Case Study: University of Illinois demonstrates the Research Park’s economic impact with IMPLAN

University of Illinois quantifies $169.5M economic output with IMPLAN

The Research Park at the University of Illinois faced a challenge in quantifying its economic value to the local community after a decade of operation. Despite its growth and success, it lacked objective data to prove its impact in terms of jobs and dollars, which was crucial for securing ongoing public and legislative support. To address this, the park turned to IMPLAN and its economic impact analysis software and data.

Using IMPLAN's input-output modeling software, the Research Park was able to measure its ten-year economic impact. The results were significant, revealing that its construction investments had created over 1,500 jobs and contributed nearly $160 million in economic output. Furthermore, its operations supported nearly 2,000 jobs and generated over $169 million in economic output, providing the data-backed evidence needed to demonstrate its substantial value to the region.

University of Illinois