As the largest university in the state, UW-Madison is a lead generator for state and local tax revenue and supports Wisconsin jobs, according to a university release.
A study conducted by NorthStar Consulting Group found UW-Madison, UW Hospital and Clinics and startup companies sustain 193,310 jobs and more than $847.5 million in both state and local taxes.
The university supported the creation of 311 startup companies, which foster 24,972 state jobs and supply $2.3 billion to the state economy, according to the release.
UW-Madison Chancellor Rebecca Blank praised the university’s contribution to Wisconsin’s economic status.
"The University of Wisconsin has thrived because of the investment Wisconsin's taxpayers and leaders have made over many generations," Blank said in the release. "In turn, we are now a major economic driver. This study shows that there is no doubt that a strong UW-Madison is essential to the growth of Wisconsin's economy."
