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: Trenton Officials Making Sure People With Mobility Issues Receive COVID-19 Vaccine
Rowan University, which is located in Glassboro, was recently ranked second in the country for “social mobility.”