January 21, 2016 2:11 pm

U of R economic impact is half billion dollars in GDP

A study by Economic Development Regina found that the University's total Gross Domestic Product (GDP) is estimated at $408 million for Regina and $542 million for the province.

File / Global News
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REGINA – A study by Economic Development Regina found that the University’s total Gross Domestic Product (GDP) is estimated at $408 million for Regina and $542 million for the province.

The study tries to define the community assets which give our city a competitive ‘Regina Advantage’.

“Our key priorities are to promote student success, produce research that has impact, and to serve our diverse communities,” said University of Regina President and Vice-Chancellor Dr. Vianne Timmons.

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“This study shows that the economic impact of these activities is significant, leading to more than half a billion dollars in economic activity, lower unemployment rates, greater earnings, and a more productive and innovative economy.”

The University itself is an economic engine with an impact equivalent to a 10,000 person city. The U of R supports more than 6,400 jobs across the province, including more than 4,500 jobs in the Regina area.

The economic impact from the University does not stop after the student has graduated. University graduates have lower levels of unemployment, earn more money and pay more taxes over a lifetime than those with a High School diploma.

“I am proud of the positive impact our University has on Regina and across Saskatchewan,” said Timmons.

The University of Regina also has academic partnerships with 110 educational institutions in 37 countries, 35 research partnership agreements with institutions worldwide and they also attract students from 120 different countries.

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