News Center

Published October 7, 2025

MONROE, La. – A recent economic impact study shows that the University of Louisiana Monroe (ULM) is one of the largest economic drivers in Northeast Louisiana, contributing $617.6 million in added income each year to the region’s economy.  

The study, conducted by Lightcast and reflecting FY 2023–24, highlights the significant role ULM plays in workforce development, community vitality, and long-term economic growth. 

Key findings include: 

• 10,464 jobs supported across the region, meaning 1 out of every 18 jobs in Northeast Louisiana is connected to ULM or its students. 

• $457.7 million in added income from alumni impact, as graduates’ higher earnings fuel local businesses and industries. 

• $108.2 million from university operations spending, equivalent to the purchase of 2,290 new cars each year. 

• $32 million from student spending, as students attracted to ULM invest directly into the local economy. 

• $16.6 million from spin-off companies launched by ULM-related entrepreneurship. 

• $1.8 million from visitor spending and $1.3 million from research activity, further diversifying regional economic benefits. 

Beyond its measurable financial impact, the study found that ULM provides exceptional returns for all stakeholders: 

• Taxpayers gain $2.40 in added revenue and savings for every $1 invested. 

• Students gain $5.30 in lifetime earnings for every $1 invested in their ULM education. 

• Society gains $6.60 in added income and social savings for every $1 invested. 

A Strong Return on Investment 

The report also highlights ULM’s exceptional return for students, taxpayers, and society: 

• Students: For every $1 invested, students gain $5.30 in lifetime earnings, with an annual return rate of 20.7%. 

• Taxpayers: For every $1 of public funding, taxpayers receive $2.40 in added tax revenue and savings, an annual return of 6.1%. 

• Society: Louisiana gains $6.60 in added income and social benefits for every $1 invested in ULM, totaling more than $1.4 billion in long-term benefits 

Beyond Economics 

ULM also enhances quality of life through programs, outreach, and partnerships. For example, its Mobile Dental Hygiene Unit provides care to underserved rural communities while training future healthcare professionals, and its Visual and Performing Arts programs add cultural value through numerous musical performances, plays, and art shows and exhibits. 

“The University of Louisiana Monroe is more than an educational institution—it is a powerful economic engine that sustains jobs, strengthens families, and builds the future of Northeast Louisiana,” said ULM President Dr. Carrie L. Castille. “This study underscores the vital role ULM plays not only in educating students, but in uplifting every community in the entire region.” 

The total annual economic impact of ULM is comparable to the economic boost of hosting the Super Bowl, making the university a cornerstone of growth and opportunity for the region. 

A link to the full economic report can be found here: https://www.ulm.edu/upa/documents/ulmmainreportfy2324finaleis.pdf.