The Federation of Independent Illinois Colleges and Universities (FIICU) provides this online tool to show estimated statewide and Illinois Economic Development Region impact.
These estimates are of overall economic impact, jobs created, and tax revenue generated to the state of Illinois and the federal government. This calculator also provides capital expenditure and alumni impact data. These figures are available by the total FIICU sector and by individual institution. This calculator allows you to model the effects of updated input values (e.g. capital expenditure amount) on economic outcomes. In this way, the calculator allows for refinement to the numbers representing the different economic analysis levels (i.e. the state and the region).
*Please note, for charts to update, you must click update.
METHODOLOGY
Input-Output Analysis has served as a primary tool for tracing the economic linkages between various economic sectors and whole communities since the 1930’s. This study utilized input-output analysis to show direct, indirect and induced industry output and employment as a result of institutional E&G (Education and General) expenditures, construction, independent operations, related student expenditures and visitor activity.
