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Norfolk State University Economic Impact Report
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Transcript of Norfolk State University Economic Impact Report
![Page 1: Norfolk State University Economic Impact Report](https://reader033.fdocuments.us/reader033/viewer/2022042903/568c51fa1a28ab4916b4d341/html5/thumbnails/1.jpg)
NSU is the largest Historically Black College or University (HBCU) in
Virginia and one of the largest HBCUs in the country. In the fall of 2011,
NSU’s enrollment of 7,091 students included 6,264 undergraduate students
and 827 graduate students. NSU has a total work force of 1,091 people,
including 263 full-time faculty members, 688 administrators and full-time
staff members, and 140 part-time employees.
NSU offers a wide range of educational programs, including 30 bachelor’s
degrees, 2 associate’s degrees,16 master’s degrees and 3 doctoral
degrees. The University comprises eight divisions: the College of Liberal
Arts; the College of Science, Engineering and Technology; the School of
Business; the School of Education; the Honors College; the Graduate
School; the School of Extended Learning; and the Ethelyn R. Strong
School of Social Work.
Total Economic ImpactIn FY2012, NSU’s budgetaryexpenditures totaled $129million, including capital andoperating expenditures. Inaddition, NSU students spent$32 million on housing, trans-portation, books, and variouspersonal items. The totalspending associated withNSU resulted in an increasein economic output of $248million in the Hampton RoadsRegion. Measured in terms oflocal economic value-added,NSU’s total economic impacton the Hampton Roads Regionwas $171 million in FY2012.
Employment ImpactNSU directly employs 1,091employees. In addition, theUniversity indirectly supported2,459 jobs and $116 million inlabor income in the HamptonRoads Region.
Tax ImpactEconomic activities related toNSU created a total tax impactof $32 million in the HamptonRoads Region. This included$24 million in federal taxesand $8 million in state andlocal taxes.
NSU Provides $171 Million inAnnual Economic Impact tothe Hampton Roads Region
www.nsu.eduAchieving Excellence. Success Beyond Measure.
Created by NSU’s Office of Communications and Marketing: (757) 823-8373
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Other Social and Economic Impact
There are a number of
centers, programs,
and organizations
affiliated with NSU that
generate additional
social and economic
impact on the local
community. The popu-
lations served by these
centers, programs and affiliates are varied. The population
served include returning students, private industry, low-
income community members, entrepreneurs, seniors, and
disadvantaged youth. Most of these centers, programs,
and organizations fall under the umbrella of economic
development. Some examples include:
• NSU Micro- and Nano-Technology Center
• NSU Creative Gaming and Simulation Lab
• NSU Ernest M. Hodge Institute for Entrepreneurship
• NSU Research & Innovation Foundation
• NSU Virginia Beach Higher Education Center
• Brambleton Community Outreach Center
• WoMen’s Economic Development Center
• NSU Science and Technology Education Preparation
for High School Juniors and Seniors
• Center for Materials Research
NSU’s Contribution to the Life-Time Earnings of its Graduates
NSU contributes to the local community by helping its
graduates obtain better paying employment over the
course of their lives than they might otherwise have
been able to do. According to the 2010 American
Community Survey results, a university education is
associated with an approximate increase in life-time
earnings of $310,040 for an associate degree holder,
$1,003,000 for a bachelor degree holder, and $905,880
for a graduate or professional degree holder, assuming
each graduated student works 40 years after graduation.
For the cohort of 1,033 students who graduated in 2011,
NSU contributes $960 million to their life-time earnings.
NORFOLK STATE UNIVERSITY 2011-2012 ECONOMIC IMPACT REPORT
NSU’s Contribution to Life-time Earnings of Graduates
$20,000
$40,000
$60,000
$80,000
High SchoolDiploma
AssociateDegree
BachelorDegree
Graduate or ProfessionalDegree
$27,801 $27,801 $27,801
$52,876$0 $7,751
$25,075
$22,647
Marginal Annual Earnings Relative to Next Lower Level of Educational Attainment
Average Annual Salary Attributed to Previous Levels of Educational Attainment
$0
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Center for Materials Research
Norfolk State University’s Center for Materials Research
(CMR) conducts cutting-edge research in state-of-the-
art facilities in the McDemmond Center for Applied
Research. CMR faculty members are nationally and
internationally renowned researchers dedicated to
furthering knowledge in their respective disciplines.
