The University of Washington Bothell generated a total impact on the state’s economy of more than $341.8 million in fiscal year 2018, according to a study conducted by Parker Philips, a consulting firm based in Erie, Pennsylvania, specializing in economic impact analysis.
UW Bothell, founded in 1990 with a student body of nearly 6,000, supported or sustained 2,322 jobs throughout the state, the study said.
The economic contribution of UW Bothell has increased by 37 percent since 2014, when adjusted for inflation, according to the report.
“As one of the largest employers in our area providing exceptional education, job opportunities, and endless prospects for collaboration, we are very fortunate to have UW Bothell in our community,” Brittany Caldwell, executive director of the Bothell Kenmore Chamber of Commerce, said in a UW news release.
The study was part of a larger effort that measured the economic contribution of UW’s overall operations including its campuses and projects across the state — in the Puget Sound and in the cities of Seattle, Tacoma and Bothell. The study also provides individual impact analyses of UW Medicine, UW Research, Intercollegiate Athletics, alumni of the University and CoMotion — a UW collaborative innovation hub dedicated to expanding the economic and societal impact of the UW community, the release said. Combined, UW’s total impact was estimated at $15.7 billion, the study said.
“UW Bothell is one of the most diverse campuses in the state of Washington,” Wolf Yeigh, UW Bothell chancellor, said in the release. “We make a cross-disciplinary, four-year degree more accessible and achievable for more students by providing a world-class educational experience that prepares them for success — in life, work and their communities.”
According to the report, 88.5 percent of UW Bothell alumni live and work in the state, highest among the three UW campuses.
Among the findings in the study:
- UW Bothell’s total impact last fiscal year included $183.6 million direct and $158.2 million indirect and induced spending, and was the result of operational spending, capital spending (three-year average), payroll and benefits paid to employees, student spending, and visitor spending.
- Through its local spending and the jobs it supported or sustained, UW Bothell generated $19.5 million in state and local taxes.
- Staff, faculty, and students of UW Bothell contribute an estimated $546,252 annually in charitable giving and volunteerism.
- UW Bothell generated $16.7 million in visitor spending.
To review the study in full, click here.