Michael Dekker
Tulsa World Business Reporter
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The Oklahoma State Regents for Higher Education recently released a report showing the state system of higher education contributed $14.61 billion to Oklahoma’s economy in fiscal year 2024.
Oklahoma State University alone accounted for more than $3.82 billion of that impact, supporting nearly 27,000 jobs and producing $110.3 million in state and local tax revenue, an OSU news release says.
“Oklahoma State University continues to deliver exceptional value to our state,” OSU President Jim Hess said in the release. “This report highlights the vital role OSU plays in advancing economic growth, innovation and workforce development across Oklahoma.”
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According to the report, OSU and its constituent agencies received $231.4 million in state appropriations last year. For every dollar invested, the university generated $16.51 in total economic output, nearly matching the return seen across the broader state system, the release says.
That output stems from operational spending, student expenditures and the ongoing economic activity of alumni. Of the $3.82 billion total, $1.94 billion came from direct OSU spending and another $1.88 billion came from indirect impact, such as increased demand, jobs and income across other industries.
The university’s presence supported 26,872 jobs and more than $1.68 billion in wages statewide, the release says.
“This report affirms the role OSU plays as a key driver of economic development across Oklahoma,” OSU Provost Jeanette Mendez said. “We’re not only graduating students who stay and work in the state; we’re also strengthening rural communities, advancing research and attracting new industries.”
business@tulsaworld.com
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Michael Dekker
Tulsa World Business Reporter
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