Universities Strengthen Economy with $115.8 Billion Impact

Date: August 4, 2017 Author: ocsco@ocsco.ca Categories: OCSCO News
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Did you know that according to our new report, "Driving a Prosperous Future: Economic Analysis of the Lasting Impact of Ontario Universities," Ontario's universities make a total economic impact of $115.8 billion on the province's GDP?

But measuring the economic impact of Ontario’s universities tells only part of the story. What it doesn’t quantify are the invaluable ways our students, staff, faculty and researchers are rooted in our communities.

Whether it’s addressing complex issues facing our unique communities, inspiring the researchers who create the life-changing discoveries that help us when we get sick, or by partnering with businesses, communities and governments to equip students with the skills they need for the jobs of today and tomorrow, universities in cities across the province are working together to help build a better future for all Ontarians.

Ultimately, everyone benefits from a strong community, and our communities benefit from the support of our universities. As the province prepares to face numerous challenges and disruptions in the years ahead, the impact of universities demonstrated in our report — the strong communities, economic growth, and talented leaders, employees, and entrepreneurs — will be more important than ever in ensuring all Ontarians thrive.

- David Lindsay, President and CEO, Council of Ontario Universities