Recent growth at Rowan University – from new academic buildings to increased housing options to added programs and faculty – did more than just impact students and the campuses in Gloucester and Camden counties.
That growth, and the ripple effect from it, is bolstering the economy of Glassboro, South Jersey and the State.
A recent economic impact analysis by private research firm Econsult Solutions to update its 2015 study pegs that impact at $1.53 billion. Rowan directly supports 4,460 jobs at the University and close to 7,000 jobs indirectly in New Jersey each year, making it a major driver of economic development in the region and the State.
Commissioned by the University, the report also indicates:
Rowan’s statewide economic impact has increased 24 percent – from $1.23 billion – since 2015.
Rowan has undertaken $298 million in capital (construction) investments during the past 4.5 years.
Rowan students spend an additional $128 million a year throughout the State, in addition to tuition, fees, and room and board.
Alumni living and working in New Jersey earn about an additional $197 million annually due to the education and credentials they received from Rowan.