A new study concluded that, in the fiscal year 2015-16, research, construction, direct employment and day-to-day operational costs of students and alumni benefited Northern Colorado $2.4 billion a year. Of that, $35.8 million comes from startup companies tied to Northern Colorado colleges and universities.

“While many people focus on what we invest in our state’s colleges and universities, higher education is actually a long-term revenue source for the state,” CSU President Tony Frank said in a statement. “Individual students certainly gain from their education, but our state and regional economies also benefit tremendously from the jobs, innovation and research generated by our campuses.”

The Coloradoan further details the positive impact of Northern Colorado higher education institutions here.