Murray State University's economic impact highlighted in report

Murray State University's economic impact on western Kentucky and the Commonwealth is highlighted in a recent report.

Based on a 2017 comprehensive study led by Professor Emeritus Dr. Gil Mathis, updated for inflation, Murray State University generates more than $633 million in economic output activity for the Commonwealth. 

Report findings also include:

- $265 million annual total revenue generated by University employee, student and visitor spending 
- $23 million annual state and local tax revenue generated by activity associated with Murray State University
- $1.18 billion estimated increase in earning capacity generated by nearly 42,000 Racer alumni who reside in Kentucky
- 6,025 total direct and indirect jobs created as a result of Murray State University's business operations

Based on a 2024 Economic Impact Report led by Murray State Professor of Economics Dr. Simone Silva, University construction projects will generate more than $348 million in economic output activity from 2024-2030. 

The 2024 state biennium budget includes funding and support for Murray State University, including a record amount of capital projects funding. Approximately $250 million in capital project and asset preservation funding has been provided to Murray State University over the past two state budgets.