PBA’s Impact on the County Rises to $396 Million
Palm Beach Atlantic University projects an impact of $396,255,275 on Palm Beach County’s economy this academic year, according to the University’s Office of Institutional Assessment, Accreditation and Research. This is a $1.2 million increase over a year ago.
“The character of our students play a substantial role in PBA’s impact in the community. Students engage in volunteerism through Workship. They perform various jobs through internships and, upon graduation, many make the decision to stay in Palm Beach County and begin their careers,” says William M. B. Fleming Jr. “This year we look forward to the grand opening of the Rinker Sports Center, as well as the Titus Center for Franchising. Through these additions to our campus, we hope to continue to positively impact the community.”
The University spends 98 percent of its annual budget in the Palm Beach County area to the tune of $65,274,000, not including employee salaries. As most of the faculty and staff spend the larger part of their salaries locally and their households contain other wage-earners, the economic impact of faculty and staff salaries is an additional $33,320,000.
Students account for $51,186,632 through housing, meals, transportation and miscellaneous expenses and purchases.
The University attracts 40,939 visitors annually through visits of prospective students and their families, athletes and overnight spectators, business and educational association meetings held on campus and audience members for music, dance and theatre productions. Food and accommodations represent an impact of $6,688,663.
An indirect multiplier of 2.5 was used to arrive at the total.
In addition, PBA students contributed 135,521 service hours to churches and nonprofit agencies across Palm Beach County during the 2016-2017 academic year through Workship, the University’s signature community service program. Since 1968, the year the University was founded, PBA students have logged 3,216,031.15 service hours. The program’s economic impact is estimated at $2,032,815.