Power House

Embry-Riddle’s Economic Impact in Florida, Arizona Surpasses $2.3 Billion

The overall economic impact of Embry-Riddle in Florida and Arizona now surpasses $2.3 billion — up 44% since 2016, the independent Washington Economics Group (WEG) reported in August.

Embry-Riddle further supports nearly 18,000 jobs in Florida and Arizona — up from just under 14,000 in 2016, making the university “a leading creator of high-wage employment in both state economies,” according to the WEG report.

Additionally, it found that the earning and spending power of Embry-Riddle’s alumni in Florida and Arizona generated $900 million and $86 million, respectively, in total economic activity this year.

Embry-Riddle’s Research Park is also an economic driver. The Research Park, which opened on the Daytona Beach Campus in 2017, has generated more than $90 million in economic impact in Florida and directly or indirectly created 500 jobs, many of which are high-wage.