Their core research focuses on problems of fundamental
and practical importance in cutting-edge materials for
telecommunications technologies, laser materials and
optical computing; polymers for solar energy applica-
tions; and synthesis of several types of nanomaterials
for medical, environmental, and energy applications.
Micro- and Nano-Technology Center
Micro- and Nano-Technology Center
(MiNaC) Cleanroom is a 6,000-square-
foot cleanroom facility that provides unique
processing capabilities in the production of
microelectronics and optoelectronics
devices on the micro- and nano-scale.
The MiNaC comprises NSU’s most
robust research facility, and extends
the on-campus research capabilities into
fabrication and development of optical and
microelectronics devices for a wide range
of applications, including bio-chemical
sensing, renewable energy, and neural
probes. MiNac is available on a user-fee
basis to industry and governmental users
from the Hampton Roads Region and
beyond. It is the first facility of its kind
at one of the nation’s Historically
Black Colleges and Universities.
The NSU Ernest M. Hodge
Institute for Entrepreneurship is a
campus-wide Institute. The goal of
the Institute is to promote entrepre-
neurial education and the practice of
entrepreneurship. The Institute, originally
founded as the Ernest M. Hodge Center for
Entrepreneurship, was conceived and funded
beginning in 2005 by NSU alumnus Ernest M. Hodge,
owner of one of the largest Black-owned businesses
in the United States. Institute resources are available
to assist alumni and community members as they
seek to translate their ideas or technologies into
viable commercial ventures.
$28 millionFederalTaxes
$248 million Expenditures
and Spending
$129 million Budgetary
Expenditures
$116 millionLabor
Income
NORFOLK�STATE�
UNIVERSITY�
ECONOMIC�
IMPACT�REPORT:�
$171 MILLION
The NSU Ernest M. Hodge Institute for Entrepreneurship
$32 millionStudents
Spent
$32 millionTax Impact
$8 millionState and
Local Taxes
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A proposed entry site plan has beendeveloped with an estimated constructioncost of $750,000. The new, elegantcampus entrance calls for the creation ofa sense of place for all who enter thegates of NSU, giving credence to themotto: Behold, the Green and Gold. Theclean, expansive design will employ anoverarching gateway that will buffer theinternal campus environment from thebusy main artery. The entry from ParkAvenue will allow those who travel thisroad to view the proposed campus visitorscenter through two elegantly designed
brick pillars as they pass.
Current and Upcoming Renovations
For more information, including a Technical Report:
Please contact Kim Luckes
Executive Vice President and Chief Operating Officer
Norfolk State University • 700 Park Avenue, Suite 510 • Norfolk, Virginia 23504
Phone: (757) 823-2886 • Email: [email protected]
The new Classroom and Nursing building’slocation on the NSU campus will furtherestablish the new academic quadrangleanchored by the new Lyman BeecherBrooks Library on one end and therecently opened Student Center on theother. The new 140,286-square-foot facil-ity has a total project cost of $45,269,968and will feature more than 32 classrooms,five computer labs, 20 group study roomsand 10 nursing and medical technologylabs. Also included are 68 faculty andstaff offices, three conference rooms,several lounges, a cafe and a new IThelp desk. The nursing labs will have48 beds with 18 of those used forsimulation. The simulation area beds willbe wired to a dedicated clinical skills
observation control room. The classroomand nursing building will include a robusttechnology infrastructure for student
access and state-of-the-art classroomsincluding five classrooms with virtualteleconferencing capabilities.
Classroom and Nursing Building
The University's master plan calls forthe development of the physical plantto accommodate an 8,000 studentenrollment. Plans include creating acampus with a defined edge that willprovide a much-needed sense of arrivalusing a gateway aesthetic. Additionally,the campus master plan will addressfunctional zoning areas, develop spaceallocation, reallocate parking for greater
efficiency, establish priorities for existingand future campus buildings, and will
provide directional definition for futureexpansion and potential land acquisitions.
Master Plan
New Entry Gate 1: View from Park Avenue