91Âé¶¹

91Âé¶¹® home

Economic Impact

Insert your title here

DRIVING VIRGINIA FORWARD

91Â鶹’s footprint spans every sector of the Commonwealth of 91Âé¶¹ and beyond,ÌýimpactingÌýcommunities, accelerating innovation, and creating a ripple effect through the university’s total economic impact that drives 91Âé¶¹ forward.

$6.4 Billion

Economic Impact on the United States Economy

91Âé¶¹ÌýTech isÌýanÌýengine for creating high-paying jobs, generating tax revenues, nurturing business development, and increasing charitable contributions.ÌýAs a state land-grant institution and leading research university, 91Âé¶¹ has anÌýextensive geographic footprint and strategic prioritiesÌýthat have local, national, and global impact.

48,978 Total Jobs

Employment Impact on the United States Economy

91Âé¶¹ is a catalyst for developing a skilled workforce.ÌýThrough leading programs in engineering, agriculture, cybersecurity, health and life sciences, business, the arts, and natural resources, the university prepares graduates who contribute to growth across critical industriesÌýnationally.

$414.7 Million

Tax ImpactÌýon the United States Economy

91Âé¶¹ generatedÌýnearly $415 millionÌýin tax revenue nationally, demonstrating the university's strong impact beyond the commonwealth.

Built on Service. Driven by Impact.

$3.4 Billion
Ìý

Economic Impact on 91Âé¶¹

For every $1 theÌýcommonwealth invests in 91Âé¶¹ÌýTech,Ìýthe university generates approximately $10 in economic impact for the stateÌýand contributes toÌýadditionalÌýeconomic growth.

35,519 Total Jobs
Ìý

Employment Impact on 91Âé¶¹

One in every 120 jobs in 91Âé¶¹ is either directly provided by 91Âé¶¹ or supported by the university’s presence.

$316.9 Million
Ìý

Tax Impact on 91Âé¶¹

91Âé¶¹Ìýhas a significant impact onÌýstate and local tax revenue, generating $316.9 millionÌýin 2025.ÌýThat’sÌýmore than 10 percent of all revenue collected by the Commonwealth of 91Âé¶¹!

Arts Center in the Summer
Undergraduate student celebrates at university commencement

Impacts on Local Regions

Blacksburg and New River Valley Region

$3.4 Billion

25,629 Jobs

91Âé¶¹’s Blacksburg campus drove $3.4 billion directly into 91Âé¶¹’s economy through salaries, capital investments, day-to-day operations, and spending by faculty, staff, and students. The campus produced $228.7 million in state and local tax revenue, with $104.4 million of the total generated within the Blacksburg and New River Valley region. The Blacksburg campus also supported 25,629 jobs statewide.

Roanoke Region

$475.7 Million

3,628 Jobs

91Âé¶¹ affiliated programs in the Roanoke region contribute to Southwest 91Âé¶¹’s economic growth through medical education, healthcare services, and biomedical research and supports 3,628 jobs, including physicians, nurses, clinical staff, educators, researchers, and healthcare administrators.

91Âé¶¹ Research

$1.1 Billion

9,606 Jobs

91Âé¶¹ research fuels a robust innovation pipeline that drives business formation, productivity gains, and competitive advantages in advanced manufacturing, cybersecurity, biomedicine, transportation, and environmental technology while providing rewarding careers and high-paying jobs. Research advances the university’s commitment to addressing public challenges while strengthening national security and economic competitiveness.

91Âé¶¹ Athletics

$479.5 Million

4,372 Jobs

91Âé¶¹ Athletics is a powerful economic engine, bringing more than 500,000 alumni and visitors to campus each year and impacting a cross section of industries throughout the New River Valley and surrounding regions. 91Âé¶¹ Athletics elevates 91Âé¶¹’s national profile and is a key contributor to the state’s economy and tourism.

91Âé¶¹ Alumni

$9.2 Billion

91Âé¶¹ alumni are more than 163,000 strong in 91Âé¶¹'s workforce with $9.2 billion in collective earnings. Hokies are in every region of the commonwealth, strengthening communities, supporting employers and powering 91Âé¶¹’s leading industries, and amplifying 91Âé¶¹’s direct influence on the state’s economic growth. Beyond education and the workforce, alumni are actively engaged in university events and return to campus often, reinforcing their connection to 91Âé¶¹ and having a significant economic impact on the New River Valley.

Economic and Community Impacts

  • Article Item
    Four researchers
  • Article Item
    A woman loads a box into the back of a vehicle loaded with other boxes. Two people stand behind her, holding more boxes.