Tulane-University-EIS-Report-2019-08-22-Final

Background and Introduction

Purpose of Report

Tulane University, a leading research institution, is committed to blending education and research with community engagement Located in New Orleans, the university empowers students, faculty, and researchers to apply their expertise to tackle challenges at local, national, and global levels.

This report aims to define the unique mission and goals of the institution in terms of its economic and social impact It quantifies these impacts at local, regional, and statewide levels, reflecting the University’s current contributions and its potential future role as a positive force The findings underscore the significance of the University as a higher education institution for its immediate community, the New Orleans region, and society at large.

Higher education is currently facing significant disruption and scrutiny concerning the value of college degrees and their return on investment for students and communities Despite these challenges, higher education remains crucial for economic competitiveness at both regional and national levels, as well as for fostering a just society This report highlights Tulane University's value proposition and its vital role in promoting scientific, cultural, and social understanding for the benefit of the community and society as a whole.

This report assesses the economic impact of Tulane University, focusing on its annual operations, capital investments, and the spending by students and visitors, alongside the additional earnings potential for graduates It evaluates these effects for the entire university, Tulane University Athletics, and the Tulane Medical Center Furthermore, the report highlights Tulane's contributions to local engagement, scholarship, innovative research, and entrepreneurship, demonstrating how these efforts bolster the Greater New Orleans region and enhance its economy.

About Tulane University

Tulane University traces its roots to the 1834 founding of the

The Medical College of Louisiana in New Orleans aimed to address the severe effects of diseases brought into the city via the Port of New Orleans through comprehensive research and study In 1847, it evolved into a fully recognized public university, enhancing its commitment to medical education and public health.

University of Louisiana—complete with a law department

In 1884, New Orleans businessman Paul Tulane donated over $1 million for the establishment of Gibson Hall, the first academic building on the Tulane Uptown Campus, aimed at promoting intellectual, moral, and industrial education This generous gift led to the creation of a trust to manage the funds, which ultimately took control of the University of Louisiana, resulting in the formation of Tulane University of Louisiana and initiating a significant expansion.

1885 Tulane formed its Graduate Division; in 1886, with gifts from benefactor Josephine Louise

Newcomb College for Women was established as part of Tulane University's expansion in the early 20th century, which emphasized research, service, and a unique New Orleans identity.

Under the leadership of President Michael Fitts, Tulane University has reinforced its dedication to service and research by prioritizing interdisciplinary education and collaboration To enhance the undergraduate experience, Fitts has initiated a comprehensive capital improvements program that expands Tulane's facilities and supports future growth These efforts have solidified the university's position as a leader in national education and research With a diverse community of 14,000 students and 4,100 staff across 10 schools, Tulane continues to uphold its founding principles of research and service, making a significant economic and social impact locally, regionally, and globally.

Framing Tulane as an Economic Impact Engine for the City and State

Tulane University, a not-for-profit institution dedicated to education, research, medical care, and service, plays a crucial role as an economic engine for New Orleans and Louisiana As a major employer in the region, Tulane enhances the area's competitiveness by attracting talent and fostering partnerships with businesses drawn to its esteemed reputation The University’s significant economic impact is evident through its contributions to the local economy and workforce development.

Tulane University, as one of the largest employers in the region, wields considerable influence through its substantial operating budget and purchasing power This positions the institution as a key player in the local economy, significantly impacting local vendors by procuring a wide range of goods and services.

Tulane University stands out for its vibrant community, characterized by the enthusiasm of its students, faculty, and staff This passionate environment enhances the educational experience, making it both rigorous and comprehensive At Tulane, you will not only receive a challenging education but also undergo a transformative learning journey that is unparalleled anywhere else.

—Michael Fitts, President of Tulane University

Tulane University significantly contributes to the local economy by attracting a diverse array of visitors, including out-of-town students, their families, patients and caregivers, as well as athletic participants and spectators This influx not only brings in research funding but also stimulates financial growth in the region.

Tulane University prioritizes interdisciplinary research and education, fostering knowledge that significantly influences the region and beyond By attracting and developing talented individuals, Tulane enhances the local workforce and stimulates economic growth, as graduates often remain in the area, contributing to a more robust economy and increased opportunities.

The University collaborates with local organizations and government entities to drive workforce and economic development, initiating significant capital projects that create economic opportunities for the construction industry and its related sectors.

The economic impact of the University is substantial, contributing significantly to the local, regional, and state economy while positioning itself as a future economic engine As a major employer and purchaser of goods and services, the University creates a direct economic footprint and lays the groundwork for ongoing influence Its ability to attract spending from students, patients, visitors, and athletic participants boosts local businesses, enhancing New Orleans as a vibrant economic destination Additionally, the University provides a wage premium to its graduates, increasing household income and fostering a competitive labor market and innovation hub Overall, the University is not only making a significant impact on the current regional economy but also ensuring sustained competitiveness and vitality for the future.

Broader Community, Regional, and Societal Impacts

Tulane University serves as a values-driven institution of higher education, transcending its role as a regional economic engine While it generates jobs and tax revenues, its influence extends to broader community, regional, and societal impacts that are not easily quantifiable As a leading institution that emphasizes the intersection of knowledge and real-world application, Tulane's contributions are significant and multifaceted.

Tulane University is deeply committed to its founding ethos of service, recognizing its responsibility as an anchor institution The university invests substantial resources to benefit and actively engage with the surrounding community, reinforcing its dedication to making a positive impact.

Tulane and the Medical Center play a vital role in the local community by delivering essential medical services while also conducting significant scientific research This research not only enhances healthcare outcomes but also generates intellectual property for commercial opportunities and contributes to the advancement of human knowledge.

 Regional partnerships: By investing in partnerships with a wide range of stakeholders, Tulane strengthens the region’s competitiveness through workforce development and entrepreneurial support

The University’s academic initiatives play a vital role in promoting global well-being by advancing knowledge in critical areas, including coastal ecosystems and infectious diseases, which are essential for addressing societal challenges.

Organization of Report

The chapters in this report are sequenced to highlight the interconnectivity of Tulane’s economic and social impact work

Tulane University significantly influences the local economy, serving as one of the largest employers and purchasers of goods and services in the region, as detailed in Section 2 of the report.

The spending associated with the University generates significant economic spillover effects in the New Orleans area, as it leads to increased expenditures by individuals who earn their incomes directly or indirectly from the institution.

The second economic impact examined is from the result of the capital investments made by the

Tulane University is dedicated to enhancing its campus through a comprehensive development program that features new construction, renovations, and extensive repairs This initiative aligns with President Fitts' vision of fostering a dynamic atmosphere for interdisciplinary scholarship and research, while also ensuring that the campus remains an inviting resource for the surrounding community.

Tulane University significantly boosts the local economy by attracting students and visitors from across the U.S and around the globe Their expenditures contribute additional revenue to the regional economy, benefiting a diverse array of businesses and industries This economic impact can be categorized into three main sources: spending by students and their visitors, spending by patients and their families at the Medical Center, and ancillary spending related to Tulane's Athletic programs.

Tulane University fosters a rigorous and open learning environment through its dedication to research, service, and academic excellence This commitment not only prepares graduates for success but also enhances their earning potential, particularly for those who remain in the region The phenomenon known as the wage premium indicates that Tulane alumni significantly contribute to local and state economies by increasing household earnings.

The Class of 2019 includes over 3,000 candidates from all 50 states and over 50 countries

Tulane River and Coastal Center is a recent capital investment for the University

Section 8 explores Tulane’s broadening engagement with the New Orleans region and beyond

Tulane University’s significant operational presence allows its students, faculty, and staff to engage deeply with their communities This strong commitment to community engagement, coupled with a deep-rooted connection to New Orleans, fosters a synergistic relationship that enhances both the university and the local area.

In today's globalized and interconnected economy, competition between regions is at an all-time high A city's ability to attract top talent and employers largely depends on its access to high-quality educational and research institutions This article will explore how Tulane University contributes to enhancing New Orleans' competitiveness and establishing a strong economic foundation for the future.

Section 10 will examine the significant societal impacts of the University, highlighting its groundbreaking research that enhances the quality of life for millions and its role in providing educational and economic opportunities to marginalized communities The diverse nature of Tulane University amplifies these potential benefits, underscoring the vital importance of higher education as a sector deserving of preservation and growth.

The report concludes by summarizing Tulane University's significant economic impact, which encompasses its operational activities, capital investments, ancillary spending, and the wage premium for local alumni It highlights how various economic and social impact categories collectively reinforce Tulane's role as a vital collaborative partner in fostering a robust and innovative economy in the New Orleans region and the State of Louisiana, both now and in the future.

Overview of Report Scope and Methodology

Econsult Solutions, Inc (ESI) utilizes established economic modeling techniques to assess the direct economic impact of Tulane University, converting this data into total economic output, job creation, earnings, and tax revenue effects Detailed descriptions of the methodology and approach used in this analysis can be found in the report's appendices.

Tulane has compiled and verified data on institutional activity, enhancing it with additional public data sources and necessary assumptions The analysis utilizes the most recent and relevant datasets for each input, averaging capital investment activity over several years to reflect typical annual levels Consequently, the findings represent Tulane's current annualized activity rather than the impact of a specific fiscal year.

The economic impacts of Tulane University encompass direct spending by the institution, its students, visitors, and alumni, as well as the subsequent spillover effects of this activity Each dollar spent generates indirect impacts through local purchases and induced impacts from labor income, creating multiple waves of economic activity within the region To quantify these effects, ESI employs IMPLAN modeling software, which estimates both indirect and induced impacts, ultimately combining them with direct expenditures to provide a comprehensive overview of Tulane's total economic contributions.

Economic impacts in this report are calculated at four concentric geographic levels (See Figure 1.1):

New Orleans, coterminous with Orleans Parish, serves as a focal point for understanding the direct activities on campus and their significant impacts on the local economy This geography captures not only the immediate effects but also the indirect and induced economic influences that extend throughout the City of New Orleans.

The New Orleans-Metairie Metropolitan Statistical Area (MSA) encompasses Jefferson, Orleans, Plaquemines, St Bernard, St Charles, St John the Baptist, St Tammany, and St James parishes, highlighting the region's interconnectedness Tulane University plays a pivotal role in the economic landscape of this area, underscoring its significance to the collective prosperity of the community.

The tax revenue impacts for the City of New Orleans and the State of Louisiana are analyzed, highlighting that although the city's economy operates within the state’s framework, they are distinct governmental entities with unique tax bases Consequently, the fiscal effects on both the City and State are cumulative.

Impact from Operations

Section Overview

Tulane University’s most obvious and direct impact on the

New Orleans economy and beyond is through its continuing and growing operational presence This is true for the entire

University, inclusive of Tulane University Athletics, as well as the Tulane Medical Center These operations support the

Tulane University is dedicated to developing future leaders through its commitment to scholarship, research, and community service The university's daily operations not only enhance its academic mission but also serve as a vital economic engine for the city, region, and state.

Tulane University serves as a vital anchor institution, significantly contributing to the local and regional economy through the procurement of goods and services from local vendors and the employment of faculty and staff This local economic activity generates positive spillover effects, bolstering employment and tax revenue in New Orleans Overall, Tulane's operations have a substantial economic impact in Louisiana, exceeding $2 billion in total output, supporting over 13,310 jobs, and generating more than $41 million in state tax revenues annually This analysis delineates the economic and tax revenue effects of Tulane's activities, focusing on Athletics, the Medical Center, and the University itself.

Direct Footprint

Tulane University’s annual operations encompass its core functions in education, research, and service across various entities, including Tulane Athletics and Tulane Medical Center With over 8,000 employees across its Uptown and Downtown campuses, as well as the Tulane National Primate Research Center and Tulane Medical Center hospitals, Tulane’s employee compensation exceeds $633 million, significantly impacting its overall budget This financial investment not only stimulates the local economy but also enhances employment opportunities across multiple industries Additionally, Tulane's procurement activities, such as contracts for campus food and custodial services, create over 500 local jobs, further contributing to regional economic growth.

Tulane’s uptown campus footprint encompasses

Figure 2.1: Tulane University Campus and Hospital Locations

Source: Tulane University (2019), ArcGIS (2019), Mapbox (2019)

Tulane University's operating expenditures for FY 2019 are projected to reach nearly $1.5 billion, establishing it as a significant economic force in New Orleans and the broader region To assess the direct, indirect, and induced economic impacts, it is crucial to analyze the annual expenditure levels and their distribution across various locations, as the economic influence is primarily determined by the locality of the spending For instance, expenditures made at Louisiana-based businesses will positively affect the state's economy, while spending in neighboring states like Mississippi or Texas will not contribute meaningfully to Louisiana's economic growth.

To achieve this, it is essential to deduct budgetary items that do not lead to direct spending or are recorded in other accounts For example, Tulane’s fiscal year 2019 budget incorporated expenses related to the Affiliated Hospital.

Agreements and Medical Practice These were excluded from the model, as they are already accounted for in Tulane Medical Center’s operating budget, $548 million

Incorporating various factors leads to the calculation of remaining operating expenditures that benefit the local economy in each region These expenditures are essential for modeling the total direct, indirect, and induced economic impacts In FY 2019, the modelable portion of Tulane’s annual operating budget reached $1.34 billion, with approximately $229 million allocated to facilities outside Orleans Parish, including the Tulane National Primate Research Center, Tulane Lakeside Hospital, and Lakeview Medical Regional Center Consequently, the direct modelable operating budget for New Orleans stands at $1.11 billion.

Figure 2.2: Summary of Tulane University Annual Operating Expenditures

Included in Model Operating Category

Govt Grants & Contracts Yes University $151 $151

Affiliated Hospital Agreements No University $36 $0

Medical Practice Related No University $148 $0

Instruction & Academic Support Yes University $220 $220

Voluntary Separation Plan Yes University $0 $0

Operation & Maintenance/Plant Funds Yes University $100 $100

Athletics Yes Tulane University Athletics $2 $2

Tulane Hospital Operating Expenses Yes Tulane Medical Center $548 $548

Total for Tulane University Athletics $30 $30

Total for Tulane Medical Center $548 $548

Source: Tulane University (2019), Econsult Solutions, Inc (2019)

Economic Impact

Tulane University's direct operational spending significantly stimulates the regional economy, fostering business growth and enhancing employment across various industries The total economic impact encompasses direct expenditures by the university, along with indirect effects from spending with a diverse range of suppliers and induced impacts from Tulane employees using their wages in local communities As spending recirculates, both indirect and induced impacts increase at each geographical level, leading to a larger multiplier effect and greater overall economic benefits Annually, this comprehensive economic impact is substantial, as illustrated in Figure 2.3.

 $1.76 billion in total output within New Orleans, supporting 10,100 direct, indirect, and induced jobs and $722 million in earnings;

 $2.28 billion in total output within the larger New Orleans MSA, supporting 13,110 direct, indirect, and induced jobs and $875 million in earnings;

 $2.30 billion in total output within Louisiana, supporting 13,310 direct, indirect, and induced jobs and $881 million in earnings

Figure 2.3: Annual Economic Impact of Tulane Operations within New Orleans, New Orleans MSA, andLouisiana 1

Source: Tulane University (2019), IMPLAN (2015), Econsult Solutions, Inc (2019)

Industry Distribution of Economic Impact

Tulane University significantly influences both local and state economies through its daily operations, which include purchasing goods and services from local vendors and utilizing the labor income it generates These activities create a ripple effect across various sectors, highlighting the university's role as a key economic driver in the community.

The direct effects of educational services, athletics, and health services significantly influence their respective industries, while indirect and induced impacts extend benefits to various other sectors, particularly health care, social assistance, administrative services, and real estate Notably, industries beyond education, athletics, and hospitals account for 43 percent of the total employment impact in Louisiana.

