Princeton and the Economy
Princeton University is committed to ensuring the success of the greater Princeton community and the State of New Jersey. Princeton contributes significantly to the overall economic growth of New Jersey, the quality of life in the region, and provides opportunities for research and discussion on policy issues facing the State and the region.
Economic Impact Reports
This report, prepared for the New Jersey President’s Council, highlights the multiple ways in which New Jersey’s colleges and universities are contributing to the state’s economic vitality as they educate nearly 600,000 students each year. It is based primarily on data collected from the member institutions of the Council – a 53-member board, created in 1994 by the New Jersey state legislature that represents county, state, independent and proprietary colleges and universities.
New Jersey's 14 independent colleges and universities, which contribute $4.9 billion to New Jersey's economy, were identified as a key sector to lead the State out of its financial woes and steer the next round of economic growth according to an independent report prepared by Appleseed and released by the Association of Independent Colleges and Universities in New Jersey (AICUNJ.)
Princeton University engaged the services of Appleseed, an independent based consulting firm with extensive experience in economic and community impact analysis, to prepare a report on the economic impact of Princeton University on its neighboring communities, Mercer County and the state of New Jersey. It is the first time the University commissioned a comprehensive study to assess its direct and indirect financial impacts across the state.
Princeton University participated in a study of the impact of higher education in Mercer County that was conducted by the five institutions of higher education located in the county and published in 2007. Copies of 2 reports that resulted from the study are located in the 2 links above.