Jobs, taxes, development and tourism directly benefit from University of Manitoba

More than $1.8 billion in Province-wide economic activity is stimulated by the University of Manitoba, according to a study released today. The University of Manitoba Economic Impact Analysis, produced by PricewaterhouseCoopers and commissioned by the University of Manitoba, shows that the University has a far- reaching effect upon all Manitobans.

“The University of Manitoba has a real impact upon the lives of all Manitobans,” says Dr. David Barnard, president and vice- chancellor. “From direct economic benefits to cultural and social interactions that enrich and enhance lives, we make a difference.”
The study found that 19,315 jobs have been or will be created in the province by the University of Manitoba, resulting in $745 million in labour force income alone.
Taxes generated by the University produce $286 million in annual revenue, and value-added impact from spin-off firms and other business expenditures amounts to nearly $1.1 billion. Operating, research and capital expenditures totaled $725 million in 2009.
As an example of how the University of Manitoba is reflected in the human landscape, the report notes that most of Manitoba’s practicing engineers are graduates of the Faculty of Engineering. The University of Manitoba is also the foundation of Manitoba’s health research and services, with the vast majority of clinical personnel working in Manitoba are graduates and most health researchers hold academic appointments and are paid employees of the University.
The University of Manitoba receives more than 183,000 out- of-town visitors each year, who contribute more than $102 million to our provincial economy. Out-of-town students alone contribute more than $130 million in spending.
In terms of benefits realized from research and technological advances, it was estimated that ten spin-off companies generated an estimated $239 million.
PricewaterhouseCoopers was commissioned in March 2009 to assess the economic impact of the University of Manitoba on the city and province, examining a host of qualitative and quantitative benefits.
PricewaterhouseCoopers noted that “Total initial expenditures associated with the University of Manitoba include operating and research expenditures made by the University, capital expenditures projected to be spent over the next five years, expenditures made by out-of-town visitors and students, and expenditures from spin-off companies.

Details of the Economic Impact Study can be found online at: umanitoba.ca

For more information, contact John Danakas, director, public affairs department, at: 204-474-8551