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LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:02 am
by Rooster Cogburn
The study is finally out:
https://www.liberty.edu/index.cfm?PID=18495&MID=17970
Between 2001 and 2010, university employment increased by 3,023 jobs, or 351 percent.
Between 1992 and 2009, the university’s fall enrollment increased from 8,500 to 46,949, an increase of 38,449 students, or 452 percent*.
Local taxes paid by the university itself, university tenants, employees, students and visitors contributed approximately $8.4 million in tax revenue to the region in 2009; LU generated approximately $5.4 million in tax revenue for the city of Lynchburg.
In 2009, out-of-town visitors to Liberty were responsible for one out of every nine hotel nights spent in the Lynchburg area, resulting in approximately $5.6 million in hotel revenue.
Liberty students and employees provide approximately $4.9 million worth of volunteer service hours in the region each year.
The LaHaye Ice Center attracts more than 100,000 people each year, and the Liberty Mountain Snowflex Centre has received national attention as North America’s only Snowflex synthetic ski slope since opening in August.
Liberty is meeting 100 percent of the regional demand for graduates in the fields of nursing, business/commerce, accounting, business administration and management, among others.
Thoughts?
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:10 am
by LUconn
Liberty University: The difference between Lynchburg and Danville.
100k per year on the Ice Center is pretty impressive. I can't wait for a couple of years until we can get some numbers on the Ski slope. I'm very curious to see how that's doing.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:12 am
by 4everfsu
Maybe the haters on the News & Advance article will stop whining about LU now. Ok hopeful thinking.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:22 am
by ATrain
4everfsu wrote:Maybe the haters on the News & Advance article will stop whining about LU now. Ok hopeful thinking.
Ha, they probably won't even read it.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:23 am
by Rooster Cogburn
This one is the most impressive to me:
Liberty is meeting 100 percent of the regional demand for graduates in the fields of nursing, business/commerce, accounting, business administration and management, among others.
Everytime you go to the Dr. or Hospital most of the nurses are LU grads. Ask them. There is no doubt that Lynchburg is an economic disaster without LU. I love Luconn's statement for the new city slogan.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:23 am
by Cider Jim
Liberty is meeting 100 percent of the regional demand for graduates in the fields of...business/commerce, accounting, business administration and management, among others.
That should make BrysOn and JDUB feel better. I wonder what the percentage is for seminary graduates, because Super will soon be looking for work.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:40 am
by SuperJon
Cider Jim wrote:Liberty is meeting 100 percent of the regional demand for graduates in the fields of...business/commerce, accounting, business administration and management, among others.
That should make BrysOn and JDUB feel better. I wonder what the percentage is for seminary graduates, because Super will soon be looking for work.
I'm already looking. I'm out of here in five weeks whether I've got something lined up or not.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 10:59 am
by LUconn
They probably fulfill 5000% of the areas needs for seminary graduates.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 27th, 2010, 5:26 pm
by 01LUGrad
LUconn wrote:They probably fulfill 5000% of the areas needs for seminary graduates.
Hey, there's always a need for another Baptist church in Lynchburg.

Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 28th, 2010, 12:36 am
by flamesbball84
Liberty is meeting 100 percent of the regional demand for graduates in the fields of nursing, business/commerce, accounting, business administration and management, among others.
So basically that means that LU, LC, Randolph, Sweet Briar, and CVCC are saturating the market with graduates in those fields.
Liberty students and employees provide approximately $4.9 million worth of volunteer service hours in the region each year.
How did they calculate the $4.9 million figure? How many actual hours were there and how did they determine what type of wage to place on the service hours?
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 28th, 2010, 12:44 am
by olldflame
flamesbball84 wrote:Liberty is meeting 100 percent of the regional demand for graduates in the fields of nursing, business/commerce, accounting, business administration and management, among others.
So basically that means that LU, LC, Randolph, Sweet Briar, and CVCC are saturating the market with graduates in those fields.
Liberty students and employees provide approximately $4.9 million worth of volunteer service hours in the region each year.
How did they calculate the $4.9 million figure? How many actual hours were there and how did they determine what type of wage to place on the service hours?
All that 100% figure means is that we graduate enough students to fill the demand. Most of our grads don't choose to stay here, although a percentage each year do (like me.............. over 30 years ago.)
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 28th, 2010, 7:51 am
by Hold My Own
roughly 15% will stay yearly that were not from the area
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 28th, 2010, 8:17 am
by LUconn
flamesbball84 wrote:Liberty is meeting 100 percent of the regional demand for graduates in the fields of nursing, business/commerce, accounting, business administration and management, among others.
So basically that means that LU, LC, Randolph, Sweet Briar, and CVCC are saturating the market with graduates in those fields.
Liberty students and employees provide approximately $4.9 million worth of volunteer service hours in the region each year.
How did they calculate the $4.9 million figure? How many actual hours were there and how did they determine what type of wage to place on the service hours?
How did they come up with any of these figures? It doesn't say. But I would guess most of them are minimum wage positions if they were paid. what is it, 12,000 students? Times 20 hours (I think). times 2 semesters times $7.25 equals $3.48 million. So there's probably something else in there but that's pretty close.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 28th, 2010, 9:24 am
by Cider Jim
They also asked the faculty how many hours we volunteered, and I think there is around 300-400 of us.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: April 28th, 2010, 11:35 am
by blwall1416
Cider Jim wrote:They also asked the faculty how many hours we volunteered, and I think there is around 300-400 of us.
Staff as well....which one would think encompasses that whole "employees" part.
Re: LU makes $217 Million dollar impact in lynchburg in 2009
Posted: May 6th, 2010, 2:52 pm
by rueful
and one of the questions had to do with if we volunteered outside of cser, if i remember correctly.