SAU provides more than just an education
April 24, 2013
Saint Ambrose University in Davenport provides a lot more than just higher education. A new economic impact study shows it contributes hundreds of jobs and millions of dollars in business spending.
Mike Poster, Vice President for Finance, says the university hired a Des Moines company to help identify what the school, 600 employees, and 3,600 students add to the Quad Cities economy. The study shows last year, the Saint Ambrose community spent $188 million on goods and services. That's both direct and indirect spending. "For every dollar SAU spends, it generates another 84 cents. We think that's significant."
SAU President, Sister Joan Lescinski serves on the board of Quad Cities First, which is the marketing arm of the chamber of commerce. "One of the things we always do is find ways to attract new and expanding companies. Any time you can demostrate growth and strength of institutions helps make the case that this is a great place to locate to.
The study also shows Saint Ambrose supports about 1,900 direct and indirect jobs in the Quad Cities, with a payroll of 73 million dollars.