Economic Impact 2017

Rutgers' Impact on the Economy of New Jersey

Rutgers plays a crucial role as The State University of New Jersey. We teach 69,000 students and provide continuing education to approximately 50,000 women and men a year. Our research yields discoveries that improve the quality of life. We deliver health care to tens of thousands of New Jerseyans. Our service benefits small businesses, farmers, families, schools, and local governments in every county. But as a new report demonstrates, Rutgers—the state’s third-largest nongovernmental employer—is also a job creator and economic engine, fueling the New Jersey economy, supporting jobs, and generating billions of dollars in annual economic activity for the state.

 

$1 is greater than $7

Rutgers delivers a strong return on investment—for every $1 the state invests in Rutgers, the university returns almost $7 to the New Jersey economy

$5.2 billion

Rutgers fuels the New Jersey economy, generating $5.2 billion in economic activity, $4.3 billion in annual wages, and $798.2 million in state and local taxes

58000 jobs

Rutgers supports 58,000 New Jersey jobs (26,000 directly and 32,000 indirectly)

$658.1 million

Rutgers spends $658.1 million on research and development that sparks innovation and supports the economy—more than all other public and private universities in the state combined

$684 million

Rutgers devotes $684 million to helping people with their health care needs, providing outstanding patient care as well as access to clinical trials, specialists, and the latest technology and treatments

3rd largest

Rutgers is the third-largest nongovernmental employer in New Jersey

 

For a Copy of the Report

For printed copies, contact Glynis Sanders, Department of University Communications and Marketing, 848-445-1903, glynis.sanders@rutgers.edu.

Full Analysis

Contribution of Rutgers University to the New Jersey Economy, produced by R/ECON, the Rutgers Economic Advisory Service at the Edward J. Bloustein School of Planning and Public Policy, contains the full economic analysis on which our report is based.