Detailed description for the chart: economic impact of Lenoir-Rhyne University

Lenoir-Rhyne University delivers a substantial economic boost to the Unifour region— encompassing the counties of Alexander, Burke, Caldwell and Catawba—generating $113.6 million in added income during the 2022-23 fiscal year, according to a new study. The investment in an LR degree also pays off for students. For every dollar students invest in their education at LR, they receive $3.60 in higher future earnings in their lifetime.  

• Economic Impact: LR's operations, visitor and student spending, and the success of its alumni contributed a total of $113.6 million to the Unifour economy, supporting 1,935 jobs.
• Return on Investment for Students: For every dollar students invest in their education at LR, they receive $3.60 in higher future earnings. The average annual return on investment for LR students is an impressive 15.6%.
• Attracting Visitors: Out-of-region visitors spent an estimated $1.2 million to attend LR Athletics events.
• Alumni Impact: LR alumni generated $70.8 million in added income for the regional economy.
• Benefits to Taxpayers: North Carolina taxpayers will receive a cumulative value of $67.3 million in benefits over the working lives of LR students, through increased tax revenues and reduced demand for government services.
• Student Spending: Almost 60% of students came from outside the region and LR also retained other students who might otherwise have left the area for college. Spending from these students generated $6.1 million in added income.
• Social Benefits: LR generates $661.5 million in social benefits for North Carolina, including increased economic prosperity and savings in healthcare, justice system, and income assistance.