(see Figure 2.4) An example of these supported spillover jobs is the local employment SODEXO supports—more than 500 food service and custodial jobs throughout Tulane’s campuses

1 For a detailed break out of the economic impacts of the University, Tulane Athletics, and Tulane Medical Center, refer to Appendix A.2

Louisiana Lab Repair Service, Inc is a trusted, family-owned business with over seventy years of experience in repairing lab equipment for Tulane University Their reputable services are in high demand, fostering strong relationships between Tulane and local enterprises This collaboration not only supports the local economy but also enhances the capabilities of the business community in the area.

Figure 2.4: Industry Distribution of Employment Generated by Tulane’s Operations within the State of Louisiana

Source: IMPLAN (2015), Piktochart (2019), Econsult Solutions, Inc (2019)

Local and State Tax Revenue Impact

Tulane University, as a non-profit institution, significantly contributes to the local and state economies through its operations By employing faculty and staff, Tulane directly boosts taxable income, while also enhancing tax bases indirectly through the spending of its vendors and employees.

Tulane University's operations contribute approximately $41.6 million annually to Louisiana's economy through personal income, sales, and business income tax revenues Although the University does not directly generate sales tax, its activities enhance the New Orleans tax base by fostering economic growth in the region.

Roxanne Johnson, MSPH, earned her Master of

Science in Public Health while working as the

The Director of the Human Research Protection Office collaborates with the Institutional Review Board (IRB) to safeguard the safety and well-being of human participants in research studies at Tulane University, highlighting the significant local impact of their efforts.

Tulane’s operations, as a major employer that also supports local households

Will Ferbos serves as Assistant Vice President and

Deputy Chief of Staff in the Office of the President

Starting his career in 2007 as a legal assistant at Tulane Law School, he advanced professionally while benefiting from the university's educational programs He took advantage of the tuition waiver program, earning his BA from Tulane’s School of Professional Advancement in 2015, and is set to complete his MBA from the Freeman School of Business in 2020.

Tulane University's operations significantly benefit the City of New Orleans, generating $4.4 million in economic impact This figure includes approximately $15.5 million in state withholding tax paid directly by Tulane employees, contributing to a total income tax generation of $19.7 million Additionally, Tulane contributes $6.1 million in direct state tax payments, further enhancing its financial impact on the local economy.

$5.7 million went to the Louisiana Patient’s Compensation Fund (see Figure 2.5)

Figure 2.5: Estimated Annual Tax Revenue Impact from Tulane University Annual Operations to the State of Louisiana (in $M)

Tax Type City of New Orleans State of Louisiana

Source: Bureau of Governmental Research (2019), Louisiana Department of Revenue (2019), IMPLAN (2015), Econsult Solutions, Inc (2019)

*Totals may not sum due to rounding

The tax revenue impacts related to the University encompass its role as an employer and purchaser of goods and services, influencing state income tax, local and state sales tax, and state business tax However, these figures do not account for the additional local tax revenues generated from property taxes paid by some of Tulane's operations and its employees residing in New Orleans With an average property tax payment of around $2,000 in Orleans Parish, the approximately 4,000 University employees living in the area contribute about $8 million annually in local property taxes.

The Broader Impacts of Tulane’s Operational Footprint

Tulane University is known as a premier education and research institution, renowned for its interdisciplinary educational mission, far-reaching service initiatives, and distinctive medical program

And while those functions alone play important roles in the economy, its role as an economic engine must also be emphasized The

Tulane University generates $2.3 billion in annual economic activity in Louisiana, acting as a vital anchor institution that bolsters the local community With over 8,000 direct employees, the university's economic impact supports a total of 13,310 jobs statewide Additionally, Tulane's daily operations benefit a wide network of Louisiana businesses and workers through approximately $131 million in procurement.

2 The additional state tax payments comprise of payments made to multiple state departments, such as the Louisiana Patient’s Compensation Fund, the Department of Health, and the Louisiana Workforce Commission

Tulane University generates over $2 billion in annual economic activity in Louisiana and supports 13,310 jobs, both directly and indirectly This figure reflects the current impact of Tulane, but does not account for its future economic potential As the University invests in capital projects to enhance its educational capacity, conduct important research, and innovate new technologies, the economic implications of its operations are expected to expand significantly.

Tulane University has a substantial economic impact on the state of Louisiana, generating $41.6 million in tax revenues despite its tax-exempt status The university's role as a world-class academic and research institution attracts significant external funding, which bolsters local and state tax bases and supports job creation By drawing outside investment, Tulane enhances the region's economic vitality, contributing not only as a major employer but also through its educational, research, and innovation initiatives that increase regional competitiveness.

Impact from Capital Investments: Page 24

Impact from Capital Investments

Section Overview

Tulane University allocates substantial resources to capital investments that enhance and expand its physical facilities, playing a crucial role in the institution's ongoing success These investments support new initiatives and programs tailored to meet the evolving needs of both current and prospective undergraduate and graduate students, as well as the local New Orleans community.

Tulane University's capital investments not only enhance the campus but also significantly boost the regional economy, creating opportunities for the construction industry and related sectors Annually, these investments contribute $143 million to the state, supporting 730 jobs and generating $1.7 million in state tax revenues By committing to these capital outlays, Tulane demonstrates its stewardship of the community, fostering immediate economic opportunities while establishing a foundation for future growth and sustained economic returns within the local area.

Projects and Investment Footprint

Tulane University, as a key anchor institution in New Orleans, is dedicated to enhancing campus infrastructure to foster a vibrant community of scholars, research, and innovation Recent strategic capital investments reflect Tulane's commitment to strengthening the region's human capital while attracting new voices and businesses These projects align with Tulane's core mission of education, ensuring community accessibility remains a priority Over the past few years, Tulane has consistently invested in its Uptown and Downtown campuses, further advancing its mission in multiple ways.

Mussafer Hall is the new home to academic advising, career programming and success services at Newcomb-Tulane College

With the support of generous donors like Marion and David Mussafer, Tulane University has centralized a comprehensive range of student services for undergraduates in Mussafer Hall, located in the heart of the uptown campus This capital investment not only enhances Tulane's mission but also enriches the academic experiences of its students.

Recent capital projects at Tulane University, such as Mussafer Hall—a 23,000 square foot center for academic advising—and the LEED Gold certified Tulane River and Coastal Center, enhance the institution's academic initiatives and community engagement Mussafer Hall consolidates a variety of student services, while the River and Coastal Center supports cross-institutional research and hosts exhibitions and conferences aligned with the ByWater Institute's mission Additionally, the completion of a new headquarters for the Tulane University Police Department in the downtown medical district underscores the university's commitment to local community support Furthermore, the new Freeman School facility at the New Orleans Culinary & Hospitality Institute (NOCHI) expands opportunities for hospitality entrepreneurship programming, benefiting both NOCHI students and professionals from across the globe.

Over the past five years, Tulane University has made an average annualized capital investment of $82 million, totaling $411 million from Fiscal Years 2015 to 2019.

Figure 3.1: Capital Investments made by Tulane University by Year

A November 2018 ribbon-cutting ceremony marked the opening of the new Tulane University Police Department headquarters in the downtown medical district

Economic Impact from Capital Investments

Tulane University invests an average of $82 million annually in capital projects across Louisiana, encompassing hard construction costs, renovations, equipment purchases, and procurement of materials and services This significant expenditure benefits a diverse array of wholesalers, manufacturers, and professional service providers, as well as construction companies throughout the city and state Additionally, these capital investments enhance Tulane's connection to its campuses, strengthening its presence in New Orleans.

In total, Tulane’s $82 million in annual capital expenditure activity generates (see Figure 3.2):

 $122 million in total annual output within the City of New Orleans, supporting 650 direct, indirect, and induced jobs and $31 million in earnings;

 $139 million in total annual output within the New Orleans MSA, supporting 720 direct, indirect, and induced jobs and $35 million in earnings;

 $143 million in total annual output within the State of Louisiana, supporting 730 direct, indirect, and induced jobs and $36 million in earnings

Figure 3.2: Annual Economic Impact of Tulane Capital Investments within New Orleans, New

Source: IMPLAN (2015), Econsult Solutions, Inc (2019), Tulane University (2019)

Industry Distribution of Economic Impact from Capital Investments

Tulane University’s capital investments generate significant economic impacts across various industries, extending beyond the construction sector, which is the primary beneficiary Key sectors such as retail trade, healthcare and social assistance, professional and technical services, administrative services, and accommodation and food services also experience substantial benefits These advantages arise from both indirect supply chain effects and induced impacts related to labor income, demonstrating the broad economic influence of Tulane's investments.

Figure 3.3 illustrates that nearly 45 percent of the employment impact from Tulane's capital investments in Louisiana occurs in sectors beyond construction This highlights the significant influence of these investments on various industries within the state, demonstrating a broad economic benefit that extends past the construction sector.

Figure 3.3: Industry Distribution of Employment Generated by Tulane University’s Capital

Local and State Tax Revenue Impact from Capital Investments

Tulane University’s annual capital investments play a vital role in boosting tax revenues for both the City and State These direct investments not only create construction jobs but also support local construction firms and their suppliers, leading to increased income, sales, and business taxes for Louisiana Overall, Tulane's capital investments generate approximately $500,000 in tax revenues for the City.

$1.7 million in State tax revenues (see Figure 3.4)

Figure 3.4: Estimated Annual Tax Revenue Impact from Tulane University Capital Investments within New Orleans and the State of Louisiana (in $M)

Source: Bureau of Governmental Research (2019), Louisiana Department of Revenue (2019),

Campus Investments Today Lay the Foundation for Tulane’s Future

Tulane University’s capital investments generate substantial economic activity, contributing $143 million annually to the state economy These investments create significant opportunities for the local construction sector and support employment in various related industries Beyond the economic benefits, which include job creation and increased tax revenues, Tulane’s commitment to its community and its role in New Orleans is also symbolically reinforced through these efforts.

Tulane University's capital expenditures are a strategic investment in its current quality and future growth By upgrading its physical campus, the university enhances its appeal to students, faculty, and researchers, establishing a strong foundation for long-term impact and success.

Capital expenditures significantly enhance the economic vitality of the campus area, driving demand for nearby private investments and fostering long-term economic activity A notable example is the $245 million redevelopment of Charity Hospital, where Tulane's involvement bolsters the local construction sector and related industries Additionally, smaller-scale projects like the New Orleans Culinary & Hospitality Institute benefit from Tulane's programmatic support, demonstrating the university's positive influence in the community However, for a conservative analysis of Tulane's impact, these third-party investments have not been included in the direct construction impact figures.

Charity Hospital is a $245 million project that is set to bring the former Charity

By early 2022, a hospital is set to resume operations, featuring 462 residential units that include both market-rate and workforce housing, alongside Tulane offices, research labs, shops, and restaurants This 20-story building, owned by Louisiana State University, has remained unoccupied since Hurricane Katrina.

Tulane University will be a major anchor tenant, taking 300,000 square feet and further extending its footprint in New

Orleans The reclamation of Charity is of utmost significance to the city of New

Orleans, both as a large-scale development project that will stimulate the local economy and as a show of strength in post-

Katrina New Orleans By signing on to taking space in the building and committing leadership attention to Charity, the

University helped make this important project a reality.

Impact from Ancillary Spending: Students and Visitors

Section Overview

Beyond producing economic impact through its operations,

Tulane also draws outside spending into the region through students and their visitors, patients, and athletic events

This section and the next two describe how these spending categories translate into economic impact, starting with the impact resulting from the spending by students and

University-specific visitors to Tulane and New Orleans enjoy valuable educational and cultural experiences, while also contributing significantly to the local and regional economy through their spending.

A significant portion of student expenditures, including tuition and on-campus housing, contributes to Tulane's annual operations Additionally, students and visitors drawn to Tulane engage in off-campus spending in nearby neighborhoods and the broader region This ancillary spending stimulates the local economy, creating economic opportunities for retail merchants, the food and beverage industry, and the hospitality sector.

Ancillary spending impacts are derived from direct data from Tulane and conservative research-based assumptions to prevent overestimation With over 75% of Tulane's student body coming from outside Louisiana and 5% of the fall 2018 admitted class being international, the University not only attracts students but also national and international visitors who contribute to the local economy through food, retail, and lodging expenditures This spending generates a total economic impact of $279 million in Louisiana, supporting 1,820 jobs and producing $4.5 million in state tax revenue annually As Tulane's presence grows, it is poised to enhance student activities and programs, further increasing out-of-town visitor engagement in the region.

This section focuses on the ancillary spending generated by Tulane University students and their visitors, with further insights provided in Sections 5 and 6 regarding the specific spending patterns associated with Tulane University Athletics and Tulane Medical Center For a detailed understanding of the estimation process and the impact model, please refer to Appendix A.3.

Impact from Ancillary Spending: Students and Visitors: Page 30

Figure 4.1: Geographic Distribution of Tulane Students by Home State

Source: Tulane University (2019), ArcGIS (2019), MapBox (2019)

Ancillary Spending by Students

Students at Tulane University incur various expenses beyond tuition, including transportation, room and board, supplies, books, and entertainment This influx of spending from thousands of students contributes significantly to the New Orleans economy, representing a net import of funds to the region For this analysis, off-campus spending, termed “ancillary,” is essential to consider as it extends beyond direct expenditures on tuition and lodging that benefit Tulane's operational footprint A substantial portion of this ancillary spending occurs within New Orleans, further enhancing the local economy.

 New to the city and state, in the case of students from outside of the state, or

 Retained spending, in that local students may well have attended a university outside of the state (taking their spending power with them) in the absence of Tulane

Tulane University provides a comprehensive annual budget for students, estimating costs at approximately $74,860 for on-campus students and $63,298 for those commuting or living off-campus While the university captures direct payments such as tuition and on-campus rent within its operating budget, ancillary spending is conservatively estimated The economic impact of rent paid by off-campus students in non-Tulane housing is included, whereas the rent of commuting students is excluded, as it would likely remain consistent regardless of their enrollment at Tulane Additionally, the model accounts for extra food and retail purchases made by commuter students, highlighting the broader economic contributions of the student body.

Figure 4.2: Annual Ancillary Spending by Tulane University Students by Student Type

Tulane University students contribute around $243 million annually in ancillary spending, with approximately $163 million benefiting the New Orleans economy, $172 million within the New Orleans MSA, and $172 million across the State of Louisiana This analysis accounts for the shift in consumer behavior, particularly among millennials who increasingly prefer online shopping, leading to a recognition that not all spending occurs within the local area.

Figure 4.3: Aggregate Annual Ancillary Spending by Tulane Students within Tulane, New Orleans, New Orleans MSA, and Louisiana ($M)

Ancillary Spending by Visitors to Tulane

Our research, enhanced by data from Tulane, estimates visitor counts, spending profiles, and distribution, allowing us to calculate the total direct spending by visitors to the University Tulane's diverse student body attracts both national and international visitors, many of whom stay for several days, contributing to the local economy through expenditures on food, beverages, retail, and lodging.

Tulane University draws thousands of national and international visitors to its campus throughout the academic year and summer, significantly contributing to the local economy These visitors enhance employment opportunities and generate tax revenues for both the City of New Orleans and the State of Louisiana.

Thousands of alumni, parents, potential students and their parents, and other visitors come to campus for events and programs hosted at Tulane

To accurately estimate aggregate visitor spending, it is essential to develop distinct spending profiles for various visitor types, acknowledging that each group has a different economic impact By considering factors such as the reason for the visit, trip duration, distance traveled, event type, and visitor age, unique spending behavior patterns were established This analysis focuses on specific visitor types, excluding Tulane Medical Center patients and visitors, as well as Tulane Athletics events, which are addressed separately in Sections 6 and 7.

