The Washington Economics Group

WEG New Study: Embry-Riddle Aeronautical University’s Economic Impact in Florida and Arizona Surpasses $2.3 Billion

The overall economic impacts of premier aviation and aerospace institution Embry-Riddle Aeronautical University in Florida and Arizona now surpasses $2.3 billion – up 44% since 2016, the independent Washington Economics Group (WEG) has reported. Embry-Riddle further supports nearly 18,000 jobs in Florida and Arizona – up from just under 14,000 jobs in 2016, making the university “a leading creator of high-wage employment in both state economies,” according to the new WEG report. With residential campuses in Prescott, Arizona, and Daytona Beach, Florida, Embry-Riddle’s overall activities – including the thriving Research Park, the added earning power of Embry-Riddle alumni in both states, and revenue generated by approximately 125 Embry-Riddle Worldwide campuses – currently amount to $2.37 billion, versus $1.65 billion in 2016, WEG estimated. Jobs generated by Embry-Riddle in both states increased from 13,778 to 17,929 over the same time period. Read full article

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