HAYS, Kan. (WIBW) -- University Relations at Fort Hays State University released information from a recent economic study.
The university's impact on the local economy ranges from $161 million to $209 million in the fiscal year 2011.
President of Fort Hays State Edward Hammond said it is a vital economic engine for Hays, Ellis County and the region.
Construction projects totaling more than $30 million, such as a new academic building and indoor athletic facility, are increasing the impact. An educated work force, university leaders in committees and boards, cultural activities and extracurricular education programs also add to the university's impact. Hammond said its most important impact are the job-ready graduates.
Different economic methods like the Caffrey-Isaacs method were used, but the IMPLAN method was implemented in the most recents study.
So far, using the Caffrey-Isaacs method, the total impact of Fort Hays State was $209,695,045.
To view the entire report, visit https://www.fhsu.edu/efa/publications/Economic-Impact-FY-2011 or contact Dr. Samuel Schreyer, co-author of the study, at 785-628-5683.