The University of Toledo
Economic Impact Report Fact Sheet
Icon of the Toledo, Ohio $3.3 Billion
Total Economic Impact
The University of Toledo is a major force in the economy of greater Toledo. In addition to the enormous direct and indirect/induced economic impact the University has on the region, thousands of UT alumni and faculty remain in the region, contributing to the growth and development of Toledo. This helps Toledoans and the region move up and move forward.
Economic Impact Report Fact Sheet
Icon of the Toledo, Ohio Icon of the Toledo, Ohio
 $3.3 Billion
Total Economic Impact
The University of Toledo is a major force in the economy of greater Toledo. In addition to the enormous direct and indirect/induced economic impact the University has on the region, thousands of UT alumni and faculty remain in the region, contributing to the growth and development of Toledo. This helps Toledoans and the region move up and move forward.
Economic Impact Report Fact Sheet
Icon Money Stack
$1.35 Billion
from the University to the Toledo Area
  • Direct: $769 Million
  • Indirect/induced: $582 Million
Icon Money Stack 2
$1.98 Billion
contribution of faculty and alumni to economic growth and competitiveness
The University of Toledo has
155,500
living alumni
Collage of graduation cap icons. Highlighted to indicate 155,500 alumni.
X 10,000
33% pie chart graphic 33% pie chart graphic
of alumni have remained in
the Toledo MSA
The University of Toledo has
155,500
living alumni
Collage of graduation cap icons. Highlighted to indicate 155,500 alumni.
X 10,000
33% pie chart graphic 33% pie chart graphic
of alumni have remained in
the Toledo MSA
TOP RANKED
institution in the region and
2nd in Ohio for
social mobility
UT ranks among the
HIGHEST
compared to other Ohio public
research universities for graduates'
income mobility
* nytimes.com/interactive/projects/college-mobility/university-of-toledo
Student growth icon 20,381
STUDENTS
Wallet icon
$340 Million
student and visitor spending impact
Student growth icon
20,381
STUDENTS
Wallet icon
$340 Million
student and visitor spending impact
2ND
Largest
employer in the Toledo region
* Regional Growth Partnership, Major Employers - Toledo MSA Report
Icon Cash
$616.8 Million
total payroll impact
  • Direct: $362 Million
  • Indirect/induced: $254.8 Million
Icon Job ID
13,498 Jobs
University-supported jobs
  • Direct: 9,305 jobs
  • Indirect/induced: 4,193
Icon Bar Chart
University operations and associated economic activity contributed
$44.4 Million
in state and local taxes
Icon Multiple IDs
Every job at UT means
2.6 Jobs
in the local economy
For every $1
invested by
the State		 1:10 $10 of economic impact is generated to the local economy
For every $1
invested by
the State		 1:10 $10 of economic impact is generated to the local economy
For every $1 invested by the State
1:10
$10 of economic impact is generated to the local economy
Hospital icon Economic outputs
attributable to The University of Toledo
Medical Center total
$417.6 Million
to the local area
  • Direct: $233.5 Million
  • Indirect/induced: $184.1 Million
Hospital icon Economic outputs
attributable to The University of Toledo Medical Center total
$417.6 Million
to the local area
  • Direct: $233.5 Million
  • Indirect/induced: $184.1 Million