According to this article written by nola.com, “Louisiana State University had a $5.1 billion economic impact on Louisiana in 2017 thanks to the jobs it created, the lifetime earnings of grads and a range of other factors.” This information was discovered after there was a study done by LSU’s Economics and Policy Research group. It was stated that “The study is the first time the school has measured its impact both systemwide and individually for each of its eight campuses.”
Nola.com has pointed out that the study “relies on multiple data points to show the size of the university’s economic footprint, including jobs created by LSU alumnus and faculty, the role of the university in attracting talent and businesses to Louisiana, and the collective increased lifetime earnings of all graduates”.
For more information, including a breakdown of economic impact by campus, click here.