The Buck Starts Here
In the fall of 2002, we commissioned Campus Economic Impact Services to make a comprehensive study of the economic impact UMaine Farmington has on the local economy.
A $22 Million Annual Impact
In the study, economist Roy Van Til concludes that the total economic impact of UMF upon Farmington and Franklin County is an estimated $22.16 million per year.
| The study segregates the economic impact of the University on Farmington and Franklin County into three categories: | |
|---|---|
Direct Economic Impact(consumption/rents by UMF faculty, staff, students) |
$17.37 million/year |
Secondary Economic Impact(increased value of area real estate, UMF internships) |
$1.03 million/year |
Implicit Economic Impact(value of UMF student teaching, cultural events) |
$3.76 million/year |
Total Economic Impact |
$22.16 million/year |
A copy of the full report, The Economic Impact of UMF Upon Farmington and Franklin County, is available at UMF's Mantor Library. The public is welcome to study it. For more information about this summary or the full report, contact: Bill Geller, UMF Vice President for Administration, geller@maine.edu or tel: 207-778-7280.