The Tulane University Band during Wave Weekend; the weekend draws many visitors to campus, including alumni and students’ families

 Each year approximately 14,200 visitors recorded as prospective students or participants in Tulane’s admission access and inclusion programs come to campus to participate in Tulane preview days The

The Office of Undergraduate Admission promotes access and inclusion through programs like the Application Workshop and PreviewTU Multicultural Fly-in, aimed at facilitating college entry and success for diverse and underrepresented groups Many prospective students attend these events with accompanying visitors, such as parents, and a significant number travel from out of state, contributing to the local economy through their spending.

 Because a majority of students live outside of the region, Move-In/Move-Out results in an influx of out of state visitors accompanying traveling students

 Wave Weekend is a celebration that includes homecoming, alumni reunion, and family weekend events In 2018, over 4,500 individuals registered for Wave Weekend events

 Commencement draws family and friends of graduation students In 2013, the Dalai Lama delivered the keynote address to an estimated 30,000 attendees

The projected spending across various categories was analyzed by industry, leading to conservative estimates of ancillary spending occurring in New Orleans, the New Orleans MSA, and the State of Louisiana These estimates focus solely on ancillary spending not included in Tulane's operating budget and are confined to the specified geographic areas.

In 2018, Tulane University's campus attracted around 31,600 visitors, who collectively contributed an estimated $24 million to the City of New Orleans, $26 million to the New Orleans Metropolitan Statistical Area (MSA), and $27 million to the State of Louisiana.

President Fitts joining students at Wave Weekend

Figure 4.4: Aggregate Annual Spending by Tulane University Visitors

Average Daily Spending per Visitor

Tulane University hosts a variety of conferences, symposia, and professional events each year, establishing itself as a key player in academia The university brings together world-renowned experts to share insights and foster connections within their fields Notably, Tulane is recognized for its expertise in admiralty law, attracting hundreds of lawyers, industry representatives, and academics to the biennial Admiralty Law Institute, the oldest and largest continuing legal education program focused on maritime law in the nation since 1965 Recent events have seen participation from over 400 attendees across more than 30 states and 11 countries, highlighting Tulane's significant role in the legal community.

Corporate Law Institute This event generally draws more than 800 judges, lawyers, bankers, and regulators to New

Orleans annually The New York Times has described the event as “the year’s pre-eminent gathering of mergers advisors, a Davos for the deal maker set.” 5

Tulane’s commitment to community engagement helped attract the 2018 International Association for Research on

Service-Learning and Community Engagement Annual

Conference The conference aimed to promote research related to service-learning and community engagement

4 Including the Admission Access and Inclusion program

5 The New York Times Trump Plans Have Deal Makers Dreaming Big ($100-Billion-Cash-Takeover Big 2017 https://www.nytimes.com/2017/04/02/business/dealbook/trump-plans-have-deal-makers-dreaming-big.html

Tulane hosts numerous educational, cultural, and professional events that draw out of town visitors to campus every year, such as the Admiralty Law

Tulane University not only hosts its own events but also attracts major conferences and gatherings organized by external entities, thanks to its influential presence A notable example is the 2018 Rodan + Fields conference held at the New Orleans Ernest N Morial Convention Center, which was connected to Tulane through Dr Kathy Fields, a Tulane alumna and parent of a current student Dr Fields, who is also the founder of Proactiv Solution and Rodan + Fields, previously served as the keynote speaker at the 2016 Women Making Waves leadership conference organized by the Tulane Alumni Association This demonstrates Tulane's convening power across various sectors, leading to significant out-of-town visitation and economic benefits for New Orleans, as events like the Rodan + Fields conference contribute to local spending on hotels, dining, and transportation.

To maintain a conservative approach in assessing the economic impact of Tulane University, the analysis excludes the spending of total visitors, including those attending special conferences and symposia, due to the variability in their numbers from year to year.

However, it is important to note the global draw of these visitors and that they serve as a net import of dollars into the region.

Economic Impact from Student and Visitor Spending

Combined ancillary spending by students and visitors generates significant economic impact, totaling $187 million in New Orleans, $198 million in the New Orleans MSA, and $199 million across Louisiana However, adjustments are necessary to account for spending that exits the region, particularly in retail, where a large portion goes to external manufacturers and wholesalers Consequently, our analysis conservatively estimates local spending at $178 million in New Orleans, $185 million in the MSA, and $186 million statewide, reflecting only the retail margin.

Figure 4.5: Aggregate Ancillary Spending by Tulane Students and Visitors by Geography ($M)

The influx of ancillary spending by students and visitors has a multiplier effect throughout the region, producing the following annual economic impacts (see Figure 4.6):

 $244 million in total output within the New Orleans, supporting 1,560 direct, indirect, and induced jobs and $45 million in earnings;

 $275 million in total output within the New Orleans MSA, supporting 1,800 direct, indirect, and induced jobs and $53 million in earnings; and

 $279 million in total output within the State of Louisiana, supporting 1,820 direct, indirect, and induced jobs and $54 million in earnings

Figure 4.6: Estimated Annual Economic Impact from Tulane Student and Visitor Spending within New Orleans, New Orleans MSA, and Louisiana

Student and visitor spending significantly influences various industries in Louisiana, generating a multiplier effect that benefits additional sectors This financial influx bolsters employment across multiple areas, especially in food and beverage, real estate, and retail trade Tulane University plays a crucial role in attracting and retaining students while drawing numerous visitors through its events, thereby enhancing local job opportunities through this ancillary spending.

Figure 4.7: Industry Distribution of Employment Impact of Tulane Student and Visitor Spending within Louisiana

Source: Tulane University (2019), IMPLAN (2015), Piktochart (2019)

Student and visitor expenditures significantly enhance local and state tax revenues, generating approximately $1 million annually for the City of New Orleans and $5 million for the State of Louisiana This economic impact underscores the vital role that Tulane's community plays in supporting government funding through increased tax bases.

Figure 4.8: Estimated Annual Tax Revenue Impact from Tulane University Student and Visitor Spending to New Orleans and the State of Louisiana ($M)

Student and Visitor Spending Support a Local Retail Ecosystem

Tulane University attracts students not only for its prestigious academic credentials but also for the vibrant culture of New Orleans The influx of students and visitors from outside the region significantly boosts the local economy As a key player in the city's tourism ecosystem, Tulane contributes to economic development, supporting jobs and small businesses in the area.

Tulane students, staff, and visitors play a crucial role in sustaining low-margin businesses in New Orleans, which are vital for the local economy Their demand supports a diverse array of retail and restaurant options, enriching the quality of life for residents This vibrant mix not only benefits current inhabitants but also attracts retirees seeking to enjoy the cultural and educational amenities offered by the University Many of these retirees are introduced to the area through their connections to Tulane, while others are drawn by the unique lifestyle the city provides.

The next two sections explore other examples of how visitors that the University draws into the area generate economic returns for the local, regional, and state economies

One way that Tulane encourages support for local businesses is through the

NOLABuck$ and Splash Cash program One designated vendor, Crepes a la

Cart, a popular restaurant established in 2004 near Tulane University, features a mobile food truck that frequently visits the campus The strong demand from Tulane students, staff, and visitors contributes to the growth of local businesses, enhancing the variety of retail and dining options available to the community.

Impact from Ancillary Spending: Medical Center Patients and Their Visitors

Spending by Patients and Their Visitors

Tulane Medical Center recorded data for 276,300 inpatient and outpatient visits, predominantly from local patients living within 25 miles of its facilities.

Impact from Ancillary Spending: Medical Center Patients and Their Visitors: Page 40

Figure 5.1: Tulane Medical Center Patients and Patient Visitors by Visitor Type

To estimate the total spending of patients and visitors at Tulane Medical Center, we enhanced residential data with research to determine visitor counts and spending profiles Annually, Tulane Medical Center attracts over $560,900 in aggregate ancillary spending from its patients and visitors.

Figure 5.2: Estimated Aggregate Ancillary Spending from Tulane Medical Center Patients and Visitors within New Orleans, New Orleans MSA, and Louisiana

Additional Activity Drawn into Region by Tulane’s Convening Power

Tulane's expertise in key medical fields enhances its leadership role and positively impacts the region's reputation and economy The university's presence attracts researchers, grants, and events, positioning the area as a preferred destination for academic and medical gatherings This influx of activity contributes significantly to the local economy, benefiting hotels, restaurants, and transportation services, although these economic benefits are not included in the following impact calculations.

For example, The Goldring Center for Culinary Medicine hosts the annual Health Meets Food

Conference and showcases leading medical practitioners and celebrity chefs The Goldring Center for

Founded in 2012, Culinary Medicine at Tulane University aims to equip medical students with practical experience in sourcing, planning, and preparing meals Research indicates that physicians with hands-on food preparation skills are more effective in addressing the medical and nutritional needs of their patients.

Economic Impact of Patients’ and Their Visitors’ Spending

Combined ancillary spending by patients and visitors therefore yields $0.4 million in spending within the City of

New Orleans, $0.5 million within the New Orleans MSA, and

In Louisiana, the economic impact of spending $0.5 million requires adjustment, as a portion of this expenditure exits the region, diminishing its multiplier effect on the local economy.

A significant share of retail spending is allocated to manufacturers and wholesalers, predominantly located outside the region Consequently, this report adopts a conservative modeling approach that focuses solely on the retail margin, which is the difference between the retailer's purchase price and the final sales price to customers.

Figure 5.3: Aggregate Ancillary Spending by Tulane Medical Center Patient and Visitors

The influx of ancillary spending by Tulane Medical Center patients and visitors has a multiplier effect throughout the region, producing the following annual economic impacts (see Figure 5.4):

 $0.6 million in total output within the City of New Orleans, supporting 4 direct, indirect, and induced jobs and $0.2 million in earnings;

 $0.8 million in total output within the New Orleans MSA, supporting 5 direct, indirect, and induced jobs and $0.2 million in earnings; and

 $0.8 million in total output within the State of Louisiana, supporting 5 direct, indirect, and induced jobs and $0.2 million in earnings

Figure 5.4: Estimated Annual Economic Impact from Tulane Medical Center Patient and Visitor Spending within New Orleans, New Orleans MSA, and Louisiana

The economic impact discussed here pertains solely to the expenditures of patients and their visitors, as the operational and capital investment contributions of Tulane Medical Center have been addressed earlier It's important to recognize that these spending figures are modest, reflecting the center's primary service to a local patient population The true local benefit of Tulane Medical Center lies not in attracting out-of-town patients, but in delivering essential healthcare services to residents Additionally, this commitment to local patients positions Tulane Medical Center as a key player in clinical trials with corporate partners, thereby indirectly infusing financial resources into the region.

Student and visitor spending significantly influences various industries, generating a multiplier effect that extends to additional sectors This financial influx into New Orleans bolsters employment across multiple fields, especially in food and beverage, real estate, and retail trade Tulane University plays a crucial role in attracting and retaining students while also drawing numerous visitors through its events Consequently, this ancillary spending fosters a diverse array of local job opportunities.

Figure 5.5: Industry Distribution of Employment Impact of Tulane Medical Center Patient and Visitor Spending within Louisiana

Source: Tulane University (2019), IMPLAN (2015), Piktochart (2019)

Patient and visitor expenditures significantly contribute to local and state tax revenues annually, with Tulane's economic impact generating approximately $3,000 for the City of New Orleans and $13,500 for the State of Louisiana each year.

Figure 5.6: Estimated Annual Tax Revenue Impact from Tulane Medical Center Patient and Visitor Spending to New Orleans and the State of Louisiana

Tulane’s Concentration of Health Care Services Improve Local Quality of Life

Tulane Medical Center plays a vital role in promoting health and wellness within the local community, serving as both a primary practice location and a teaching center for the Tulane University School of Medicine It offers advanced healthcare services in the New Orleans area, specializing in infectious diseases, orthopedic surgery, and neurologic oncology As an innovation hub, the Medical Center enhances care quality through initiatives like Robotic Surgery, the Center for Minimally Invasive Surgery, and the Tulane Healthcare Simulation Center Additionally, its commitment to clinical research makes it an appealing partner for clinical trials, providing patients with access to cutting-edge treatments and improved healthcare options.

The Tulane Medical Center plays a crucial role in enhancing regional health and economic wellbeing, primarily serving its immediate community and ensuring that local residents reap the majority of its benefits By providing specialized services that attract patients from beyond the local area, the Medical Center not only generates additional revenue for the region but also bolsters Tulane's reputation as a world-class medical facility This, in turn, elevates the overall standing of the city and surrounding region, highlighting the significant impact of health care on quality of life and economic growth.

Impact from Ancillary Spending: Tulane University Athletics

Section Overview

Tulane University hosts a variety of athletic events annually, drawing in local and out-of-town visitors In the 2018-2019 academic year, the university organized 85 events, attracting over 210,000 attendees, with 65% coming from outside the local area These visitors contribute significantly to the local economy by shopping, dining, and staying in nearby hotels, benefiting the community as a whole.

Visitor spending significantly impacts the local, regional, and state economy, as tourists from outside New Orleans and Louisiana contribute to a net economic influx Their expenditures lead to indirect and induced effects, benefiting local businesses such as stores, restaurants, and hotels, which in turn purchase goods and pay local employees Overall, these visitors are estimated to spend around $23 million, highlighting the importance of tourism for economic growth in the area.

Impact from Ancillary Spending: Tulane University Athletics: Page 46

Spending by Athletics’ Event Attendees and Visiting Teams

Tulane University draws thousands of visitors annually, both during the academic year and summer, contributing significantly to the local New Orleans economy These visitors, including alumni, parents, student-athletes, and sports fans, spend considerable amounts, supporting local employment and generating tax revenues for New Orleans and the state of Louisiana.

Athletics events have economic implications for the New Orleans region and local businesses

Major events at colleges and universities often carry negative perceptions due to their impact on municipal services However, the Tulane University Police Department plays a crucial role in addressing traffic and public safety concerns during these events, sometimes with support from the New Orleans Police Department, which is funded by the University While Tulane bears the costs of hosting large-scale events, the economic advantages are enjoyed by the broader community and region.

Tulane Athletics features a variety of teams, including women's basketball, men's basketball, baseball, volleyball, and football, attracting significant visitor interest to the region During the 2018-2019 season, the university's athletic events drew over 210,000 attendees, contributing to the local and state economies These events not only enhance economic activity but also highlight the importance of football, which has a larger following and a higher spending profile, resulting in its attendance being reported separately.

Figure 6.1: Spectators and Visiting Team Members by Type of Sport and by Visitor Type, 2017-2018 Season

Projected spending across various categories was analyzed by industry, with conservative estimates indicating the share of this ancillary spending occurring in New Orleans, the New Orleans MSA, and the State of Louisiana These estimates, akin to those for student spending outlined in Section 4, focus solely on ancillary expenditures not included in Tulane's operating budget and specifically on the amounts anticipated to be generated within the targeted geographic areas.

The 210,000 attendees of the Athletics event contributed around $21 million to the City of New Orleans, $23 million to the New Orleans Metropolitan Statistical Area (MSA), and $23 million to the overall State of Louisiana.

Figure 6.2: Aggregate Ancillary Spending by Athletic Event Spectators and Visiting Team Members by Geography ($M)

Volume Average Daily Spending Aggregate Spend

Economic Impact from Spending Related to Athletics Events

After accounting for non-modelable retail spending, Tulane Athletics generates $18 million in modelable ancillary spending in New Orleans, $20 million in the New Orleans metropolitan statistical area (MSA), and $20 million across Louisiana.

Figure 6.3: Aggregate Ancillary Spending by Tulane Athletic Event Visitors by Geography ($M)

Ancillary spending resulting from Tulane Athletics events has a multiplier effect throughout the region, producing the following annual economic impacts (see Figure 6.4):

 $26 million in total output within the City of New Orleans, supporting 220 direct, indirect, and induced jobs and $8 million in earnings;

Impact from Ancillary Spending: Tulane University Athletics: Page 48

 $32 million in total output within the State of Louisiana, supporting 270 direct, indirect, and induced jobs and $10 million in earnings

Figure 6.4: Estimated Annual Economic Impact from Tulane Athletic Event Visitors Spending within New Orleans, New Orleans MSA, and Louisiana

Visitors to athletics events significantly boost local industries in New Orleans, creating a multiplier effect that extends to various sectors This influx of spending supports jobs across the state, particularly in food and beverage, transportation, warehousing, and retail trade The ancillary spending from these visitors contributes to a diverse array of local employment opportunities.

