Morgan State University contributes $990 million annually to Maryland’s economy and $574 million within the city of Baltimore, according to a study conducted by Philadelphia-based economics firm, Econsult Solutions, Inc.
Additionally, the university supports more than 6,500 jobs across the state, and almost 4,000 of those jobs are located in Baltimore.
The recent study compiled data from the fiscal years of 2014-2019 and focused on the sectors of operations, capital investments, wage premium, student and visitor spending, commitment to community, innovation and economic opportunities forlocal and diverse populations.
Morgan State University, a historically Black school in Baltimore, provides education to 7,700 students and employs 2,100 people annually. It is a state-funded university and, in turn, has provided revenue and benefits back into the state of Maryland, according to the report.
Since its founding in 1867, more than 50,000 degree students have graduated from the university.
“Morgan is ensuring that an increasingly valuable commodity, a college degree, is achievable to more people, thereby increasing participation in today’s knowledge-based economy,” said Econsult Solutions, Inc. in their report.
Over the past six years, Morgan has expanded its campus and constructed three new buildings, including Martin D. Jenkins Hall, the Morgan Business Center and the Calvin and Tina Tyler Hall Student Services Building to the tune of more than $207 million in capital investments. The facilities have created jobs and generated statewide tax revenue, the report states.
