N.D. universities laud system's impact on economy
BISMARCK, N.D. (AP) -- The North Dakota University System says its impact on the state's economy is worth $3.7 billion a year.
The system, which includes the University of North Dakota and North Dakota State University, released a study Tuesday of its effect on North Dakota's economy.
The study estimated that state universities contributed almost $1 billion into local economies in the 2009 fiscal year and another $300 million through student spending.
According to the study, that money multiplies when cycled through the state's economy.
In a statement, university system chancellor Bill Goetz argued that North Dakota's investments in higher education pay off later.