Figure 6.5: Industry Distribution of Employment Impact of Tulane Athletic Event Visitors Spending within Louisiana

Visitor and student spending significantly enhances local and state tax revenues, contributing to government budgets annually Specifically, the economic impact of spending associated with athletic events generates approximately $100,000 in tax revenue for the City of New Orleans and around $1 million for the State of Louisiana each year.

Figure 6.6: Estimated Annual Tax Revenue Impact from Tulane University Event Participant

Spending to New Orleans and the State of Louisiana ($M)

6.6 Visitors of Tulane Athletics Events Represent an Import to the Region

In addition to the significant economic impact generated by the roughly 210,000 annual visitors to its events, Tulane

Athletics creates other important benefits for the

University and region, including reputational enhancement, social cohesion, and improved fundraising

Tulane Athletics promotes and enhances the University’s reputation as teams travel throughout the region and country to compete In addition, within the broader

University athletics foster a strong sense of connection and camaraderie among students, faculty, staff, alumni, and the broader community These athletic programs often lead to lifelong friendships formed during undergraduate years, while regional organizations provide vital networking and professional growth opportunities for alumni As a result, university athletics significantly contribute to building a proud and engaged network of supporters who actively give back to their alma mater and the surrounding community.

Tulane University is set to host the 2020 Women’s Final Four and the 2022 Men’s Final Four Basketball Tournaments, which are expected to bring significant economic benefits to the region The 2019 tournaments attracted over 40,000 and 72,000 visitors, respectively, highlighting the events' ability to draw large crowds These major sporting events will increase out-of-town visitors to New Orleans, leading to increased spending at local restaurants, shops, and hotels.

Impact from Wage Premium and Alumni Retention: Page 50

Impact from Wage Premium and Alumni Retention

Section Overview

Tulane produces direct economic impacts through its annual operations and the capital investments made to the campus

The University further generates economic impact through the students, visitors, and patients drawn to the University,

Medical Center, and Athletics events and the resulting spending This section explores yet another gain to the New

Tulane University plays a vital role in enhancing the economies of Orleans and the state by educating and credentialing students By fulfilling its core mission of providing quality education, Tulane equips graduates with the skills needed to thrive in a competitive job market, ultimately boosting their earning potential and expanding their professional opportunities The university's commitment to academic excellence ensures that its alumni are well-prepared for success in their careers.

Tulane’s degree programs—the University is listed 44 th in the 2019 US News & World Report Best

College Rankings with particularly high marks for its undergraduate business program and for its veterans-focused initiatives—the wage premium that the University conveys is particularly notable

This section describes the increased earning potential that Tulane alumni achieve (i.e the wage premium) and quantifies the impact of those additional earnings on the local, regional, and state economies

The established connection between educational attainment and earnings power highlights the wage premium associated with higher education, which is often analyzed from the student's perspective However, this analysis can also reflect the broader economic benefits to cities, metropolitan statistical areas (MSAs), and states Tulane University plays a crucial role by educating and retaining students, which boosts local and regional economies through increased earning potential and higher household incomes This additional income circulates within the community, fostering economic activity, supporting local jobs, and enhancing tax revenues The economic impact of Tulane's graduates translates into increased spending power within the local economy.

The economic impact of Tulane University is significant, with its 18,500 graduates in Louisiana contributing an estimated $421 million in additional income each year This results in an annual economic boost of $382 million for the state, supporting approximately 3,400 jobs Furthermore, the presence of a large, educated workforce enhances the overall economic vitality of Louisiana and New Orleans, highlighting the university's role in fostering regional prosperity.

Young entrepreneurs are drawn to New Orleans, with the city’s per capita startup rate 64 percent higher than the national average

The positive effects of Tulane's expanding capacity through new capital investments are significant for the New Orleans economy As more graduates choose to remain in the region, the benefits of alumni retention will increasingly contribute to the area's economic growth over time.

Direct Wage Premium

Tulane University boasts a significant alumni presence across the United States, with 13,500 living in New Orleans, 11,600 in the surrounding New Orleans MSA, and 5,700 elsewhere in Louisiana It is estimated that 72 percent of Louisiana alumni are employed, leading to an approximate total of 18,500 Tulane graduates currently working with a Bachelor’s or Advanced Degree This includes 8,100 in New Orleans, 7,000 in the New Orleans MSA, and 3,400 in other areas of Louisiana The economic impact of Tulane graduates is evident, as they reside in every parish throughout the state.

Figure 7.1: Geographic Distribution of Tulane Alumni in the Workforce

New Orleans MSA (non- New Orleans)

Working Alumni with Bachelor's degree 7,700 3,400 2,900 1,400

Working Alumni with Advanced Degree 10,800 4,700 4,100 2,000

An increase in earning potential across various geographies can be attributed to higher educational attainment and the associated wage premiums, particularly for Tulane graduates According to federal data, Tulane alumni with a bachelor's degree earn an average annual wage premium of $26,300, while those with advanced degrees earn $16,700 more within Louisiana.

6 This assumption is based on the employment to population ratio reported by the U.S Bureau of Labor Statistics for adults 25 or older with a

Tulane alumni living and working in Louisiana earn an aggregate $421 million more as a result of the education and credential they received from

Figure 7.2: Geographic Distribution of Tulane Alumni in Louisiana

Tulane University degree holders contribute significantly to local economies, as their education and credentials lead to higher earning potential The estimated annual wage premium reflects the additional household income generated by these alumni across various geographic regions, based on their degree levels This aggregate income from Tulane graduates is projected to total approximately [insert amount here].

$187 million within New Orleans, $350 million within the MSA, and $421 million within the State (see Figure 7.3)

Figure 7.3: Aggregate Annual Wage Premium Associated with Tulane Alumni in the Workforce

Economic Impact from Wage Premium

Tulane alumni experience significant wage premiums that not only enhance their personal earnings but also positively impact local economies This increase in income allows alumni to contribute more substantially to their communities, resulting in greater disposable income for local spending Even after accounting for savings, taxes, and external expenditures, Tulane alumni still generate a notable amount of additional spending within their local areas This increased household spending is estimated to produce significant economic benefits on an annual basis.

 $157 million in total output within the City of New Orleans, supporting 1,000 induced jobs and

 $314 million in total output within the New Orleans MSA, supporting 2,000 induced jobs and

 $382 million in total output within the State of Louisiana, supporting 3,400 induced jobs and

Figure 7.4: Annual Economic Impact Attributable to Tulane Wage Premium Effects within Tulane, New Orleans, New Orleans MSA, and Louisiana

Tulane alumni contribute significantly to the regional economy by spending a portion of their additional household income, which supports various industries This spending aligns with typical household expenditures, leading to job creation in sectors such as health care, retail, and food services, driven by the increased aggregate household income of Tulane graduates.

Figure 7.5: Industry Distribution of Employment Impact of Tulane Wage Premium within Louisiana

Tulane University graduates significantly contribute to the economy of New Orleans and Louisiana through increased tax revenue linked to their higher wages This wage premium results in direct personal income tax gains, alongside indirect revenue from business and sales taxes driven by alumni spending Specifically, Tulane alumni generate approximately $800,000 in sales tax within New Orleans and contribute $6.8 million in state income taxes, $3.9 million in sales tax, and $400,000 in state business taxes across Louisiana Overall, Tulane graduates are responsible for a remarkable total of $11.1 million in state tax revenue, highlighting their economic impact on the region.

Figure 7.6: Fiscal Impacts of the Wage Premium Associated with Tulane University in the City of New Orleans and the State of Louisiana (in $ Millions)

Source: Bureau of Governmental Research (2019), Louisiana Department of Revenue (2019), IMPLAN (2015), Econsult Solutions, Inc (2019)

Tulane Alumni Support the Overall Competitiveness of the Region

In today's knowledge-driven economy, the value of human and intellectual capital is paramount, highlighting the critical role of universities and their graduates Tulane University significantly enhances the local and state economy by educating students and providing them with credentials, thereby positively influencing the workforce's composition, educational attainment, and skill levels.

As a result, the impact does not only affect household income in the state but has the long-term effect of making the region more competitive as a whole

Tulane graduates not only earn higher salaries but also contribute to job creation through entrepreneurial efforts and political advocacy As business activity increasingly shifts to areas with a skilled workforce, Tulane University plays a crucial role in enhancing Louisiana's economic vitality by producing educated graduates Moreover, Tulane alumni are making a global impact, elevating the university's and the state's reputation Their success leads to ongoing financial support for Tulane, which in turn bolsters job opportunities and strengthens the tax base in Louisiana.

Tulane University offers a uniquely rigorous and comprehensive education that stands out globally, providing students with a transformative learning experience unlike any other.

Tulane University significantly contributes to the retention of local talent and attracts skilled students from outside the region As it becomes more selective, Tulane enhances its competitiveness in retaining Louisiana’s brightest minds, preventing them from pursuing education elsewhere In today’s global economy, the demand for a talented workforce is crucial for regional success, making Tulane’s role in Louisiana's economic competitiveness increasingly vital The university's commitment to producing and retaining educated alumni will be essential for the future prosperity of New Orleans and the state, as intellectual capital drives innovation, job creation, and the attraction of additional resources and talent.

Jason Rogers Williams (TC ‘94, L ’97), a native of New Orleans, was elected as a Councilmember-at-Large in 2014, working to better the city of New Orleans through community development and advocacy programs

Williams played a pivotal role in New Orleans' Smart City Initiative and championed initiatives for municipal bail reform and funding for early childhood education His work exemplifies the commitment of Tulane alumni to local public service.

Rosalind Peychaud (MSW ’78) served as a state representative for the

From 2002 to 2004, Peychaud served in the Louisiana House of Representatives for District 91, where she played a pivotal role in advocating for neglected neighborhoods as the leader of the New Orleans Neighborhood Development Foundation Her dedicated activism highlights Peychaud as a significant example of a Tulane alumna positively impacting the city of New Orleans.

Sydney Gray, Senior Director of Impact & Operations at Propellor: A Force for Social Innovation, is an accomplished graduate of the Payson Graduate Program in Global Development As the founder of the international nonprofit Mama Maji and a recipient of the 2015 Alvarez Spark Award, Gray has significantly contributed to global change Her leadership at Propellor highlights the importance of social entrepreneurship and exemplifies the impactful service of Tulane University graduates on both local and global scales.

Paul Ballard, a graduate of Tulane University's Freeman School of Business, is the owner of Ballard Brands, which features the beloved PJ’s Coffee in New Orleans As an active investor in the New Orleans and Louisiana communities, Ballard significantly contributes to local economies, leveraging the knowledge and skills he acquired during his education at Tulane.

Will Stoudt (BS ’11) began his career as a founder of Youth Rebuilding New

With a degree from Tulane, Stoudt has significantly advanced YRNO by recruiting over 10,000 youth volunteers to help rebuild hundreds of homes in New Orleans Currently, he serves as the Director of Rebuilding Together New Orleans, where he advocates for the local community and spearheads reinvestment efforts in the region.

Neighborhood Investment and Engagement: Page 58

Neighborhood Investment and Engagement

Section Overview

Tulane University's economic impact is a combination of its operating activities, capital investments, and ancillary spending by students, patients, and visitors, along with the wage premium experienced by alumni Each of these factors plays a vital role in enhancing regional economic activity, illustrating how universities foster vibrant communities and competitive regions This section delves into Tulane’s commitment to community leadership and neighborhood investment, highlighting the engagement of its resources, students, faculty, and staff with New Orleans The university's focus on local involvement stems from its geographical context, creating opportunities for mutually beneficial service and collaboration that not only transform the city and region but also align with Tulane's core institutional mission.

Tulane University plays a vital role as an anchor institution in New Orleans, demonstrating a strong commitment to its local community and the broader region President Fitts highlights the interconnected futures of the University and the area, emphasizing the significance of nurturing partnerships and relationships that Tulane has established with its surrounding neighborhoods.

Tulane University is dedicated to fostering strong connections with local communities, recognizing the mutual benefits that arise from this engagement While the economic impact of Tulane's presence is significant, its influence extends beyond quantifiable metrics, positively shaping the social fabric of surrounding neighborhoods The University not only generates employment opportunities for local residents and businesses but also invests in various initiatives that strengthen community ties.

 Commitment to local opportunity for residents and businesses

 Financial and academic resources to local residents who want to attend the University

 Investment in a campus that provides educational and cultural amenities to the local community

The Tulane Wave of Green Day of Service is one of many service initiatives that Tulane students and staff participate in

 An emphasis on programs and services that support the community and region

 Provision of municipal services and infrastructure around campus

The Growing Importance of Anchor Institutions to Local Quality of Life

Higher education institutions are now acknowledging their responsibility to engage with the communities they inhabit, understanding that their success is tied to the growth and development of their neighbors By moving beyond traditional classroom settings, colleges and universities are committed to fostering opportunities that benefit the broader community, ensuring they remain relevant and impactful in today's educational landscape.

Since its inception, Tulane University has prioritized a mission centered on education and research, while simultaneously emphasizing its dedication to making a meaningful impact on the local community and society at large Unlike many universities that are just beginning to shift their focus, Tulane has long been committed to local investment and direct societal contributions.

Tulane University, known for its commitment to practical scholarship rather than "ivory tower" ideals, has long embraced an engaged campus model Under President Fitts' leadership, the university has intensified its efforts to improve regional quality of life by creating more economic opportunities, expanding access to educational resources, and fostering collaboration within the community.

University’s experts, and community-serving resources.

Local Economic Opportunity

Tulane University plays a significant role in the New Orleans economy by actively investing in local economic opportunities and promoting student and visitor spending at local businesses This commitment reflects Tulane's understanding of its economic footprint and its role in fostering inclusive growth within the region As a major anchor institution, Tulane not only employs local residents but also supports the community by engaging with local merchants through procurement initiatives The University's presence generates a localized economic impact, as employees spend their earnings within the community and contribute to the overall economic vitality of New Orleans.

Tulane University’s motto, "Non sibi, sed suis," translates to "Not for one’s self, but for one’s own," reflecting its dedication to serving the local community This commitment is deeply integrated into the university's values, influencing its mission and activities across the institution.

University’s most essential components is its dedication to

New Orleans and Louisiana as a whole

Neighborhood Investment and Engagement: Page 60 addition, local hiring ensures that tax dollars are invested back into the local economy Tulane

University’s FY 2018 employment data shows that 96 percent of Louisiana-based employees live within New Orleans and the greater New Orleans MSA (see Figure 8.1)

Figure 8.1: Full-Time and Part-Time Employees by Residential Location of Employee, FY 2018

Tulane University acts as a vital anchor institution in New Orleans, significantly contributing to local employment through its various campuses and facilities Each council district in the city features a considerable number of residents employed by Tulane, highlighting its integral role in the community Furthermore, Tulane's influence extends throughout Louisiana, serving as an economic engine that benefits residents statewide who are employed by the university.

Figure 8.2: Full-Time and Part-Time Employees by New Orleans Council District

Figure 8.3: Full-Time and Part-Time Employees by Louisiana Parish

Anchor institutions such as Tulane University play a crucial role in driving economic growth within local communities Their hiring practices significantly influence community economic development, providing a wealth of opportunities for local and diverse businesses Tulane is dedicated to fostering inclusivity and enhancing these economic prospects, demonstrating a strong commitment to supporting the local economy.

