Vancouver Island University (VIU) contributes more than $406 million annually to the economy of Vancouver Island, the Sunshine Coast and British Columbia, according to a new report released today.
In the VIU Economic Impact Analysis and Community Engagement Report, VIU is shown to be responsible for $200 million in value-added impacts, producing 3,090 jobs, and generating $38 million in tax revenue.
While providing in-depth details on the University’s economic impact, the report also demonstrates VIU’s impact on the social, cultural and environmental life of its regions, including the impact of international students, capital projects, student and visitor expenditure and job creation.
“As this report demonstrates, VIU is making significant and important contributions to the economic, social, educational, environmental and cultural prosperity of the regions it serves,” said VIU President and Vice-Chancellor Dr. Ralph Nilson at a launch event held today at the Nanaimo Campus. “I look forward to continuing to collaborate with our community partners in order to pursue opportunities to expand and build on that positive impact.”
The report was prepared by Roslyn Kunin & Associates and draws on statistical analysis and numerous interviews with VIU community members and external partners.
“Roslyn Kunin & Associates examined and analyzed the quantifiable results of what VIU has been doing in the community and the province,” explained Dr. Roslyn Kunin, president of Roslyn Kunin & Associates.
“We also learned about the positive, qualitative impacts of VIU from interviews with local leaders of several sectors. It’s clear VIU has helped Nanaimo and the surrounding areas meet the challenges of the 21st century and is poised to continue to do so.”
The full report can be viewed online at www.viu.ca/impact<http://www.viu.ca/impact>.