Making a DifferenceLoyola University New Orleans positively impacts the Greater New Orleans area in anumber of obvious ways: it has provided outstanding Jesuit education for nearly 100years; it has launched a vast array of high-profile community service and social justiceprojects; it provides the community innumerable cultural and fine arts venues andprograms; its faculty research projects contribute to a variety of academic disciplines,especially in the study of the environment; its seminars, workshops, and continuingprofessional education provide excellent educational and training opportunities for thecommunity at large; and its continuing national recognition for excellence in highereducation enhances the stature of the city of New Orleans in the nation’s eye.

What might not be as obvious is the role Loyola University plays as a major businessenterprise, with significant impact on the Greater New Orleans and Louisianaeconomies. It purchases goods and contracts services from a substantial assortment oflocal companies, and provides salaries to its personnel for investment in the community.It also contributes in less direct—but no less consequential—ways, by increasing theearnings of its graduates, imparting valuable skills upon the local workforce, attractingnew businesses, and increasing property values. While not measurable, local businessesalso benefit from resident students’ expenditures in housing, utilities, consumer goods,entertainment, and taxes.

While some aspects of Loyola’s economic impact are not quantifiable, many of them are.This Economic Impact Report presents the 2009 – 2010 quantifiable impacts of Loyola onits community.

A SIGNIFICANT IMPACT During 2009 – 2010, Loyola’s economic impact amounted to $128.9 million, the majority ofwhich went directly into the Greater New Orleans and Louisiana economies.

Loyola’s $28.5 million in direct expenditures included utilities, insurance, debt service, andmiscellaneous expenses, along with its $54.4 million payroll and its $15.2 million allotted toemployees via fringe benefits.

Loyola also received a $35 million bond from the Louisiana State Bond Commission forconstruction and renovation projects, directly impacting local architects, contractors, material suppliers, and laborers. It is estimated more than 140 jobs are being created to staff the state-bond-funded construction projects.

2009 – 2010 ECONOMIC IMPACT REPORT

Information has been provided by the College of Business and the Loyola University New Orleans Carnegie Committee

www.loyno.edu

6363 St. Charles AvenueNew Orleans, LA 70118

$128.9 MILLION LOYOLA UNIVERSITY NEW ORLEANS TOTAL ECONOMIC IMPACT

$127.2 million Direct and Indirect Spending

$28.5 million Budgeted Operating Expenses

$3.9 million Utilities

$3 million Insurance premiums

$2.1 million Debt service

$19.6 million Miscellaneous expenses

$39.8 million Employee consumption spending

$35 million State bond-financed construction

$15.2 million Fringe benefit expenses paid out

$4.8 million Debt serviced from endowment

$3.9 million Expensed capital costs

$1.73 million Total state income tax revenue

$1.47 million Income tax generated by payroll

$.26 million Tax generated by temporary labor

1,074 Total Number of Directly Employed Personnel

308 Full-time faculty

423 Full-time administrators and staff

343 Adjunct or part-time faculty and staff

4,910 Undergraduate, Graduate, and Professional Students*

2,798 Undergraduate students

2,112 Graduate and professional students

A MAJOR EMPLOYERIn a community of limited heavy industry and abundant small businesses, Loyola is a major employer.

Loyola employs 731 full-time faculty, staff, and administrators, along with 243 part-time or adjunct faculty and staff. Of Loyola’s $54.4 million payroll, Loyola employees retained an estimated $39.8 million in disposable income (afterestimated tax and savings adjustments), much of which they presumably spend in the Greater New Orleans area.

University employees’ $15.2 million in fringe benefits supports local health care,insurance, retirement, and other benefits providers in the state. The labor-intensive nature of the higher-education industry makes Loyola more economically consequential than other businesses whose expenses include fewer employees and more materials brought in from other regions.

A MAGNET FOR TALENTLoyola attracts talented individuals from around the world to live and work in New Orleans.

