Lakeland PBS
❤ Donate
  • Home
  • Support
  • Watch Now
    • Livestream
    • Local Shows
    • Watch Online
    • Schedule
    • Our Channels
    • Webcam
  • Lakeland News
    • News Feed
    • Featured Segments
    • Watch a News Story
    • Watch a Sports Story
  • Shop
  • About
    • Contact Us
    • State Legacy Funding
    • Meetings & Public Filings
    • Education
    • Employment
  • ❤ DONATE

BSU & NTC Have Combined $321 Million Impact On Minnesota Economy

Shirelle Moore — Nov. 28 2018
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • More
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to print (Opens in new window)

“When you’re thinking about the economic impact and you think about the dollars that are invested into higher education and Minnesota State, for every $1 that’s invested, $12 is returned,” says Dr. Faith Hensrud, the president of Bemidji State University and Northwest Technical College.

Bemidji State University and Northwest Technical College impact the region in numerous ways, but thanks to Minnesota State, we can now equate that impact to a number: $321 Million plus 2,700 direct and indirect jobs.

“Minnesota State Colleges and Universities, we meet as presidents on a regular basis, on a monthly basis, and one of the things that we talked about was making sure that we were telling the story about Minnesota State and what the impact of all of the colleges and universities across the entire system was,” says Hensrud.

The $321 million combined impact is broken down into three factors: Direct Effect, which are impacts generated as result of spending by the colleges on capital projects, operations, pay and benefits; Indirect Effect, which is the increase in demand for goods and services that supply or support the colleges, their students and visitors; and Induced Effect, which is created as a result of spending by Minnesota State, its employees, students and suppliers.

When you think about the partnerships BSU and NTC has with local businesses, surrounding tribal colleges and Bemidji High School, the impact is crystal clear.

“We have students who are continually volunteering. They might be out raking leaves. They might be out helping with a project in town, so there’s plenty of opportunities for students to give back and contribute to the community,” says Hensrud.

The goal of the whole Minnesota State study was to provide a full and credible assessment of the total economic and employment impact. That way, contributors know exactly how their investment helps Minnesota.

Hensrud says, “By developing an economic impact study, we’re showing what the impact is of the institutions on the economy of the state, and I think that’s a really important point when speaking to legislatures and lawmakers to really say, ‘Here’s what we’re contributing and now how might that impact what you feel you can invest in us.’”

The last Minnesota State economic impact study was done in 2013. It’s possible another one could be done in 3 to 5 years.

Lakeland News is member supported content. Please consider supporting Lakeland News today.

Donate Today
  • Click to share on Facebook (Opens in new window)
  • Click to share on Twitter (Opens in new window)
  • Click to share on Reddit (Opens in new window)
  • Click to share on Pinterest (Opens in new window)
  • More
  • Click to share on LinkedIn (Opens in new window)
  • Click to share on Tumblr (Opens in new window)
  • Click to share on Telegram (Opens in new window)
  • Click to share on WhatsApp (Opens in new window)
  • Click to print (Opens in new window)

By — Shirelle Moore

Related Posts

BSU’s Move-In Day for Fall Semester Set for This Saturday

The Bemidji Fire Department Welcomes Their First Full-Time Female Firefighter

John Hoffman Takes Over as BSU & NTC’s New President

New BSU AD Britt Lauritsen Officially Introduced as a Beaver at Press Conference

  • Program Schedule

Get the free PBS Video App

roku
Apple TV
FireTV
AndroidTV
Google Play Store
Apple Store

Connect with Us

Watch Lakeland PBS Live Stream!

Contact Us

Directions
Submit an Event
Submit a Video or Photo
Problem with the Website
Need to contact us about something else? Please visit our contact us page for more options.

About Us

Lakeland PBS understands the media that people are exposed to make a significant impact on their lives. Our hope is that the six channels we broadcast along with our online presence provide people with media experiences that make a positive impact on their lives.

Lakeland PBS is where you want to be!

108 Grant Ave NE, Bemidji, MN 56601 | 800-292-0922
KAWE Public Profile | KAWB Public Profile | Cable Provider Channel List | Privacy Policy
Copyright © 2022 Lakeland PBS. All Right Reserved.

How would you like to show your support?

Monthly Contribution

One-Time Contribution

Thank-You Gift

I would like to select a thank-you gift

No Gift

Put 100% of my gift towards programming