Northwestern State University added nearly half a billion dollars to the economy in northwest and central Louisiana during the 2023 to 2024 fiscal year, according to a new study.
A new economic impact report shows how Northwestern State University continues to strengthen the region through jobs, student success and support for local businesses. Conducted by labor market analytics firm Lightcast, the study highlights a total economic impact of $497.1 million and more than 7,000 jobs supported across NSU’s 10-parish service area.
The university’s spending, research and daily operations created meaningful financial value. NSU generated $76.3 million in operating expenses and $65.1 million through businesses that formed because of its programs. Visitors contributed $11 million and students added another $9.3 million through local spending. Volunteer service led by the university was valued at $2.2 million. The biggest contributor came from alumni, whose careers added $333.2 million in regional income.