DePauw University Reports Economic Impact

GREENCASTLE, Ind., Sept. 10, 2025 /PRNewswire/ -- A comprehensive economic impact study released today shows that DePauw University generated $69.5 million in economic impact for Putnam County during fiscal year 2023-24, supporting one out of every 17 jobs in the county and representing 5.4% of the county's total economic output.

During the university's 2023-24 fiscal year, the following impacts were created by DePauw:

• $69.5 million in Operations Spending Impact
• 572 People Directly Employed by the University

In addition, during the 2023-24 fiscal year, additional impacts were created by DePauw students, visitors and alumni activities totaling:

• $2.0 million in Student Spending Impact
• $1.9 million in Visitor Spending Impact
• $4.3 million in Alumni Impact

In total, this represents a $78.5 million impact on Putnam County and supports 1,009 jobs, including 572 people employed directly by the university and another 437 jobs supported as a result of university operations and spending by students, visitors, and alumni.

"Since our founding, DePauw has been deeply woven into the economic and social fabric of Greencastle and Putnam County," said DePauw's President, Dr. Lori S. White. "Together, we build a more vibrant local economy and a stronger community. Our commitment to supporting local jobs, driving innovation, and creating new opportunities is stronger than ever."

The university's Bold & Gold 2027 strategic plan, with capital projects such as Growing Green and Gold Together, Seminary Square mixed-use residential/commercial project and student housing renovation projects, will contribute more than $200 million in capital and construction spending to the economy over the next five years. 

This economic impact report, DePauw's first in several years, provides metrics that support advocacy in public funding, grant opportunities, and other initiatives and demonstrates DePauw's ability to create value in multiple ways. This information affirms the university's vital role as an economic anchor in Putnam County.

The DePauw report was conducted in partnership with Lightcast. Summary findings from the report are available at depauw.edu/about/institution.

About DePauw University
Founded in 1837, DePauw University is a residential college known for developing leaders through a distinctive three-school academic framework, including the College of Liberal Arts and Sciences, School of Business and Leadership, and Creative School, which combine rigorous academics, experiential learning, and vibrant campus life.

SOURCE DePauw University