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Study: Seton Hall has $1.6B economic impact on N.J., supports nearly 10,000 jobs

hbkmyr

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Seton Hall University has an economic impact of $1.6 billion on New Jersey, directly supports nearly 10,000 jobs and has an impact of $64 million on state taxes.

The economic statistics come from a study by Econsult Solutions Inc. that was commissioned by the university in a first-of-its-kind effort by Seton Hall to quantify the impact the South Orange-based school has on its local community.

The study, which will be released later Wednesday, breaks down the $1.6 billion economic impact into four areas:

  • Wages: $927 million;
  • Operations: $531 million;
  • Ancillary spending: $68 million;
  • Capital: $67 million.
Seton Hall President Joseph Nyre said the study shows the complete impact a university can have.

 
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