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The Mass Media

The Mass Media

The Mass Media

UMass’ economic contributions: More than just numbers

Students+sit+outside+the+Campus+Center+over+the+summer.+Photo+by+Olivia+Reid+%2F+Photography+Editor.
Olivia Reid
Students sit outside the Campus Center over the summer. Photo by Olivia Reid / Photography Editor.

As the first quarter ends and headlines buzz with tales of corporate triumphs and setbacks, it’s a fitting time to reflect on achievements closer to home. While Tesla may be taking a hard hit this year [1], UMass Boston students can take pride in the remarkable strides their institution has made. Beyond the harbor city’s shores, the entire UMass system stands as a beacon of educational excellence, enriching not just individual lives, but the entire Commonwealth of Massachusetts. 

Just recently, a video was posted on the University of Massachusetts system’s LinkedIn page featuring President Marty Meehan proudly detailing the system’s most recent accomplishments [2]. With enthusiasm, he shared significant statistics: Over 74,000 students are educated in the 5-campus university, and more than 20,000 graduates are produced annually.  

These are not just numbers—they represent pathways to employment, sources of livelihood and engines of economic prosperity. Each graduate contributes not just to their own success, but also the collective growth of our community. 

UMass Boston’s role in this regard is equally noteworthy. In a published article describing the individual impact of each campus within the 5-campus system, it was revealed that UMass Boston alone has supported over 7,000 jobs within the Massachusetts economy [3]. Moreover, its cumulative effect translates into $1.2 billion in economic activity. These figures, as identified by the Donahue Institute at UMass Amherst, underscore UMass Boston’s pivotal role as a key economic engine in the Commonwealth, exerting a profound influence on the lives of every resident in the state. 

As we delve into the broader impact of UMass Boston and its economic significance, it’s essential to recognize that these contributions are not abstract concepts, but integral parts of the university’s ongoing narrative. Beyond the impressive economic statistics, the essence of UMass Boston’s impact is felt in the day-to-day experiences of its students.  

The various departments saddled with the responsibility of addressing student challenges, such as securing a job and improving in academics, emphasize the institution’s commitment to nurturing student success. In this way, UMass Boston’s economic influence isn’t just about numbers; it’s about the tangible support and opportunities it provides to its community. 

Moreover, research stands as a cornerstone of UMass Boston’s identity. As a part of the only public research university system, it is no surprise that UMass Boston buzzes with intellectual curiosity across disciplines, from the intricacies of Physics to the complexities of Health Services. Within this vibrant ecosystem, passionate minds converge to tackle pressing questions and address looming challenges.  

While these endeavors may appear as part of the routine of university life, they ripple outward, exerting a profound influence on the broader community. Indeed, the cumulative impact of these scholarly pursuits highlights UMass Boston’s pivotal role as a catalyst for positive change, both locally and beyond. 

However, the positive contributions to the state’s economy aren’t solely generated by internal activities of the school. External factors also play a significant role, with one of the most noteworthy being off-campus spending. Over 12,000 enrolled students, a substantial portion of the student population, engage in direct spending off-campus, as reported by the Donahue Institute [3].  

This spending not only injects money into the local economy but also generates additional economic activity. So, whether it was singing your heart out at karaoke on a Friday night or dining at your favorite local restaurants, each excursion contributed to the economic well-being of the community. 

Though the contributions from UMass Boston and the University of Massachusetts system are undeniably impactful, there’s still room for greater influence. While statistics point to a positive economic trajectory for the University of Massachusetts system, various student experiences reveal areas that require attention to achieve holistic success. 

Above all, credit must be given to the administration for steering the system toward such remarkable achievements. As a result, UMass Boston students now have even more reasons to take pride in their university.  

 

SOURCES: 

[1] https://www.wsj.com/articles/tesla-tsla-q1-earnings-report-2023-6b441d30  

[2] https://www.linkedin.com/posts/university-of-massachusetts_driving-economic-impact-in-massachusetts-activity-7173083185155678209-Oubh  

[3] https://www.massachusetts.edu/umass-economic-report 

 

About the Contributor
Olivia Reid, Photo Editor