Cultivating a robust local business sector is vital for enhancing community economies and benefiting residents Money spent at local businesses tends to circulate longer within the community, as these vendors are more likely to reinvest in other local enterprises Tulane University is dedicated to hiring locally, purchasing from nearby vendors, and transforming on-campus construction projects into economic opportunities for the local community In FY2018, Tulane's spending in Louisiana reached approximately $131.5 million, with around 80 percent of this expenditure occurring within the New Orleans metropolitan area and 51 percent within the city itself This focus on local purchasing not only bolsters economic growth but also promotes health and civic vitality within the region.

Figure 8.4: Procurement by Geography, FY2018

KV Workspace is a high-quality contract furniture dealer that specializes in providing office furniture solutions, and is based in

New Orleans KV Workspace is an example of how Tulane’s direct spending has real impacts in the local economy Tulane’s commitment to sourcing with vendors in

New Orleans allows local small businesses to build capacity, hire staff, and contribute to the local economy and tax base

Scholarship and Aid to Local Residents

Amid growing economic uncertainty and rising inequity, there is increasing frustration with higher education and its societal role As more living-wage jobs require college degrees, access to these degrees remains limited for those lacking financial resources Therefore, it is essential for universities, particularly Tulane University, to prioritize affordability By investing in the education of local residents, Tulane demonstrates its commitment to fostering a thriving New Orleans and promoting a more equitable society The significant scholarships and aid available to Louisiana students highlight Tulane's dedication to accessible education that serves the community Supporting local students through financial assistance and resources is vital for Louisiana to develop and retain its homegrown talent.

The Mayoral Scholarships are granted annually to five exceptional new students who are permanent residents of New Orleans and graduates of local high schools, covering the full duration of their undergraduate studies This initiative aims to nurture and support local talent within the community Additionally, the Focus Louisiana Legislative Scholarship provides full tuition for one year to 144 students, based on nominations from legislators across the state These scholarships are renewable, allowing the same student to receive funding for multiple years.

Tulane University actively promotes local talent by offering a tuition benefits program for its faculty, staff, and their dependents, providing waivers to over 300 employees and 300 dependents annually Furthermore, outstanding local high school students can participate in a concurrent enrollment program, allowing them to take up to two courses at reduced tuition rates aligned with the School of Professional Advancement.

The Newcomb/Tulane College Center for Academic Equity supports underrepresented and non-traditional students, including students of color, LGBTQ individuals, and first-generation college students The Center offers funding for conference and research travel, undergraduate research grants, and experiential education opportunities, while also providing information on external fellowships, grants, and research opportunities for students.

Nagelle Leboyd, ’19, is a recipient of the Legislative Scholarship at Tulane University A New Orleans native,

Nagelle, who majored in Public Health and Theatre, exemplifies a strong work ethic and dedication to service through her involvement with All Saints Church The Legislative Scholarship supports undergraduate students nominated by state legislators, providing essential financial assistance for their academic success Tulane University emphasizes the significance of a college degree in today's knowledge economy and strives to make higher education accessible to qualified students The university's scholarship and aid initiatives for local residents reflect its commitment to inclusivity and affordability in education.

Tulane provided over $50 million in financial aid to Louisiana residents in 2019,

70 percent of which went to residents of New Orleans

Figure 8.5: Total Scholarships and Aid to Local Residents

Source: Tulane University (2019) *Totals may not sum due to rounding

Student Service Initiatives

Tulane University has a rich history of local and regional leadership, showcasing its commitment to community support and engagement through various institutional resources and services Founded by physicians dedicated to combating public health epidemics in mid-19th century New Orleans, Tulane continues to prioritize public health initiatives and community service.

Tulane University is dedicated to fostering a culture of engagement and service within its community, ensuring that all undergraduates participate in community service as part of their curriculum The university's numerous community service and service-learning initiatives reflect a significant investment of resources, demonstrating its commitment to both the local community and the city of New Orleans This dedication not only enhances the educational experience for students but also addresses the most pressing needs of the community, resulting in substantial benefits for local residents.

Tulane University actively enhances the region's quality of life by supporting student service initiatives and fostering connections between its research and learning programs and local organizations Annually, Tulane students contribute over 250,000 hours of service, with the entire university community logging more than 2 million hours in the past decade through various service-learning initiatives, volunteer efforts, and internships Recognized as an engaged campus by the Carnegie Community Engagement Classification, Tulane provides numerous opportunities for civic engagement, reflecting its longstanding commitment to the community This dedication to outreach and resource sharing underscores Tulane's mission of fostering genuine engagement and delivering tangible benefits to the local area.

The Center for Public Service

Established in 2006, the Center for Public Service (CPS) at Tulane University aims to integrate campus resources with community-based research and service initiatives That same year, Tulane became the first major research university to require community service as a prerequisite for undergraduate graduation, reinforcing its dedication to local engagement CPS serves as a vital link between the university's curriculum, faculty, and students, fostering impactful community service activities that benefit both the university and the surrounding community.

CPS has expanded its service activities by establishing numerous community partnerships and enhancing its service-integrated curriculum Each major includes at least one service-learning course, ensuring that nearly every neighborhood in New Orleans can access these educational opportunities Designed collaboratively by faculty and local organizations, these courses connect students with over 160 partner agencies each semester, providing diverse service opportunities from local community groups to large non-profits Tulane stands out as the sole institution offering this extensive service-learning framework.

Carnegie classified University with High Research Activity with a curriculum that requires community engagement, making it unique among its peers

The For the Children (FTC) program exemplifies how CPS links students to service-learning opportunities by offering academic support to numerous students in underperforming public schools in Uptown New Orleans.

FTC is currently at Sophie B Wright and Lawrence D Crocker

College Prep provides student volunteers as reading buddies, academic tutors, and classroom assistants, helping students in underprivileged schools connect with a university environment These volunteers not only serve as tutors but also represent Tulane University, giving younger students insight into the undergraduate experience and inspiring them to envision a future that includes higher education.

The Center for Public Service also manages Tulane’s AmeriCorps

VISTA program, placing 24 full-time volunteers with community organizations across the region The VISTA serves as liaisons between the partner agency and Tulane, helping to develop

Fund 17 is a local non-profit partnered with the Center for Public Service, started by Tulane graduate Haley Burns Students can participate in fellowships with the organization to provide one-on-one business development assistance to entrepreneurs in the New Orleans area Burns was inspired to focus on local economic development after participating in a service- learning course on community health surveying while at Tulane

The Center for Public Service collaborates with Top Box Foods, a non-profit co-founded by Tulane alumnus Sam Heyman, to combat food insecurity in New Orleans Motivated by his service-learning experiences at Tulane, Heyman has successfully expanded the organization, facilitating the delivery of over 350 food boxes to various sites across the city, supported by numerous Tulane student volunteers.

Tulane University exemplifies a strong commitment to community benefit by integrating these efforts into its core functions of scholarship, research, and social responsibility The institution is leading a significant transformation in higher education, moving away from the traditional "ivory tower" model towards a more engaged approach that prioritizes service to the local community In this new framework, student education is enriched through direct interactions with real-world issues and people, while the advancement of knowledge is driven by the insights gained from this engagement Consequently, community benefit is not merely an ancillary goal for Tulane; it is fundamental to the university's mission, as evidenced by the impactful initiatives and results highlighted in this discussion.

Programs and Services within the Community

Tulane University is deeply committed to public service and engagement, exemplified by its integration of education, research, and service through various initiatives coordinated by the Center for Public Service The University addresses critical issues facing New Orleans and its communities, leveraging its heritage as a public-serving institution From its origins responding to public health challenges to its efforts following Hurricane Katrina, Tulane continually seeks to engage with and contribute to relevant local topics Key areas of focus include public education, urban development, public health and nutrition, and legal support.

The Cowen Institute for Public Education, part of Tulane University, is dedicated to supporting New Orleans youth and the broader community through comprehensive skills training and education monitoring By assisting hundreds of students and young adults in realizing their potential, the Institute fosters an environment where educators and administrators can pinpoint essential elements of effective early education This commitment underscores Tulane University's significant role in enhancing the lives of young people in New Orleans.

Tulane University is dedicated to enhancing public education through the Tulane University Center for K-12 STEM Education, which offers outreach programs in Science, Technology, Engineering, and Math (STEM) led by faculty from the School of Science and Engineering High school students can earn college credit through these programs, while younger students benefit from initiatives like Girls in STEM (GIST) and Boys in STEM (BATS), designed for fifth to seventh graders to connect with diverse role models in STEM This outreach is especially vital for underserved schools, providing students with insights into college life and potential STEM careers Through these initiatives, Tulane actively engages with the local community, creating valuable opportunities for local students on campus.

Founded in 2005 in response to Hurricane Katrina, the Albert and Tina Small Center has collaborated with over 74 community partners on more than 80 diverse projects, including design, construction, and policy studies Located in Central City, New Orleans, the Center provides a collaborative space for faculty, student fellows, and community partners to work on impactful initiatives Additionally, its Storefront gallery engages the wider New Orleans community through public programs and exhibitions.

The Small Center was recently awarded the Collaborative Approach award by the Association of

The Small Center's work on the Parisite Skatepark project, which opened in New Orleans in 2015, exemplifies the collaborative efforts of local skaters, city and state agencies, professional architects, and Tulane students Recognized as the city's first official skate park, this initiative highlights the importance of community engagement and technical assistance, including stakeholder convening and masterplan design As part of Tulane's integrated service curriculum, faculty and students leverage their design expertise to transform community projects into reality, enhancing the vibrancy and vitality of local neighborhoods.

The Goldring Center for Culinary Medicine offers a unique educational experience in nutrition for Tulane University students and the broader New Orleans community By providing free classes led by nutritionists and chefs, the Center empowers individuals to make informed, healthy food choices Additionally, it organizes public conventions and seminars in collaboration with local organizations dedicated to promoting wellness.

The Grow Dat Youth Farm project was incubated at the

Small Center at Tulane in collaboration with the New

Orleans Food and Farm Network, and City Park, and now provides exposure to locally grown produce as well as leadership opportunities for youth in the community Grow

Dat is New Orleans' largest urban farm, cultivating 2.5 acres and producing approximately 20,000 pounds of food annually Each year, it involves 50 young adults in its farming efforts, often with active support from the Tulane community.

Tulane Law School pioneered the implementation of a mandatory pro bono requirement, consistently graduating high-achieving students who contribute hundreds of pro bono hours to local public interest organizations Beyond their pro bono work, Tulane Law students serve as dedicated advocates for the entire New Orleans community.

Tulane Law School plays a vital role in supporting the Orleans community through various clinics and non-profits that address crucial issues such as civil rights, criminal justice, and domestic violence The Entertainment Law Legal Assistance (Ella) Project specifically aids low- to moderate-income local artists by providing essential business tools, community advocacy, and legal support to safeguard Louisiana's cultural capital Since 1992, Tulane Law students have contributed over 14,000 hours to the Volunteer Income Tax Assistance (VITA) program, and the school has pioneered the requirement for pro bono hours, amassing more than 255,000 hours of free legal assistance since 1988 The Class of 2019 exemplifies this commitment, dedicating over 17,000 hours to represent indigent clients in need of justice Through these initiatives, Tulane Law students enhance their legal skills while making a significant impact on the community.

Tulane University prioritizes public education, urban development, public health and nutrition, and legal support to fulfill its core mission and address key issues in New Orleans These initiatives represent a strategic intersection of mission fulfillment, resource allocation, and opportunities for advancing human knowledge They have led to significant improvements for the city and its residents, fostering a more vibrant and equitable community By investing in these areas, anchor institutions like Tulane not only enhance their own organizational goals but also contribute positively to the surrounding communities.

Campus as a Local Amenity

Tulane University plays a vital role in enhancing its local community through its campus, which serves as a valuable amenity for public recreation and cultural enrichment Featuring greenspaces, libraries, and performing arts venues, the campus invites community members to gather and engage in various activities Cities allocate substantial resources to develop such attractive public spaces, and college campuses contribute significantly to this portfolio, typically maintained by the institutions themselves rather than local governments.

The University has a long-standing dedication to serving the local community, rooted in its history and reinforced after Hurricane Katrina through various support initiatives The New Orleans community is encouraged to engage with the campus and access its resources In addition to seven publicly accessible green spaces, the University offers a range of amenities that benefit both its community and the public.

Tulane Campus Recreation, located in the Reily Student Recreation Center, offers a variety of services and facilities, including group classes, locker rooms, and advanced gym equipment, catering to both Tulane students and community members with a paid membership.

Barney Mintz Field features an 80-yard AstroPlay field utilized by Green Wave teams and the New Orleans Shellshockers minor league soccer team for practice Adjacent to the field, the Danny Thiel Track accommodates various track events for teams across the Gulf South, offering seating for up to 1,200 spectators.

Greenspaces and a lush tree canopy are a signature of

Tulane’s Uptown Campus features seven green quadrangles that not only enhance the environmental quality of the community but also provide a valuable passive recreational resource for the surrounding neighborhood.

Yulman Stadium is the home of Green Wave football, providing a modern venue for thousands of fans to experience the rich tradition of Tulane football It invites both students and the local community to partake in the exciting festivities surrounding the games.

Devlin Fieldhouse hosts the Green Wave basketball and volleyball games, and is the ninth oldest active basketball venue in the country

The Tulane campus exemplifies its commitment to community engagement through the annual Crawfest festival Held in the Newcomb Quad and Berger Family Lawn, this vibrant event welcomes everyone to come together and celebrate, fostering a sense of unity and enjoyment among attendees.

Uptown campus for a day of festivities

Figure 8.6: Tulane Amenities Accessible to the Local Community

The Howard-Tilton Memorial Library acts as a vital hub for cross-campus engagement, providing valuable resources to both the University and the wider public Through a variety of workshops, classes, and a vast collection, the Library strengthens the connection between Tulane University and the surrounding community.

The Newcomb Art Museum, celebrated as Louisiana's Best Gallery or Museum in 2018 and recognized among the top 25 in the U.S by the American Art Awards, serves as a vital cultural hub It fosters cross-disciplinary understanding of the arts through exhibitions designed to inspire dialogue and creative thought Open to the public five days a week, the museum offers free access, encouraging meaningful community engagement and participation.

Myra Clare Rogers Memorial Chapel accommodates over 200 guests and serves as a non-denominational worship space for students In addition to religious services, the chapel hosts lectures, musical performances, and memorial services, making it a versatile venue for various events.

Tulane University actively promotes various cultural initiatives that enrich the wider community, notably through the New Orleans Shakespeare Theater, a prominent theater company in the Gulf South Additionally, the School of Liberal Arts organizes an annual Summer Lyric festival, further enhancing the cultural landscape of the region.

Theater, along with continued offerings of theater and music through the Department of Theatre and

Dance and the Newcomb Department of Music These types of contributions make the New Orleans region an even more vibrant place for the Tulane community, local residents, and visitors

The Ruth U Fertel/Tulane Community Health Center-

Community Room provides affordable, comprehensive medical care for families in New Orleans as part of the larger health clinic network Access Health Louisiana The Health

Center provides primary care, pediatric and behavioral health services from caring, trusted physicians

The Tulane Medical Center serves the greater New Orleans area as an acclaimed teaching, research, and medical health facility with over 500 physicians providing cutting-edge care

In collaboration with the esteemed Tulane School of Medicine, the Medical Center is dedicated to healing communities A significant aspect of TUMC's commitment to community welfare is demonstrated through its charity care initiatives, which amounted to $54 million in support of the local community in 2018.

The University showcases its commitment to the community by making on-campus resources accessible to the public, enhancing the quality of life in the neighborhood These valuable recreational, cultural, and medical facilities foster engagement between the university and the community, reinforcing their relationship Additionally, they serve as a model for other cities, demonstrating successful collaborations that tackle urgent urban challenges.

Municipal Services/Infrastructure Provision

Universities, as tax-exempt entities, frequently encounter criticism for utilizing public services without adequately contributing to their funding through taxes Tulane University, while benefiting from the public services of New Orleans, also plays a significant role in providing these services, thereby alleviating the financial burden on the city.

