The University of Miami reports that it adds $6 billion to the South Florida economy.
That amounts to the same as hosting a Super Bowl every three weeks, The Miami Herald reports.
UM?s economic impact was revealed in a Bendixen Amandi International study that the university commissioned, according to a news release. The group analyzed detailed data provided by the university in various fiscal 2011 financial reports and applied it to an economic input-output model to extrapolate total impact.
The economic impact study comes after UM cut 800 workers at its Leonard M. Miller School of Medicine.
The private, nonprofit university suffered a $240.5 million loss for the fiscal year ended May 31, compared to a profit of $215.5 million in the previous year, according to financial statements released to its bondholders.
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Source: http://feedproxy.google.com/~r/vertical_26/~3/_kiIXRGpJf8/um-reports-it-adds-6b-to-local.html
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