The Mizzou Impact on the Economy
MU's research has a $440 million annual impact on Missouri and supports more than 9,000 jobs.
In fiscal year 2008 MU generated more than $6 million in revenues.
In one decade, MU has conducted $2 billion in research, with an economic impact of nearly $4 billion.
In 2007-08 MU researchers filed 47 U.S. patents, seven of which were issued. Twenty-three licenses and options based on MU technologies were signed.
With fiscal year 2008 revenues at $1.5 billion, MU and University of Missouri Health Care leveraged state appropriations ($240 million) by an additional seven times ($1.3 billion).
If MU's research operation did not exist, it would be equivalent to losing 22 companies with annual revenues of $10 million each.
Students in MU’s Personal Financial Planning Department offer a tax return service for low-income and disabled citizens and, over the past four years, have completed more than 7,000 returns with total refunds valued at more than $7 million.
Every new dollar MU earns in external research funding today generates $1.99 economic impact on the state; every million creates 17.3 jobs.
Every week, Missouri's economy benefits from the university as MU brings in an average of $2.4 million in private donations, spends $9.7 million in payroll and wins $3.7 million in outside funds for research.
Professional social work interns provide nearly $1 million dollars annually in volunteer hours and service projects across Missouri.
In 2007, attendance at MU athletic events numbered 805,360, generating $23.5 million in revenue and $1.65 million in sales tax.
MU Extension Publications recently released "The Language of Economic Development," a reference guide for economic developers.
MU watershed management plans educate and change attitudes among livestock and poultry producers. By converting manure to fertilizer, 10 Southwest Missouri counties reduced commercial phosphorus sales by 40 percent, saving producers $3.26 million in fertilizer costs.
In 2007-08, six agricultural business counselors were involved in two grants totaling more than $500,000, and they facilitated an ethanol production facility now operational with annual sales in excess of $100 million and about 45 employees.
