Hopkins Puts $3.3 Billion Into State Economy By Dennis O'Shea Take your average Dundalk foundry, Towson supermarket or downtown investment bank. Walk through the shop, across the sales floor or into the back office. Count up the first 37 employees you meet. Now imagine Maryland without Johns Hopkins University. And imagine one of those 37 workers on unemployment. A new study concludes that Hopkins--directly or indirectly-- injected $3.3 billion into the Maryland economy in fiscal year 1994. That's one of every three dozen dollars spent in the state during those 12 months, the independent consultant who performed the study said. The study also said that the university, directly or indirectly, supports one of every 37 jobs in the state. That's three Hopkins-generated jobs in Westminster, Arbutus or elsewhere in Maryland for every two paychecks issued on campus. With 21,500 Marylanders on its own payroll, the university is one of the top five private employers in the state. But the university's spending--and that of its employees, retirees and affiliated institutions like the Space Telescope Science Institute--supports another 33,400 in-state jobs. "I've always known that what the people of Johns Hopkins achieve--in teaching, in scholarship, in community service--makes a real difference in society," said William C. Richardson, president of the university. "But this report confirms something else I've long believed: that the university also makes a very substantial bread-and-butter contribution to its home state, in terms of jobs, in terms of spending. We're proud of that." The university has commissioned an economic impact study every few years since 1986; it chose to do another update now because the university has grown so much in recent years and because there has been dramatic turnover among state political leaders, legislators in Annapolis and Washington, and their staffs. "Most Marylanders know about the quality of our students, the quality of our faculty, the quality of our research," said Eugene S. Sunshine, senior vice president for administration, who initiated the project. "What isn't understood as often is that Hopkins' contributions are not just in those terms," Sunshine said. "But we find that, when we take the time to do a study like this and explain the results to interested parties, they really appreciate the information." It's important that the public and policymakers have a thorough understanding of Hopkins' role in the economy, Sunshine said. "The state, for example, invests in the university with unrestricted dollars for student aid and other purposes," he said. "It invests in us with capital money for projects like the new Public Health addition and renovations in Krieger and Maryland halls. And it invests in us with endowment money, buying an art collection from us to build the Peabody Institute's underfunded endowment. "It's critical for us to demonstrate that we're providing a significant return on those investments." A summary of the economic impact study is available. Send your request by e-mail to Michele Naumann at email@example.com. edu, or by campus mail to the Office of News and Information at 212 Whitehead Hall, Homewood campus.
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