New report touts UConn’s impact on state economy

Gov. Dannel P. Malloy (Hugh McQuaid photo)
Gov. Dannel P. Malloy (Hugh McQuaid photo)

HARTFORD, Conn. – The University of Connecticut had a $3.4 billion impact on the state’s economy in 2013, according to an economic report paid for by the school and conducted by Pittsburgh-based consulting firm Tripp Umbach.

Gov. Dannel P. Malloy and UConn President Susan Herbst released the report at a Wednesday press conference held in UConn’s Graduate Business Learning Center in Hartford.

“What this shows is something that many people have probably sensed all along — that UConn is a vital part of Connecticut’s economy,” Herbst said.

Paul Umbach, the firm’s senior principal, said the report tries to quantify the economic activity the state would lose if UConn did not exist. The report concludes that the university has a direct impact of $1.5 billion and an indirect impact of $1.9 billion.

See the complete story at CT News Junkie.


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