Norfolk State University Economic Impact Report

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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 Impact In FY2012, NSU’s budgetary expenditures totaled $129 million, including capital and operating expenditures. In addition, NSU students spent $32 million on housing, trans- portation, books, and various personal items. The total spending associated with NSU resulted in an increase in economic output of $248 million in the Hampton Roads Region. Measured in terms of local economic value-added, NSU’s total economic impact on the Hampton Roads Region was $171 million in FY2012. Employment Impact NSU directly employs 1,091 employees. In addition, the University indirectly supported 2,459 jobs and $116 million in labor income in the Hampton Roads Region. Tax Impact Economic activities related to NSU created a total tax impact of $32 million in the Hampton Roads Region. This included $24 million in federal taxes and $8 million in state and local taxes. NSU Provides $171 Million in Annual Economic Impact to the Hampton Roads Region www.nsu.edu Achieving Excellence. Success Beyond Measure. Created by NSU’s Office of Communications and Marketing: (757) 823-8373

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Economic Impact Report

Transcript of Norfolk State University Economic Impact Report

Page 1: Norfolk State University Economic Impact Report

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

Page 2: Norfolk State University Economic Impact Report

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