Morgan State University's Economic Impact Soars to $1.5 Billion Statewide

New Report Highlights Expanding Innovation, Job Creation and Community Investment in Baltimore and Beyond

BALTIMORE, July 11, 2025 /PRNewswire/ -- Morgan State University continues to prove that its value extends well beyond the classroom. According to a newly released economic impact study conducted by the independent firm Econsult Solutions, Inc. (ESI), Morgan contributes a staggering $1.5 billion annually to the State of Maryland's economy, cementing its position as one of the region's most impactful and forward-moving institutions.

More than a number, this valuation tells a story of jobs created, lives transformed and communities empowered through research, education, innovation and strategic capital investment. The University also supports 8,200 jobs across Maryland and contributes nearly $71 million annually in state tax revenues, showcasing Morgan's role as both a major employer and economic engine.

"As Maryland's Preeminent Public Urban Research University, Morgan is a catalyst for statewide prosperity. We demonstrate every day that every dollar invested in us returns impressive dividends to the State of Maryland. From our pioneering research projects to our massive role in local community and economic development, our impact is impactful, transformational and intentional," said David K. Wilson, president of Morgan State University. "The bottom line is that Morgan is a jewel in the state's higher education crown."

Since Morgan's first economic impact study was conducted in 2018, the University's annual contribution has steadily grown with each subsequent report — from nearly $1.0 billion in 2018 to $1.1 billion in 2021 and now $1.5 billion in 2024, a 51.52% overall increase since the inaugural assessment. The upward trajectory correlates with more than $1.2 billion in capital investments over the past 15 years, including the completed construction of the five-story, 141,000-square-foot Calvin and Tina Tyler Hall and the $171-million Health and Human Services Center, and the current construction of $337-million Science Complex, the largest academic facility in the University's history.

Other key learnings from the most recent Economic Impact Report include:

• Morgan students and campus visitors contribute $161 million annually to Maryland's economy, with $150 million stemming from student spending alone.
  
  
• Morgan alumni living and working in Maryland earn approximately $700 million more each year as a direct result of their Morgan education and credentials.

To read the full announcement release, click here.

SOURCE Morgan State University