Tulane University is committed to enhancing the New Orleans community by investing in vital services such as public safety, infrastructure, and beautification As an anchor institution, Tulane fosters strong partnerships and actively engages in initiatives that improve the quality of life for residents, demonstrating its role as a responsible and supportive neighbor.

Similar to many institutions of higher education of Tulane’s scale, the

University maintains a robust public safety program, including the Tulane

The Tulane University Police Department (TUPD) plays a crucial role in campus safety, featuring 63 sworn police officers with full arrest powers TUPD ensures a constant presence at both the Uptown and Downtown campuses, providing 24/7 patrol services within a one-mile radius Additionally, Tulane enhances security through public safety infrastructure, including campus lighting and surveillance cameras, and collaborates with Allied Universal for further support.

The Security Service is committed to delivering over 4,700 hours of security support annually, tailored to community needs A notable aspect of TUPD's function within the community is its robust collaboration with the City, enhancing overall safety and security.

For example, the University frequently collaborates with various City departments, such as the Health Department, Sanitation

Department, and New Orleans Police Department, on assisting with collaborative clean up and safety initiatives In addition, during busy times of the academic year that require additional police support,

Tulane pays for the use of NOPD to supplement the TUPD’s force

Tulane University is committed to enhancing the quality of life on its Uptown campus while minimizing disruptions to the surrounding community To achieve this, the university has implemented various initiatives, including lighting upgrades, litter control, trash abatement, and traffic management during major events In the previous academic year, Tulane invested over $800,000 in these vital quality of life services, demonstrating its dedication to maintaining a positive campus environment.

The Tulane Emergency Medical Service (TEMS) is a student-run, non-profit ambulance service located on the Uptown campus of Tulane University, providing free emergency medical services and transport to New Orleans hospitals for Tulane and Loyola students, staff, faculty, and affiliates TEMS collaborates with the City of New Orleans EMS to establish service protocols and ensure coordinated care As one of the first university-based ambulance services in the United States, TEMS exemplifies the importance of community engagement and serves as a model for similar initiatives nationwide.

Tulane University collaborates with City departments to provide essential public services, showcasing a model of partnership that benefits both the campus and the surrounding community This collaboration alleviates financial pressures on the City while fostering cooperation between the University and local government, particularly in areas concerning public safety and well-being Such actions exemplify the responsibilities of an anchor institution, highlighting its commitment to the community and the mutual advantages derived from this relationship.

“Tulane has always been a place that people look to for ideas when there are challenges and opportunities.”

Governor John Bel Edwards emphasizes that when a community is vibrant and safe, it benefits institutions like Tulane to invest and engage actively This commitment to public service reflects Tulane's understanding of its responsibility and the opportunities it can create for the community.

A Good Neighbor Focused on Mutual Collaboration

Tulane University has long prioritized community engagement, dedicating significant resources—such as operational expenses, student and faculty time, and campus facilities—to enhance the quality of life in New Orleans By making its campuses accessible to local residents, Tulane fosters educational and cultural opportunities while also providing essential public services like safety and police support, ensuring that the university does not strain municipal resources This commitment reflects Tulane's understanding that its growth and the region's success are intertwined, necessitating collaborative efforts for mutual benefit.

Tulane University is poised for significant growth, enhancing its ability to support the New Orleans community through student initiatives, faculty and staff engagement, and diverse programming The planned expansion of its campuses will create additional space and opportunities for the community to access and connect with the university's valuable resources.

Tulane University enhances the vibrancy and appeal of New Orleans, while the city enriches the university's character and attractiveness The interconnected futures of Tulane and New Orleans highlight the importance of nurturing this relationship, as it brings mutual benefits to both the institution and the community.

– Michael Fitts, President of Tulane University

Regional Competitiveness

Section Overview

In the current economy, research, innovation, and entrepreneurship are essential for regional competitiveness, with Tulane University serving as a key contributor to the future of New Orleans As a leading research institution, Tulane attracts talent, new businesses, and investors, significantly impacting the local economy Beyond its operational footprint, Tulane's commitment to advancing research and innovation fosters broader benefits that enhance the region's competitiveness and merit further exploration.

This section examines how Tulane University’s interdisciplinary scholarship and research initiatives foster a vibrant local ecosystem of innovators and creators, significantly influencing the region's economic future It highlights the interplay of various dynamics to illustrate the role of research universities, particularly Tulane, in enhancing regional competitiveness.

 University research and interdisciplinary scholarship

 Cultivation of intellectual property output

 Collaboration with regional economic development initiatives

The Growing Importance of Research Universities to How Regions Compete

Innovation is increasingly driven by large-scale research institutions in urban areas, with Tulane University serving as a key example for New Orleans and Louisiana Its influence is significant in attracting new businesses, skilled professionals, and investment resources The role of innovation and entrepreneurship is crucial for global economic growth and regional competitiveness In a knowledge-based economy, top-tier research institutions have become vital to regional development strategies, particularly in metropolitan areas where they collaborate with industry Universities like Tulane not only generate commercializable discoveries but also foster the entrepreneurial talent necessary to bring intellectual property to market through licensing agreements and startup initiatives.

The May 2014 Brookings Institution report, "The Rise of Innovation Districts: A New Geography of Innovation in America," highlights a transformative shift in the landscape of innovation in the U.S Unlike the isolated suburban office environments of the past, such as Bell Labs in Park Ridge, New Jersey, today's innovation hubs are urban-centric, fostering collaboration among diverse actors and sectors These modern districts are often anchored by research institutions, which play a crucial role in nurturing world-changing startups and attracting essential human and financial resources for innovation.

A diversified economy is crucial for regions and states, making innovation vital for growth, as human and financial capital can shift rapidly, leading to stagnation if not nurtured Tulane University's research and entrepreneurial initiatives are closely tied to the success of the New Orleans area As the city attracts entrepreneurs and creative talent, Tulane can enhance its mission by tapping into the expanding network of human capital and private sector resources available in the region.

Tulane’s continual investments in its physical setting and intellectual community help make the

The vibrant New Orleans region plays a crucial role in driving regional economic growth, aligning with its mission to advance and apply knowledge for the greater good Louisiana's competitiveness largely hinges on the performance of major research institutions like Tulane University, which are essential in delivering high-quality educational resources, fostering groundbreaking innovations, and attracting both human and financial capital.

Building an Innovation Hub On and Around Campus

Innovation is crucial for regional competitiveness, necessitating spaces that foster creative development Tulane University plays a vital role in this ecosystem, actively collaborating with local partners The concentration of educational resources, skilled workforce, and research initiatives at Tulane and nearby institutions positions New Orleans as an emerging hub of innovation.

Inclusivity is a crucial element of a successful innovation hub, ensuring that all demographics—students, faculty, and staff—are represented within the campus community By fostering a diverse environment, more individuals contribute their voices and play significant roles in advancing scholarship and stimulating local economic growth Innovation thrives not from solitary inventors in isolation but from the collaborative efforts of varied perspectives that enhance human knowledge and lead to groundbreaking discoveries.

Great cities are closely connected to their universities, a relationship that will strengthen in the future due to the growing information economy Tulane University plays a vital role in this connection by educating future doctors, scientists, engineers, public health officials, and finance MBA graduates, all of which are essential for driving business development in New Orleans.

Fostering innovation on campus is significantly enhanced by programmatic initiatives Tulane University prioritizes interdisciplinary research and learning, which naturally cultivates a collaborative and inclusive environment for both students and faculty This approach encourages curiosity and exploration, further enriching the academic experience.

Tulane, as an institution founded with an entrepreneurial spirit, means that the University has been consistently focused on solving society’s most challenging problems

Tulane University is dedicated to fostering an environment where innovation thrives by creating collaborative physical spaces Recognizing that innovation occurs in concentrated hubs of talent, Tulane is investing in buildings, labs, and meeting areas to support creativity and entrepreneurship These investments not only enhance the university's innovative spirit but also invite regional collaboration By connecting students and faculty with local leaders and experts, Tulane aims to accelerate discovery, exemplified by new collaborative initiatives like the New Orleans Bio Innovation Center.

Research Efforts

Tulane University is dedicated to transforming the world through impactful research while also enhancing the local community By concentrating on critical issues relevant to the New Orleans area, such as coastal ecosystems and urban challenges, Tulane aims to foster economic growth and competitiveness in the region Its research initiatives attract external resources, bolster the university's and the region's reputation, and cultivate a skilled workforce and knowledge infrastructure This creates a virtuous cycle that draws in human and financial capital, leading to further discoveries and making the region increasingly appealing for investment and innovation.

Tulane University is dedicated to attracting innovative thinkers and combining intellectual rigor with an entrepreneurial spirit to address complex societal challenges The economic impact of research at Tulane extends beyond the university's operations, highlighting its significant contributions to the local region A substantial portion of research funding comes from outside Louisiana, serving as an economic import for the state Furthermore, these research resources stimulate future endeavors, leading to additional research opportunities and the development of intellectual property, which can result in new business ventures.

Tulane recently announced a new initiative with LSU Health to accelerate the steps from the research lab to local startups The partners will collaborate with the New

The Orleans Bio Innovation Center aims to provide essential resources and tools to support the Southeast region's life sciences sector As part of the Xlerator Network, which comprises 24 academic institutions, including Tulane University, the initiative focuses on advancing the commercialization of life sciences research and biomedical discoveries This collaboration will enhance existing efforts by Tulane and LSU Health to foster research partnerships with private industry.

Tulane is a member of the Association of

American Universities, a select group of the leading research universities in the U.S and

Canada dedicated to advancing society through education, research, and discovery

In FY 2018, Tulane spent over $193 million on research and development, an 18 percent increase over FY 2014 levels (see Figure 9.1) Importantly, that funding came from diverse sources, including 53 percent from US

Federal Government sources (see Figure 9.2) Hence,

Tulane's research and development efforts significantly contribute to the local economy, attracting over $100 million in external funding in FY 2018 This influx of resources supports local employment and tax revenues, fostering an appealing innovation hub that attracts additional talent and investment.

Figure 9.1: Tulane University Total Research & Development Expenditures, 2014-2018

Tulane University attracts research funding that not only drives significant discoveries but also stimulates the local economy in New Orleans This mobile research funding, awarded for basic and clinical studies as well as humanities, is spent within the community, bolstering local employment and contributing to tax revenues.

To tal E xp e n d itu re s ($M )

State and Local Government Business Other

Tulane has earned the Carnegie Foundation for the Advancement of Teaching’s highest classification of “very high research activity,” a prestigious category that includes 2 percent of universities nationwide

Figure 9.2: Distribution of Research & Development Expenditures, FY2018

Source: Tulane University HERD Survey (2018)

Tulane's research centers and institutes provide students with a wide range of opportunities across various fields, including architecture, business, health sciences, humanities and fine arts, international studies, law, science and engineering, and social sciences.

The Tulane University Brain Institute, comprised of researchers from the School of Science and Energy and the School of Medicine, focuses on critical areas such as memory and cognition, neurodegenerative diseases, neural injury and repair, hormone-brain interactions, and overall brain-body health.

Institute was created to lead all neuroscience-related efforts at the University, following the pillars of research, education and training, and community outreach and engagement

The ByWater Institute at Tulane University fosters interdisciplinary collaboration between departments and the community, focusing on research related to coastal resilience and urban environments By engaging in community programs and applied research, the Institute utilizes New Orleans and the Gulf Coast as a living laboratory to explore the intricate relationship between natural and human systems.

The Murphy Institute is dedicated to educating students and the public on critical economic, moral, and political issues, while promoting high-quality applied research in public policy and civic engagement Through its programs, scholarships, and events, the Institute aims to inspire and inform its audience, ultimately advancing human prosperity and well-being.

The Tulane National Primate Research Center (TNPRC), established in 1964, is a leading facility in biomedical research, particularly in infectious diseases As one of eight centers in the National Primate Research Center Program funded by the National Institutes of Health, TNPRC conducts essential basic and applied research using nonhuman primate models to address human health issues Located in Covington, Louisiana, it serves as a vital regional and national resource, leveraging Tulane University's interdisciplinary expertise in public health to drive significant scientific advancements in understanding critical health challenges, including AIDS, Lyme disease, malaria, and tuberculosis This research activity extends Tulane's influence beyond New Orleans into the broader community.

The Roger Thayer Stone Center for Latin American Studies at Tulane University fosters the teaching and research of Latin American studies across various disciplines, including literature, performance, cultural studies, art, history, ethnography, archaeology, cultural heritage preservation, public health, social action, community planning, and addressing poverty and inequality in the region.

Uniting faculty from over ten departments, the Stone center for Latin American Studies furthers the University’s global mission and advances cultural understanding of the Latin

Tulane University exemplifies excellence in various fields, bolstering its reputation and that of New Orleans and Louisiana as hubs for human and financial capital that drive advancements in knowledge By attracting funding that supports the local economy and addressing significant societal challenges, Tulane's research initiatives enhance regional competitiveness and contribute to a vibrant, interconnected innovation ecosystem.

Intellectual Property Output

Research and innovation drive the commercialization of intellectual property, fostering a dynamic regional entrepreneurship ecosystem that leads to life-saving breakthroughs This section highlights the positive regional impact of transforming research into intellectual property and outlines how Tulane University supports this process The tangible outcomes of a knowledge-based community include valuable intellectual property, which not only enhances human knowledge and societal benefits but also creates pathways for translating research into commercial products that bolster the economy.

Regional Competitiveness: Page 80 licenses or options In total, Tulane intellectual property garnered over $1.8 million in gross licensing income (see Figure 9.3)

Figure 9.3: Key Intellectual Property Statistics, FY2016-FY2018

Tulane University has achieved notable advancements in diagnostics by creating a highly precise test for Lyme disease This veterinary diagnostic technology is now integrated into one of the most commonly utilized animal tests in the United States and is also available in various markets across Europe.

Canada, totaling more than 20 countries The invention that led to these diagnostic tests was made by

Dr Mario T Philipp from the Tulane National Primate Research Center highlights the development of a vaccine adjuvant by Dr John D Clements at the School of Medicine, which is being advanced by PATH, a global non-profit organization, aimed at improving children's health in developing nations This vaccine has the potential to significantly reduce illnesses caused by enterotoxigenic E coli, a leading cause of morbidity and mortality in these regions Additionally, another philanthropic organization is exploring the application of this treatment in a polio vaccine for children in similar contexts.

Another prominent researcher is Shusheng Wang, an Associate Professor of Cell and Molecular Biology

Dr Wang is dedicated to advancing CRISPR genome editing technology aimed at curing age-related blindness, a condition that impacts around 8.7% of the global population The market for treatments addressing this issue is projected to reach $8.9 billion by 2022.

Tulane University has a proven history of fostering a collaborative and welcoming atmosphere for researchers, making it an ideal environment for entrepreneurs and innovators to flourish Its successful track record and ongoing initiatives attract the next generation of talent, including students and young faculty drawn to Tulane's adventurous spirit, as well as businesses seeking to tap into the university's rich pool of skilled individuals.

Commercialization/Entrepreneurship

Tulane University plays a vital role in boosting the local economy by facilitating the transition of research from the academic sphere to the marketplace Through its commitment to fostering entrepreneurship and new ventures, Tulane drives innovation, creates jobs, and enhances the reputation of the New Orleans area This article will expand on the connection between research, intellectual property, and the commercialization process that can lead to successful startups Tulane's dedication to cultivating a culture of creativity and entrepreneurship has led to the development of practical solutions addressing both local and global challenges.

Tulane University offers a wide range of resources designed to assist faculty and students in transforming their intellectual property into successful ventures, showcasing the extensive support available to the Tulane community.

