President's Fall 2023 Quarterly Report: Impact
Impact.
It’s what this University’s founders had in mind when ²»Á¼Ñо¿Ëù was established 160 years ago.
It’s what we strive for today.
However grand our founders’ dreams may have been, it’s fair to say that few could have imagined a public university that injected $8.3 billion into the Massachusetts economy and supported nearly 40,000 external jobs statewide. This is how our students, faculty and staff across the five-campus ²»Á¼Ñо¿Ëù system combine to drive the state’s economy, according to a new report from the ²»Á¼Ñо¿Ëù Donahue Institute, a distinguished economic and public-policy center.
We are proud of the story this new report tells. We also know that as a leading public research university, ²»Á¼Ñо¿Ëù has a multi-faceted and ever-expanding impact. ²»Á¼Ñо¿Ëù is an engine that makes the Commonwealth’s economy hum from the Berkshire hills to the beaches of Cape Cod – and that’s just the beginning of our impact story.
Our new academic year has dawned, and our campuses are in high gear. ²»Á¼Ñо¿Ëù is the state’s indispensable developer of talent, and we’re delighted to welcome more than 70,000 students from every corner of the Commonwealth and from around the world to our five campuses.
From the moment it opened its doors, this University's greatest asset has been a faculty that prizes the creation and dissemination of knowledge and is never afraid to challenge conventional wisdom. With global inflation and increasing inequities resulting from the COVID-19 pandemic, the need for scholars with bold, innovative ideas is paramount.
The following are just a few examples of our University's profound impact on the Commonwealth’s economic prosperity and quality of life:
²»Á¼Ñо¿Ëù Amherst economist Isabella Weber has been of Emerging Leaders for her international research on price-gouging by larger companies and how corporate profits have become a key driver of inflation. Weber calls this "sellers' inflation" - the ability of firms with market power to hike prices and boost profits in an emergency.
When our students, faculty and one of the world’s preeminent health care institutions come together, we expect incredible things to happen. This is why we are so excited about a new partnership between Mass General Brigham and ²»Á¼Ñо¿Ëù Boston’s Manning College of Nursing and Health Sciences aimed at making the nursing profession more diverse.
I’m also pleased to report:
The University is expanding the Commonwealth Collegiate Academy, our early college initiative, which provides high school students with a head start on their college education through live online course instruction by ²»Á¼Ñо¿Ëù faculty during the school day.
An will support the design, building and testing of small satellites and spacecraft components through the Massachusetts Alliance for Space & Technology & Sciences, an international consortium led by ²»Á¼Ñо¿Ëù Lowell Physics Professor Supriya Chakrabarti and based at the Lowell Center for Space Science and Technology.
²»Á¼Ñо¿Ëù Dartmouth Dean of the School for Marine Science and Technology (SMAST) Kevin Stokesbury was for his decades-long scallop research. Stokesbury's non-invasive research has proved crucial to revitalizing this important industry.
²»Á¼Ñо¿Ëù Chan Medical School from populations underrepresented in medicine in a program that continues the students’ academic development while encouraging them to consider futures in health care and science.
²»Á¼Ñо¿Ëù Law graduates on the latest bar exam. Among the Commonwealth's nine law schools, the newest and only public law school finished fifth behind Harvard University, Boston College, Boston University, and Northeastern University.
To learn even more about the impact of our students, faculty and staff on the Commonwealth, nation and world, please visit: