Economic impact of UWindsor “dramatic and transformative,” says report

The University of Windsor continues to have a dramatic economic impact
on the region and the nation, according to a new study by financial services firm KPMG.

 

The University of Windsor continues to have a dramatic and transformative economic impact on the region, the province, and at a national level, according to a new study by financial services firm KPMG.

A recent Economic Impact Assessment concluded that as all universities prepare for future challenges, “UWindsor is uniquely placed to be a front-runner in meeting these challenges. This reflects its unique location at a major border and the depth and breadth of its educational programming.”

KPMG also points out that UWindsor is an active and important stakeholder in the Windsor-Essex region through the education and training of its students, and has contributed to the productivity and growth of the local economy by:

UWindsor president Rob Gordon said the study’s conclusions indicate the University’s objectives align with the needs of the community and show the institution is moving in the right direction.

“The University of Windsor has a strong commitment to the region we serve — not only through our teaching, learning, and research activities, but through vital collaborations with healthcare, law, social services, business, and other important partners in our community,” he said.

Other findings in the report:

The University receives about $27 million in federal funding annually, directed at research in a wide variety of fields both locally and across the country. These include:

KPMG concludes that, “over the years UWindsor has made many contributions to the economy both locally and nationally. As the University continues to grow and expand, and to further its goal of becoming more regionally and internationally relevant, these impacts will continue.

“These impacts will be key to attract, retain, and educate talented students, retain well-qualified faculty and staff, and to grow its research and program capabilities. As it does so, UWindsor will continue to generate positive social and economic impacts for students, the local and regional economies, and the research sphere.”

Courtesy: https://www.uwindsor.ca/dailynews/2021-05-31/economic-impact-uwindsor-%E2%80%9Cdramatic-and-transformative%E2%80%9D-says-report

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