Albert Lepage Center for Entrepreneurship and

The Lepage Center aims to be a hub for entrepreneurial activity at Tulane University, serving as a vital resource for knowledge on entrepreneurship in New Orleans and fostering innovation throughout the Gulf South and beyond.

Lepage Center sponsors the Tulane Business Model

The competition targets early-stage ventures that have proven their ability to adapt to customer needs through market testing It is open to student-led projects from individuals or teams currently enrolled in colleges or universities.

New Orleans Entrepreneurship Week: The New Orleans

Entrepreneur Week (NOEW) is hosted by JPMorgan Chase &

The New Orleans Entrepreneur Week (NOEW), organized by the A B Freeman School of Business at Tulane University and The Idea Village, is a week-long event series dedicated to fostering business, innovation, and entrepreneurship in New Orleans Since its inception in 2009, NOEW has showcased 760 startups and awarded $4.3 million in prizes The event features a diverse lineup of cutting-edge speakers, pitch competitions, networking opportunities, panel discussions, and personalized mentorship and investor meetings, all aimed at cultivating an innovative and entrepreneurial spirit.

The Tulane Business Model Competition invites early-stage ventures that have proven their capacity to adapt to customer needs, with eligibility for participation extended to student-led teams from colleges and universities Participants have the opportunity to win over $40,000 in cash and prizes to support their startup initiatives.

The Invest NOLA Business Growth Collaborative: The Invest

The NOLA Business Growth Collaborative is a six-month program designed to support the growth of small businesses, particularly those owned by minorities Through a comprehensive management education curriculum, participants gain valuable business knowledge, build connections with potential customers, access capital, and develop essential networks with other business owners This initiative aims to empower minority entrepreneurs and foster sustainable business development.

Instapath Bioptics took home the

$12,500 grand prize in the 2017 Novel

The Tech Challenge, organized by the Tulane Office of Technology Transfer, highlights innovative solutions in healthcare Instapath is at the forefront, utilizing rapid and high-quality imaging technology to enhance biopsy processing, thereby increasing pathology efficiency and minimizing the need for repeat biopsies Their impressive efforts earned them second place in the Tulane University competition.

Business Plan Competition, the Tulane graduates’ startup has participated in numerous competitions and was awarded a grant by the National Science

Transfer grant program to conduct research and development on their concept

Regional Competitiveness: Page 82 that meet approximately twice a month The sessions will focus on business strategy, finance and operations, and the development of a strategic growth plan

Entrepreneurship and innovation thrive in environments where people and research infrastructure are closely located, but their true potential is realized through intentional collaboration and mechanisms that facilitate the exchange of ideas Tulane University exemplifies this by implementing various initiatives to foster an entrepreneurial culture and support emerging startups This commitment not only enhances the region's economic competitiveness but also attracts new talent and investment, driving future scientific discoveries and commercial ventures.

Startups: Tulane has built a durable pipeline for nurturing startups that has flourished in recent years

Tulane University has significantly enhanced New Orleans' status as a prime hub for entrepreneurs, with the city boasting a 53% higher startup rate per capita than the national average and ranking as the 3rd best city for young entrepreneurs Additionally, New Orleans ranks second in the U.S for tech employment growth To support the burgeoning startup and early-stage economy, the Albert Lepage Center for Entrepreneurship and Innovation at Tulane is addressing the need for regional benchmarking.

Tulane University is launching the 1st Annual Greater New Orleans Startup Index to unite stakeholders and highlight the region's distinctive innovation landscape The index aims to benchmark the area's performance against other regions, monitor progress, and uncover opportunities for significant, coordinated change This spring, the Lepage Center successfully verified over 70 percent of the startups included in the index.

There are many examples of Tulane student, alumni, and faculty success as entrepreneurs, including the following:

 AxoSim is a startup spun out of the lab of Dr Michael J Moore, Tulane Associate Professor of

AxoSim is pioneering nerve-on-a-chip technology in the field of biomedical engineering, which enhances the development of safer and more effective drugs for major diseases before they enter clinical trials In recognition of its innovative approach, the company secured a two-year grant of $1.77 million from the National Institutes of Health Small Business Technology Transfer in 2017 Additionally, AxoSim gained further recognition by winning the 2018 Coulter IDEApitch at New Orleans Entrepreneur Week, which came with a $100,000 funding award.

Former Tulane biomedical engineering graduates Elaine Horn-Ranney and Parastoo Khoshakhlagh created a gel-based patch designed to assist physicians in repairing damaged eardrums non-surgically This innovative idea emerged during their research at Tulane University, leading to the founding of Tympanogen in 2014 Currently, the company is collaborating with NASA to explore the application of this technology in microgravity environments.

8 New Orleans Business Alliance, “Key Stats & Rankings,” https://www.nolaba.org/advantage/key-rankings/

 Fluence Analytics products seek to optimize efficiency, cost and quality of manufacturing and

Fluence Analytics, established in 2012 at Tulane University's PolyRMC, specializes in R&D processes within the polymer and biopharmaceutical industries With an investment exceeding $20 million, the company has successfully patented its innovative products and services, achieving several years of industrial production and advancing to the development of second-generation products.

 A team of Tulane doctoral students created Instapath, a company focused on developing imaging technology for point-of-care biopsy evaluation that received $225,000 in NSF funding in

2018 The company can now seek Phase II grant funding of up to $750,000, with up to $500,000 in additional matching funds with additional investments or sales

Founded by a Tulane graduate student in the university's Chemical and Biomolecular Engineering lab, Advano has created an innovative 4-in-1 nanoparticle manufacturing process that is rapid, simple, efficient, and highly scalable This groundbreaking method allows for the production of high-quality nanoparticles at a more affordable price, revolutionizing the industry.

Economic Development Initiatives

Tulane University significantly influences regional economic development through its research and entrepreneurship initiatives By transforming intellectual activity into commercial opportunities, Tulane fosters a dynamic environment that attracts businesses seeking access to an innovative workforce Collaborating with local stakeholders and economic development organizations, the university plays a crucial role in positioning the region for a competitive and prosperous future.

Tulane University has played a pivotal role in attracting global tech companies, exemplified by DXC Technologies, which recently opened a new office in downtown New Orleans This strategic expansion aims to leverage the innovation hub cultivated by Tulane, with DXC committing to create 2,000 local jobs in the area.

Tulane University collaborates with Greater New Orleans, Inc (GNO) to attract businesses such as DXC to the region and to develop the necessary talent for both new and existing companies This commitment to workforce development is exemplified by the Earn & Learn Career Pathways Program, which offers paid apprenticeships for young people at Tulane while they pursue accelerated courses through Bard Early College of New Orleans and Delgado Community College's Accelerated Career Education program.

Fluence Analytics, originally known as Advanced Polymer Monitoring Technologies (APMT), was established in 2012 by Tulane alumnus Alex Reed ('08) based on technologies developed at Tulane University With backing from the Office of Technology Transfer and the New Orleans BioInnovation Center, the company successfully secured essential resources and attracted investors from Silicon Valley.

Another way that Tulane contributes to the job readiness of New

Orleans residents benefit from a curriculum designed to equip students with transferable knowledge and skills for future employment A prime example of this commitment is Tulane's School of Professional, which emphasizes the importance of training well-rounded individuals.

The School of Professional Advancement (SoPA) offers a range of educational programs, including bachelor’s degrees, master’s degrees, and certificates designed specifically for working adults With flexible course options available both in-person and online, SoPA effectively accommodates diverse learning needs and schedules.

Importantly, SoPA regularly revises its curriculum based on feedback from industry leaders to ensure that its graduates are ready to join the workforce

Tulane University promotes an entrepreneurial culture through its annual Novel Tech Challenge, a collaborative initiative involving the School of Science and Engineering, the Albert Lepage Center, and the Office of Technology Transfer and Intellectual Property Development This competition encourages students to tackle technical challenges creatively by developing prototypes that address real-world issues, with a grand prize of $5,000 awarded to the winning team In 2018, the winners from the School of Medicine, including Theodore Brown, Michelle McCarthy, Jorge Nagel, Chenchen Feng, and Thomas Ya, created "No Pressure," a non-invasive blood pressure monitoring system utilizing portable ultrasound technology This initiative exemplifies Tulane's commitment to fostering innovation and entrepreneurship among its students, ultimately contributing to the development of commercially viable technologies and enhancing regional competitiveness.

Anchoring the Region’s Economic Vitality

Regions are increasingly competing for human capital, financial resources, entrepreneurial activity, and global reputation, making Tulane's role in Greater New Orleans' innovation ecosystem crucial Innovation is essential for regions to thrive, as it prevents stagnation, generates employment, and stimulates economic activity This dynamic fosters a virtuous cycle where increased innovation leads to further growth and development, enhancing the overall economic and social experience for all residents.

Innovation is no longer seen as the result of a solitary entrepreneur's "a-ha" moment; instead, it thrives on the intensity and diversity of interactions that lead to incremental advancements This collaborative approach often culminates in breakthroughs once deemed impossible, now becoming the standard A crucial element in nurturing a competitive and innovative region is the ongoing investment in infrastructure.

The School of Professional Advancement provides a range of Bachelor’s and Master’s degrees, along with various certifications, designed to enhance students' expertise Many of its nationally-ranked programs are tailored to meet the specific demands of both regional and national economies A prime example is the Homeland Security Studies program, which equips graduates for diverse careers, including emergency management professionals, counterterrorism analysts, law enforcement officers at various levels, and cybersecurity analysts.

Dense concentrations of people and activity are crucial for local, regional, and societal benefits, necessitating strategic investments in transportation and infrastructure Enhancing the area's multi-modal transportation network is vital for Tulane University to maintain and expand high-end activities The University has both benefited from and contributed to the region's transportation infrastructure, which facilitates essential interactions for innovation Continued investment in this infrastructure is welcomed to support ongoing collaborative efforts.

Tulane University plays a crucial role in the innovation ecosystem of Greater New Orleans by attracting essential human and financial capital This dynamic environment facilitates interactions that lead to scientific discoveries, intellectual property, and market-ready technologies As the hub of innovation, particularly with ongoing redevelopment projects like Charity Hospital, Tulane is poised to enhance regional competitiveness and support the continued growth of these vital activities in the years to come.

Tulane University fosters innovation through an interdisciplinary and multi-stakeholder approach in key research areas such as infectious diseases, coastal ecosystems, and disaster recovery By collaborating with participants locally and globally, Tulane's leadership drives significant societal change and human advancement, while also delivering tangible benefits to its community and region.

Societal Benefits

Section Overview

Tulane University serves as a catalyst for positive change, with its local initiatives yielding significant global implications By actively engaging with the New Orleans community and contributing to the region's competitiveness, Tulane embodies its core values and mission These efforts not only improve the quality of life for local and regional residents but also create meaningful benefits that resonate beyond the immediate community.

Under President Fitts, Tulane University has intensified its commitment to enhancing the accessibility of its resources, allowing students to pursue their desired education The university prioritizes diversity in people, experiences, and disciplines, recognizing that such diversity fosters academic advancement and leads to transformative discoveries In addition to diversity, Tulane emphasizes academic excellence and personal growth, fostering a culture of learning and curiosity on campus By nurturing an inclusive intellectual community, Tulane aims to create a dynamic environment that extends beyond traditional academia, empowering students and ideas to make a lasting impact beyond the classroom.

The Growing Importance of Values-Led Institutions to Societal Advancement

Mission-driven organizations, especially higher education institutions, play a crucial role in advancing human knowledge, boosting regional economies, and fostering a more equitable society As scrutiny on the value of higher education intensifies, colleges and universities must adopt a framework that highlights their broader social impacts These institutions, deeply rooted in their communities, are increasingly expected to align their educational missions with local needs To demonstrate their worth as non-profit entities, they must clearly communicate their commitment to supporting educational access and utilizing knowledge and research for the greater good.

Tulane University is a values-driven institution dedicated to societal advancement, emphasizing the cultivation of a scholarly community that addresses significant societal challenges By instilling these core values in students, faculty, and staff, Tulane prioritizes practical knowledge over theoretical learning, focusing on academic programs that serve both the local New Orleans community and the global population.

Affordability and Accessibility

Growing inequity and the resulting public discontent are prompting a critical reassessment of higher education's role in society With many living wage jobs requiring a college degree that remains financially out of reach for many, this creates a significant barrier to equitable participation in the workforce Therefore, the affordability of education is crucial for institutions aiming to foster a thriving, equitable society Additionally, it is vital for these institutions to cultivate the potential of future students, ensuring they can realize their aspirations Access to education and credentialing must be equitably distributed, as they are fundamental to societal progress Tulane University exemplifies this commitment through its financial aid initiatives and accessibility programs.

Tulane University, known for its diverse academic programs and extensive learning resources, is dedicated to offering affordable education to both current and prospective students Section 8.4 elaborates on the various scholarships and grants available to students from New Orleans and throughout Louisiana.

Tulane University not only supports Louisiana students but also provides the No-Loan Assistance (NOLA) program to all full-time freshmen This initiative is available to students whose parental adjusted gross income is equal to or less than a specified threshold, ensuring financial assistance without the burden of loans.

Tulane University offers a No Loan Assistance (NOLA) program for families earning up to $75,000, ensuring that tuition, books, fees, and transportation costs are covered through a combination of scholarships, expected family contribution (EFC), and federal grants.

Another program that enhances Tulane’s affordability and access to all prospective students is the POSSE Program

The Center for Academic Equity manages an initiative that annually accepts two cohorts of ten outstanding students from New Orleans and Los Angeles This program is part of a national network operated by POSSE, aiming to support and empower exceptional talent.

Foundation, offers a tightly knit community for a diverse cohort of scholars, along with full tuition Tulane welcomed its first cohort of POSSE students in 2009

Tulane University is dedicated to making education affordable for all students while also focusing on creating accessible pathways for local students in the New Orleans area This commitment is crucial for both the future of the region and the University itself One of the key strategies employed by Tulane involves collaborating with nearby high schools to enhance educational opportunities for students.

Access and affordability are essential components of education, as many individuals perceive institutions as gatekeepers to societal success It is crucial that families do not feel excluded from opportunities, ensuring that both they and their children have the chance to succeed.

A new collaboration between the School of Professional Advancement and the National Guard Bureau’s Homeland Security Institute enables US military service members who have completed the HSI program to transfer 9 credits toward select Master’s programs at SoPA, creating a more accessible route to obtaining an advanced degree for program participants.

The "College Kid for a Day" program at Tulane University allows high school seniors to spend a day on campus with their student mentors, providing first-generation college students with a glimpse into university life Tulane's commitment to supporting these students is further demonstrated by the Office of Academic Equity, which connects them to essential educational resources, summer grants, and opportunities for campus engagement.

The University collaborates with the Urban League College Track program, which assists students from ninth grade through their college years over a decade-long partnership This initiative is part of a nationwide effort spanning ten communities, with the New Orleans College Track program providing essential resources such as academic coaching, study groups, ACT/SAT preparation, service work opportunities, and guidance on college selection and financial aid.

A Focus on Transforming Student Lives

Tulane University is dedicated to supporting young scholars in accessing and affording their education, but this commitment extends beyond academics The institution focuses on shaping well-rounded individuals by fostering leadership through service and community engagement Tulane's mission is not merely about providing educational resources; it is about transforming students' lives in a way that positively impacts society as a whole.

At Tulane University, students are actively engaged and have access to a wealth of resources designed to enhance their academic and professional journey Specialized orientations and programs for First-Year and Sophomore students foster integration into the Tulane community, promoting involvement in community service and professional development Furthermore, a robust network of career services equips students with essential tools and resources to explore diverse career paths and connect with employment opportunities locally, nationally, and internationally throughout their time at the university.

Tulane University attracts adventure-seeking students who are dedicated to serving their communities Many alumni remain in the New Orleans area, contributing to local and global change, while others venture beyond the region to make a significant impact worldwide This reflects the Tulanian spirit of collaboration and discovery The diverse examples of disciplines and career paths showcased illustrate the meaningful contributions Tulane graduates have made in recent years.

