Palm Beach Atlantic University projects an impact of $345,573,325 on Palm Beach County’s economy this academic year, according to the University’s Office of Institutional Research and Effectiveness.
That is compared to $326,248,695 in 2013, an increase of 6 percent.
About 80 incoming first- through eighth-graders took part in “Kid vs. Wild: The Science Behind Survival Skills,” a week-long camp presented in June by Palm Beach Atlantic University’s Center for Integrative Science Learning. The University attracts thousands of visitors annually through events like the science camp.
“Palm Beach Atlantic University has entered into an unprecedented season of abundance, which would not be possible without our donors and community sponsors,” University President William M. B. Fleming, Jr., said. “There is inexpressible joy and anticipation as we prepare this fall to open our Marshall and Vera Lea Rinker Athletic Campus and our student-athletes compete for the first time in the Sunshine State Conference, among many other new and exciting developments. As we soar to new heights, we are certain that the blessings we have been given will overflow into the community that we serve.”
The University spends 98 percent of its annual budget in the Palm Beach County area to the tune of $57,894,966, not including employee salaries. As most of the faculty and staff spend the larger part of their salaries locally and their households contain other wage-earners, the economic impact of faculty and staff salaries is an additional $29,760,734.
Students account for $44,263,050 through housing, meals, transportation and miscellaneous expenses and purchases.
The University attracts 35,457 visitors annually through visits of prospective students and their families, athletes and overnight spectators, business and educational association meetings held on campus and audience members for music, dance and theatre productions. Food and accommodations represent an impact of $4,955,182.
An indirect multiplier of 2.5 was used to arrive at the total.
In addition, PBA students contributed 123,218 service hours to churches and nonprofit agencies across Palm Beach County during the 2013-2014 academic year through Workship, the University’s signature community service program.
Since 1968, the year the University was founded, PBA students have logged 2,804,490 service hours. The program is projected to have an economic impact of $1,355,398 in the coming school year.