The majority of the 1,074 employment positions at Loyola during 2009 – 2010required highly skilled personnel with specialized training and expertise. ManyLoyola employees are from outside of the state, or outside of the country, andlikely would not be working in New Orleans if not for Loyola. Many students whograduate from Loyola remain as alumni to live and work as productive communitycitizens, consistently adding well-trained and highly paid citizens to the city.

A COMMUNITY COMMITMENTLoyola’s community service engagement and social justice programsprovide substantial value through direct expenditures, volunteermanpower, and skills training.

U.S. News and World Report recently included Loyola among the 29 schoolsin the nation recognized for service learning programs. In 2009 – 2010,Loyola spent $8.45 million on community engagement—65 percent camefrom the annual operating budget, and 35 percent from grants anddonations. This funding supported academic centers dedicated to socialjustice issues, faculty scholarship of community engagement, studentengagement activities, legal clinics for low-income populations, andinstitutes to improve community capacity. Classes across Loyola’s curriculumrequired students to volunteer hours for local companies and organizations,increasing the value for those and the clients they serve.

A PLAN FOR THE FUTURELoyola’s plans include a variety of projects that will further engage itwith local economies.

The $35 million bond Loyola received from the Louisiana State Bond Commissionfor renovation and expansion of facilities, classrooms, and parking on the main and Broadway campuses will provide an estimated additional 140 jobs on top ofnormal university operations. The projects funded by this bond are but a smallpart of Loyola’s bold vision, which includes a technologically robust andenvironmentally sustainable residential campus, and new distinctive academic and community programs, all of which will further engage Loyola in the economies of New Orleans and the surrounding region.

LOYOLA UNIVERSITY NEW ORLEANS 2009 – 2010 ECONOMIC IMPACT REPORT

(Office equipment, travel, food,community engagement, etc.)

(Health care, disability or life insurance,retirement plans, etc.)

(Plant, property, and equipmentpurchase and maintenance costs)

* Total number of Loyola students, the majority of whom indirectly impacted the New Orleans economy throughpersonal expenditures in housing, utilities, food and beverage, gasoline, retail, entertainment, and taxes.

$128.9 MILLION LOYOLA UNIVERSITY NEW ORLEANS TOTAL ECONOMIC IMPACT

$127.2 million Direct and Indirect Spending

$28.5 million Budgeted Operating Expenses

$3.9 million Utilities

$3 million Insurance premiums

$2.1 million Debt service

$19.6 million Miscellaneous expenses

$39.8 million Employee consumption spending

$35 million State bond-financed construction

$15.2 million Fringe benefit expenses paid out

$4.8 million Debt serviced from endowment

$3.9 million Expensed capital costs

$1.73 million Total state income tax revenue

$1.47 million Income tax generated by payroll

$.26 million Tax generated by temporary labor

1,074 Total Number of Directly Employed Personnel

308 Full-time faculty

423 Full-time administrators and staff

343 Adjunct or part-time faculty and staff

4,910 Undergraduate, Graduate, and Professional Students*

2,798 Undergraduate students

2,112 Graduate and professional students

A MAJOR EMPLOYERIn a community of limited heavy industry and abundant small businesses, Loyola is a major employer.

Loyola employs 731 full-time faculty, staff, and administrators, along with 243 part-time or adjunct faculty and staff. Of Loyola’s $54.4 million payroll, Loyola employees retained an estimated $39.8 million in disposable income (afterestimated tax and savings adjustments), much of which they presumably spend in the Greater New Orleans area.

University employees’ $15.2 million in fringe benefits supports local health care,insurance, retirement, and other benefits providers in the state. The labor-intensive nature of the higher-education industry makes Loyola more economically consequential than other businesses whose expenses include fewer employees and more materials brought in from other regions.

A MAGNET FOR TALENTLoyola attracts talented individuals from around the world to live and work in New Orleans.

The majority of the 1,074 employment positions at Loyola during 2009 – 2010required highly skilled personnel with specialized training and expertise. ManyLoyola employees are from outside of the state, or outside of the country, andlikely would not be working in New Orleans if not for Loyola. Many students whograduate from Loyola remain as alumni to live and work as productive communitycitizens, consistently adding well-trained and highly paid citizens to the city.