“You are activists, innovators and changemakers poised to shape the future of our world in earth- shattering ways.”

— Michael Fitts, President of Tulane University

Lisa P Jackson (’83) received her undergraduate degree from the School of

Science and Engineering After a career serving environmental agencies in

In 2008, President Obama appointed Lisa Jackson as the first African American Administrator of the EPA, where she launched a significant campaign against greenhouse gas emissions by designating carbon monoxide and other gases as pollutants After her tenure ended in 2013, she transitioned to Apple, where she now serves as the Vice President of Environment, Policy, and Social Initiatives.

Regina Benjamin, who earned her MBA from Tulane University in 1991, became the youngest physician elected to the board of trustees of the American Medical Association after years of practicing at her solo rural health clinic in Alabama She served as the US Surgeon General from 2009 to 2013 and has received numerous accolades, including the Nelson Mandela Award for Health and Human Rights and recognition as a MacArthur Fellow.

Douglas G Hurley (’88) graduated from the School of Science and

Engineering and Tulane’s NROTC program, becoming a Naval Aviator in

In 1991, he completed three overseas deployments before becoming a NASA pilot in 2000, where he successfully piloted two space shuttle missions to the International Space Station He has been chosen by NASA as one of the initial astronauts to train private crews for commercial spaceflights and is assigned to the inaugural test flight of the SpaceX Dragon 2 spacecraft.

Teddy Nathan (’11) received his undergraduate degree from the School of

While serving as a Mayoral Fellow under Mayor Landrieu, the concept for NetWork Volunteers emerged, leading to its co-founding in 2014 This organization collaborates with non-profits throughout New Orleans, facilitating connections between them and volunteers Since its inception, NetWork Volunteers has partnered with over 70 non-profits, contributing more than $342,000 to local initiatives and generating an impressive $2.8 million in economic impact.

Matt Schwartz (’99) earned his undergraduate degree from the School of

In 2004, he co-founded Domain Companies, a successful real estate development and investment firm that played a crucial role in New Orleans' recovery from Hurricane Katrina, contributing to over $1 billion in mixed-use real estate projects As Chairman of the Board for Liberty's Kitchen, a non-profit organization dedicated to preparing New Orleans youth for future success, he has made a significant impact on the community His contributions were recognized by nola.com, which included him in its 300 for 300 list of influential New Orleans figures, and he received the T.G Solomon Award for Entrepreneurship and Civic Engagement in 2017.

Research Output with Global Implications

Interdisciplinary collaboration is essential for addressing society's most pressing questions At Tulane, efforts are made to dismantle barriers between fields, enabling researchers and students to tackle problems from diverse perspectives This collaborative approach empowers them to investigate urgent global issues and devise effective solutions.

Tulane University fosters a vibrant scholarly community that emphasizes interdisciplinary collaboration, enriching both undergraduate and graduate education By integrating knowledge across various departments, students gain a deeper understanding of their fields Faculty and researchers frequently collaborate on projects with peers from different disciplines, leading to innovative research that addresses critical contemporary issues.

Tulane University exemplifies the impact of institutions dedicated to long-term social good by addressing local issues with global significance Faculty and students engage collaboratively on pressing topics, ensuring comprehensive evaluations rather than isolated assessments Their research spans critical areas such as infectious disease, sea level rise, and disaster recovery, highlighting the university's commitment to generating real-world solutions.

The Tulane Institute on Water Resources Law and Policy engages in vital policy research focused on water and ecosystems, aiding decision-makers in promoting responsible resource use for both present and future generations Key program areas involve assessing the economic effects of a shifting coastline.

Louisiana's communities are actively engaging with the "Louisiana Water Code" to create an online atlas that compares water laws nationwide Recognizing the shared challenges of sea level rise, the Institute collaborates with cities, businesses, universities, and various stakeholders to develop resources focused on sustainability and resilience.

Tulane University, dedicated to the health and sustainability of New Orleans for 184 years, prioritizes the city's future as a coastal community We are proud to partner with the National Wildlife Federation and the City of New Orleans to enhance coastal research, resilience, and adaptation efforts, ensuring a secure future for our hometown.

The Center for Applied Malaria Research and

Established in 2013, the center aims to enhance the public health impact of malaria programs through innovative and interdisciplinary research tools By employing an applied population-based evaluation process, the center focuses on improving malaria programs and creating a strong evidence base to inform control and elimination strategies in the most affected regions Currently, the center is conducting applied malaria research in Haiti, Zambia, Mali, and Tanzania.

Research on major vector-borne diseases such as dengue, Zika, malaria, Chagas, filariasis, and Lyme disease has been conducted locally, nationally, and internationally, with significant focus in regions like Ethiopia and Zanzibar Key funding for tropical medicine research at the University comes from prominent organizations including the National Institutes of Health, the National Science Foundation, the Bill and Melinda Gates Foundation, USAID, and the Department of Defense.

The Disaster Resilience Leadership Academy at Tulane University offers a Master of Science in Disaster Resilience Leadership through the School of Social Work, providing students with an interdisciplinary perspective on leadership challenges in disaster resilience and humanitarian aid Graduates are equipped for diverse careers in disaster risk management, emergency preparedness, and community development The program leverages lessons from past events, such as the New Orleans hurricane, and contributes to recovery efforts like those in Puerto Rico after Hurricane Maria, showcasing the synergy of Tulane’s research strengths in Latin American Studies and disaster recovery.

Tulane University thrives on interdisciplinary partnerships that enhance research and scholarship, particularly in fields such as Latin American studies, disaster recovery, public health, and sea level rise This integration of diverse expertise not only amplifies the impact of Tulane's work but also attracts additional talent and funding Consequently, this creates a virtuous cycle that strengthens the university's focus on critical issues relevant to both the local community and global challenges.

Beyond the Ivory Tower

A college education is a transformative experience that significantly impacts students and their communities Tulane University is dedicated to enhancing the lives of its students and making a lasting difference in New Orleans and beyond through its extensive alumni network By promoting access and fostering contextual understanding, Tulane provides a valuable educational experience that equips students with both academic knowledge and practical skills This prepares them to tackle pressing global challenges, whether they choose to engage locally or on a larger scale.

Tulane University’s commitment to addressing locally relevant issues with global implications is rooted in its 19th-century origins as a medical school focused on public health in New Orleans This mission continues to drive the University today, supporting students who aim to make a difference and advancing research on critical global challenges Looking forward, Tulane's dedication to this mission is reinforced by ongoing investments in the New Orleans region, enhancing its physical presence and fostering collaboration with local businesses and organizations to build a stronger, more resilient community.

At Tulane, the enthusiasm of students, faculty, and staff creates a vibrant community that enhances teaching, learning, research, and social engagement A Tulane education equips you with the essential knowledge, skills, and practical experience to thrive in your career while contributing to meaningful change in the world.

Conclusion

Summation of Economic Impacts

Tulane University generates a significant economic impact of nearly $3.1 billion across Louisiana, encompassing direct, indirect, and induced effects from various economic activities linked to the institution, including Tulane University Athletics and Tulane Medical Center This impact supports approximately 19,535 jobs and contributes over $1 billion in earnings, highlighting the institution's vital role in the local, regional, and statewide economy.

The institution's annual operations encompass a wide range of activities, including employment, procurement, and administration, which are integral to its daily functioning These operations generate significant economic impacts, estimated at $2 billion each year within the state.

• Capital Investments, including the large-scale construction and renovation of academic facilities These impacts are estimated at $143 million annually within the state

Tulane University generates significant ancillary spending in the state, estimated at $312 million annually, through three key categories: Student and Visitor Spending, Patient and Visitor Spending, and Event Spectator Spending Student and Visitor Spending encompasses off-campus expenditures by those attracted to the area by Tulane, bolstering local hospitality, food, and retail sectors Patient and Visitor Spending reflects the financial contributions of individuals seeking medical care at Tulane's facilities Lastly, Event Spectator Spending accounts for the off-campus expenditures of visitors attending Tulane athletic events, further supporting the local economy.

The educational initiatives of Tulane University contribute significantly to the local economy, resulting in a Wage Premium that enhances the earning and spending power of the workforce This impact is substantial, with annual estimates reaching $382 million within the state.

Tulane University contributes approximately $3.04 billion to the regional economy each year, supporting nearly 17,895 jobs and generating $1 billion in earnings Of this total, $2.31 billion is generated within New Orleans, where it supports over 13,534 jobs and contributes $850 million in earnings.

Figure 11.1: Aggregate Economic Impact of Tulane University in New Orleans

Figure 11.2: Aggregate Economic Impact of Tulane in New Orleans MSA

Figure 11.3: Aggregate Economic Impact of Tulane in Louisiana

Tulane University's economic footprint is significant and evolving As the University implements its current and future capital investments, its local and global presence will expand, leading to an increase in its economic impact over time.

Tulane University, although tax-exempt, generates significant tax revenues for the State of Louisiana, contributing $53.8 million annually This revenue is derived from the university's operations, capital investments, visitor spending, and the increased household earnings of its alumni These economic impacts support essential public services and education, highlighting Tulane's role in the state's financial ecosystem.

9 Ancillary spending is the sum of Student and Visitor Spending, Patients and Visitor Spending, and Event Spectator Spending

Figure 11.4: Aggregate Tax Revenue Impact to the State of Louisiana

Summation of Value Proposition

Tulane University significantly impacts New Orleans and the surrounding region through its contributions to expenditure, employment, and tax revenue Beyond its economic footprint, Tulane’s efforts enhance the local community, bolster the region’s competitiveness, and promote global progress The University’s core mission focuses on educating students, providing patient care, and serving the New Orleans community, which in turn generates meaningful societal benefits, including knowledge creation, advancements in medical care and discovery, and fostering a vibrant environment that attracts talent and business.

 Tulane serves as an anchor institution within New

Orleans, which means it has a vested interest in relationship with and vibrancy of the surrounding community

Tulane University plays a crucial role in driving the economy of New Orleans and the surrounding region, actively contributing to its competitiveness in attracting talent, financial investment, and commercial growth.

Tulane University is dedicated to serving the public good by investing in its students and fostering inclusivity, ultimately enhancing the quality of life for residents in the New Orleans area This commitment to addressing local challenges not only benefits the community but also leads to discoveries, innovations, and knowledge that have a global impact.

Tulane University significantly contributes to the local and state economy, generating a remarkable $3.14 billion annually This economic impact stems from its operations, capital investments, and the influx of spending from students, visitors, and alumni Tulane supports over 19,535 jobs in the state and produces $53.8 million in tax revenue for the state government each year, highlighting its vital role in fostering business activity and job creation.

Tulane University plays a crucial role in driving significant economic impacts through its commitment to educating students, conducting innovative research, and supporting entrepreneurial initiatives This dedicated work not only attracts human and financial resources to the region but also fosters a virtuous cycle of activity and reputation By transforming local communities and enhancing regional competitiveness, Tulane advances human knowledge and contributes positively to the city, state, and beyond The university's comprehensive economic impact narrative highlights its ongoing influence as a force for good in the community.

Technical Appendix

About Econsult Solutions, Inc

This appendix aims to clarify the scope and methodology of the report, emphasizing the quantitative analysis tools employed for accurate interpretation of its findings For more comprehensive information regarding the methodology and data sources used to assess the direct economic impact across various components, as well as the economic and fiscal modeling conducted, please refer to the subsequent appendices.

The economic and fiscal impacts of Tulane University are assessed across four key areas: operational expenditures, capital investments, ancillary spending (including students, visitors, and athletics), and wage premiums These impacts are calculated annually in a non-overlapping manner, allowing for a comprehensive summation of the total economic activity linked to Tulane The primary aim of this analysis is to quantify the current annual economic contributions of the university Data for this evaluation is primarily sourced from the university itself, with additional verification and supplementation from public data sources.

When direct data is unavailable, assumptions may be necessary to estimate activity levels These assumptions are based on thorough research and accessible information, and they are transparently detailed in the report and its appendices.

The analysis utilizes the most recent and relevant datasets for each input, with institutional data typically reflecting fiscal year 2018, the latest completed fiscal year For capital investments, activity levels are averaged over several years to provide a realistic assessment of typical annual activity Consequently, this analysis represents the current annualized level of activity rather than the impact of any specific fiscal year.

This study focuses on the economic impacts within New Orleans, the New Orleans Metropolitan Statistical Area (MSA), and the State of Louisiana, with tax revenue impacts specifically analyzed for New Orleans and Louisiana.

Economic impact analyses can quantify the overall influence of an entity, either through net or gross impact assessments A net impact analysis, often resembling a cost-benefit analysis, considers a "counterfactual" scenario to measure the true effects by comparing them to what might have occurred without the entity's presence While this method appears economically sound, it can be speculative, requiring extensive modeling of alternative economic developments over time In contrast, this report adopts a gross approach to evaluate Tulane's economic impact, focusing on the direct, indirect, and induced activities linked to the university without factoring in potential increases in other sectors or institutions that might have occurred in its absence.

The economic impact of a university is assessed by comparing current activity levels to a hypothetical scenario where the institution does not exist, while assuming all other economic activities remain unchanged.

The economic impacts of Tulane University are assessed in four well-defined categories commonly used in economic impact studies However, these categories do not encompass all potential contributions of Tulane, as many of its knowledge activities are difficult to quantify Consequently, while the aggregate results of this analysis are gross rather than net, they conservatively reflect the reliably measurable impacts.

Economic impact estimates are derived by assessing the initial direct activities in specific geographies and applying input-output models to determine the total economic activity generated Local expenditures create "spillover" effects as funds circulate among suppliers and employees, fostering additional employment and income This process also contributes to tax revenue for local governments and the State of Louisiana.

ESI has developed a regional and state economic input-output model using IMPLAN software to assess the total impact of expenditures This article outlines the theory behind input-output modeling, explains the methodology for estimating economic and employment impacts, and describes the fiscal model used to project tax revenue impacts for local and state governments.

Economic impact estimates for annual capital and operating activities are derived from input-output models, which convert direct economic activity into a comprehensive total that includes various spillover effects These effects arise from expenditures on goods and services, as well as the labor income spent by employees In an interconnected economy, each dollar spent creates two additional spillover impacts.

When consumers spend money on goods and services from local vendors, a portion of that expenditure circulates back into the local economy This phenomenon, known as the "indirect effect," highlights how local purchases not only support individual vendors but also stimulate further economic activity by creating demand for additional suppliers.

A portion of labor income from expenditures is reinvested into the economy as employees spend their earnings on goods and services This phenomenon, known as the "induced effect," highlights how local vendors benefit from these purchases, thereby further stimulating the local economy.

Input-output models play a crucial role in analyzing the interconnections among industries by estimating the magnitude and composition of spillover effects resulting from expenditures in any given industry Tulane University’s overall economic impact encompasses its direct economic contributions, along with the indirect and induced effects stemming from this direct activity These indirect and induced impacts tend to expand with each successive geographic level, driven by increased purchasing and recirculation activities within broader regions, as well as enhanced capture of downstream economic activities For instance, procurement activities occurring in the wider region beyond New Orleans amplify the economic impact on the New Orleans Metropolitan Statistical Area (MSA) compared to that of New Orleans Parish alone.

ESI created a tailored economic impact model utilizing the IMPLAN input/output modeling system to analyze the effects of direct expenditures IMPLAN is recognized as an industry standard for evaluating the economic and job creation impacts of various initiatives, including economic development projects, the establishment of new businesses, and public policy changes within a parish or county and its surrounding regions.

Tiêu đề	A Force for Good at the Local, Regional, and Global Levels: The Economic and Social Impact of Tulane University
Trường học	Tulane University
Thể loại	report
Năm xuất bản	2019
Thành phố	Philadelphia

Định dạng
Số trang	112
Dung lượng	5,57 MB