Tulane University is a top-ranked research and higher education institution, founded on a mission that integrates education and research with both intellectual pursuits and community-based initiatives. The University is deeply rooted within Louisiana and the New Orleans region and encourages its students, faculty, and researchers to use their knowledge, skills, and discoveries to address local, national, and global challenges.
Tulane employs over 8,000 individuals, representing teaching, administrative, research, and support staff in its two major locations (Uptown and Downtown Campuses), as well as the Tulane National Primate Research Center and Tulane Medical Center hospitals (see Figure 2.1). Employee compensation, totaling over $633 million, represents a significant portion of Tulane’s overall budget, which has spillover effects at each geographic level, stimulating the local economy and supporting a higher level of employment across multiple industries. The University’s procurement activities also support local jobs; for example, outside contracts for campus food and custodial services supports more than 500 additional employees in the region.
The average property tax payment in Orleans Parish is about $2,000, which multiplied by the approximately 4,000 University employees who live within Orleans Parish would represent about $8 million in local property taxes paid per year.
Tulane University has approximately 140,000 alumni who now live all around the world; notably, many have stayed in Louisiana and in New Orleans itself. The 18,500 graduates living and working in Louisiana are estimated to earn $421 million more in income each year as a result of their Tulane University education. This translates into an additional $382 million in economic impact within the Louisiana economy annually, supporting 3,400 additional jobs throughout the state. It also creates a critical mass of educated workers who provide further enrichment to the state economy.
Tulane’s student body is geographically diverse, with over 75 percent of current students originating from areas outside of Louisiana, while 5 percent of fall 2018 admitted class is international. In addition to drawing students into the region, the University attracts national and international visitors, who often spend multiple days in the region, supporting local merchants through food and beverage, retail, and lodging spending. In aggregate, the economic impact of ancillary spending by students and their visitors is $279 million in total output within the state of Louisiana, supporting 1,820 jobs and generating $4.5 million in State tax revenues each year.
Tulane’s student body is geographically diverse, with over 75 percent of current students originating from areas outside of Louisiana, while 5 percent of fall 2018 admitted class is international. In addition to drawing students into the region, the University attracts national and international visitors, who often spend multiple days in the region, supporting local merchants through food and beverage, retail, and lodging spending. In aggregate, the economic impact of ancillary spending by students and their visitors is $279 million in total output within the state of Louisiana, supporting 1,820 jobs and generating $4.5 million in State tax revenues each year.