A COMMUNITY COMMITMENTLoyola’s community service engagement and social justice programsprovide substantial value through direct expenditures, volunteermanpower, and skills training.

U.S. News and World Report recently included Loyola among the 29 schoolsin the nation recognized for service learning programs. In 2009 – 2010,Loyola spent $8.45 million on community engagement—65 percent camefrom the annual operating budget, and 35 percent from grants anddonations. This funding supported academic centers dedicated to socialjustice issues, faculty scholarship of community engagement, studentengagement activities, legal clinics for low-income populations, andinstitutes to improve community capacity. Classes across Loyola’s curriculumrequired students to volunteer hours for local companies and organizations,increasing the value for those and the clients they serve.

A PLAN FOR THE FUTURELoyola’s plans include a variety of projects that will further engage itwith local economies.

The $35 million bond Loyola received from the Louisiana State Bond Commissionfor renovation and expansion of facilities, classrooms, and parking on the main and Broadway campuses will provide an estimated additional 140 jobs on top ofnormal university operations. The projects funded by this bond are but a smallpart of Loyola’s bold vision, which includes a technologically robust andenvironmentally sustainable residential campus, and new distinctive academic and community programs, all of which will further engage Loyola in the economies of New Orleans and the surrounding region.

LOYOLA UNIVERSITY NEW ORLEANS 2009 – 2010 ECONOMIC IMPACT REPORT

(Office equipment, travel, food,community engagement, etc.)

(Health care, disability or life insurance,retirement plans, etc.)

(Plant, property, and equipmentpurchase and maintenance costs)

* Total number of Loyola students, the majority of whom indirectly impacted the New Orleans economy throughpersonal expenditures in housing, utilities, food and beverage, gasoline, retail, entertainment, and taxes.

Making a DifferenceLoyola University New Orleans positively impacts the Greater New Orleans area in anumber of obvious ways: it has provided outstanding Jesuit education for nearly 100years; it has launched a vast array of high-profile community service and social justiceprojects; it provides the community innumerable cultural and fine arts venues andprograms; its faculty research projects contribute to a variety of academic disciplines,especially in the study of the environment; its seminars, workshops, and continuingprofessional education provide excellent educational and training opportunities for thecommunity at large; and its continuing national recognition for excellence in highereducation enhances the stature of the city of New Orleans in the nation’s eye.

What might not be as obvious is the role Loyola University plays as a major businessenterprise, with significant impact on the Greater New Orleans and Louisianaeconomies. It purchases goods and contracts services from a substantial assortment oflocal companies, and provides salaries to its personnel for investment in the community.It also contributes in less direct—but no less consequential—ways, by increasing theearnings of its graduates, imparting valuable skills upon the local workforce, attractingnew businesses, and increasing property values. While not measurable, local businessesalso benefit from resident students’ expenditures in housing, utilities, consumer goods,entertainment, and taxes.

While some aspects of Loyola’s economic impact are not quantifiable, many of them are.This Economic Impact Report presents the 2009 – 2010 quantifiable impacts of Loyola onits community.

A SIGNIFICANT IMPACT During 2009 – 2010, Loyola’s economic impact amounted to $128.9 million, the majority ofwhich went directly into the Greater New Orleans and Louisiana economies.

Loyola’s $28.5 million in direct expenditures included utilities, insurance, debt service, andmiscellaneous expenses, along with its $54.4 million payroll and its $15.2 million allotted toemployees via fringe benefits.

Loyola also received a $35 million bond from the Louisiana State Bond Commission forconstruction and renovation projects, directly impacting local architects, contractors, material suppliers, and laborers. It is estimated more than 140 jobs are being created to staff the state-bond-funded construction projects.

2009 – 2010 ECONOMIC IMPACT REPORT

Information has been provided by the College of Business and the Loyola University New Orleans Carnegie Committee

www.loyno.edu

6363 St. Charles AvenueNew Orleans, LA 70118