OAKLAND CITY, Ind. (WEHT) – According to an economic impact study released by Independent Colleges of Indiana (ICI), Oakland City University accounts for $44 million of the $5.4 billion annual impact that Indiana’s 30 private, non-profit colleges and universities have on Indiana’s economy.
The study focused on ICI’s 30 member colleges and universities.
The study found that the university produced $8 million in tax revenue from faculty, staff, and students and $25 million in direct institutional expenditures.
President Ron D. Dempsey said, “OCU is committed to serving our students and providing them a top quality educational experience in a Christian environment, but we also are proud to call Indiana home and of the economic impact our university has on our state and our SW Indiana region.”
(This story was originally published on October 3, 2019)