UNL's $2.9 Billion Impact
A report by a national consulting firm shows UNL’s yearly economic impact is 2.9 billion dollars. UNL alone makes up more than half of the 5.8 billion dollar impact of the University of Nebraska system— together including UNL, UNK, UNO and UNMC.
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[00:00:00.000]Stephanie Dinger is a UNL graduate
[00:00:02.610]and Vice-President of Small Business Banking
[00:00:05.080]at Union Bank & Trust in Lincoln.
[00:00:07.130]She and her husband
[00:00:08.270]have started their own successful small businesses.
[00:00:11.760]What I love most about my job
[00:00:13.640]is I have the opportunity to truly transform lives.
[00:00:18.572]UNL alumni, faculty staff and students
[00:00:21.650]have an impact on the economy
[00:00:23.350]as business and homeowners, taxpayers,
[00:00:26.040]volunteers in their communities
[00:00:28.110]and workforce development is key.
[00:00:30.590]I think the university is such a platform
[00:00:32.780]for helping businesses like ours, as well as the bank,
[00:00:35.880]retain talented people in Nebraska.
[00:00:38.573]A report by a national consulting firm
[00:00:41.150]shows UNL's overall economic impact
[00:00:43.820]was $2.9 billion in 2021,
[00:00:47.220]up from 2.2 billion in 2019.
[00:00:50.413]This is a huge economic impact.
[00:00:52.760]One of the biggest drivers in the state of Nebraska
[00:00:55.250]is the university of Nebraska-Lincoln.
[00:00:57.450]Economic Development Analyst, Paul Umbach
[00:01:00.150]says the impact is about more than just numbers.
[00:01:03.900]It's the value of the graduates, the alumni,
[00:01:07.120]it's the value of businesses
[00:01:08.880]that have partnerships with the university,
[00:01:11.760]technology transfer, business spin-offs that come out.
[00:01:16.120]So there's a ripple that's much greater
[00:01:19.940]than just the economic impact of the university.
[00:01:23.240]The university and business connection
[00:01:25.210]helps boost the workforce.
[00:01:26.970]And when we combine and partner
[00:01:28.420]that education and business piece,
[00:01:30.115]we can really attack big issues economically for the state.
[00:01:34.960]Through research and engagement,
[00:01:36.570]the university enhances agriculture, food and water,
[00:01:39.960]early childhood education,
[00:01:41.590]science, technology and engineering.
[00:01:44.050]It makes me extremely proud
[00:01:46.320]that our land-grant university
[00:01:48.060]is continuing to have this pivotal effect
[00:01:51.500]on the citizens of the state of Nebraska.
[00:01:54.190]UNL's vision for the future,
[00:01:56.020]continued growth and support for Nebraska.
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