Economic Impact Reports FY 2021-22

Press Release: Iowa's Regent Universities Continue to Provide Outstanding Economic Impact

The University of Iowa, Iowa State University and the University of Northern Iowa combined to add $14.9 billion in income to the state of Iowa economy during fiscal year 2021-2022, according to an economic impact study from Lightcast, a labor market analytics firm. That figure of $14.9 billion is equal to approximately 7.1 % of the total gross state product of the state. The study also notes that the total of university activity supports nearly 200,000 jobs in the state, which is one out of 10 jobs in Iowa. 

The Reports are provided in full below.  To view a video presentation of the data, click here.

Board of Regents Report

Full Report (PDF)

Fact Sheet (PDF)

Executive Summary (PDF)

Infographic (PDF)

 

University of Iowa Report

Full Report (PDF)

Fact Sheet (PDF)

Executive Summary (PDF)

Infographic (PDF)

 

Iowa State University Report

Full Report (PDF)

Fact Sheet (PDF)

Executive Summary (PDF)

Infographic (PDF)

 

University of Northern Iowa Report

Full Report (PDF)

Fact Sheet (PDF)

Executive Summary (PDF)

Infographic (PDF)

 

About the Reports
Data and assumptions used in the study are based on several sources, including the FY 2021-22 academic and financial reports from the universities, industry and employment data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau, outputs of Lightcast's Multi-Regional Social Accounting Matrix model, and a variety of studies and surveys relating education to social behavior. The study applies a conservative methodology and follows standard practice using only the most recognized indicators of economic impact and investment effectiveness 

About Lightcast
Lightcast is a leading provider of economic impact studies and labor market data to educational institutions, workforce planners, and regional developers in the U.S. and internationally. Since 2000, Lightcast has completed over 2,800 economic impact studies for educational institutions in three countries. Along the way, we have worked to continuously update and improve our methodologies to ensure that they conform to best practices.

View the FY 2018 Reports