By Barb Arland-Fye
A newly released economic impact study finds that St. Ambrose University in Davenport significantly impacts the Quad-Cities region economically and socially. Quad-City business and civic leaders attested to the university’s importance in the region during an April 24 news conference at the Rogalski Center on campus.
Strategic Economics Group of Des Moines was commissioned to conduct the comprehensive, independent study, said St. Ambrose University President Sister Joan Lescinski, CSJ. She also serves on the board of directors of Quad Cities First, an economic development group which was “looking at how to demonstrate to the wider community the strength of the Quad Cities,” she explained. The study was one way in which to help make that case.
Among the study’s highlights:
• In 2012, St. Ambrose University had an overall impact on the Quad Cities of $188 million in business spending, $73 million in personal income and 1,913 jobs. “Six hundred jobs come from SAU and 1,300 jobs are in existence because of our operations, construction, student spending and visitor spending,” said Mike Poster, the university’s vice president for finance.
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