A Driving Force | Villanova Magazine
Summer 2019

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A Driving Force

Examining Villanova’s most recent Economic
and Social Impact report

BY MARIAN BUTCHER

PHOTO: BOWSTRING STUDIO

Villanova recently engaged leading economic consulting firm Econsult Solutions Inc. to conduct an independent analysis of the University’s economic and social impact. The resulting report clearly demonstrates the University’s significant contributions to and impact on Radnor Township, Delaware County and the Commonwealth of Pennsylvania.

Villanova’s statewide economic impact is nearly $900 million, which supports 6,120 jobs in the state with more than $460 million in annual earnings. This impact comes from the University’s ongoing operations, including the purchase of goods and services and the employment of more than 2,700 faculty and staff; its capital investments, which have averaged $120 million annually over the past five years; and the ancillary spending of students and visitors on food, lodging, shopping and entertainment locally and regionally.

In Delaware County, Villanova’s impact totals $326 million, and in Radnor Township, home to the University for its entire 177-year history, the University’s impact is $62 million. Villanova is the township’s largest employer and one of its most significant economic engines, paying taxes and fees of approximately $11 million to the township over the past six years.

“Villanova’s operations, along with spending by students, their parents, alumni and visitors, has a tremendous positive financial impact on the community,” says Executive Vice President Kenneth G. Valosky ’82 VSB.

Villanova’s connections to the local business community are especially strong. The University is a driving force for Main Line businesses and has partnered with business and civic associations for programs like Villanova Dines Out Restaurant Week, which encouraged students and neighbors to dine out locally, and the inaugural Main Line Small Business Panel and Networking Event for small-business owners, which Villanova co-hosted.

“We hear time and time again from business owners that proximity to the Villanova is an asset to them and the community as a whole,” says Chris Todd, owner of Christopher’s restaurant in Wayne and president of the Wayne Business Association.

The University’s mission, rooted in its Augustinian Catholic values, calls students, faculty, staff and alumni to ignite change around the world, and that commitment begins close to home. Each year, for example, more than 5,000 Villanova volunteers give back at more than 100 sites throughout Greater Philadelphia, including more than 30 around the Main Line, during the St. Thomas of Villanova Day of Service.

“We at Villanova believe strongly in being a good neighbor — lending a hand to meet needs in the community, providing access to our academic and recreation facilities, and inviting our neighbors to athletic, arts and cultural events,” says Chris Kovolski ’96 CLAS, assistant vice president for Government Relations and External Affairs. “That outreach is a critical part of our mission.” ◼︎

Villanova has a tremendous positive financial impact on the community.”

Executive Vice President Kenneth G. Valosky ’82 VSB

Villanova’s statewide $887 million economic impact supports 6,120 jobs
with $461 million in annual earnings

Villanova’s Economic Impact

Source: eConsult Solutions Inc.

Total

Impact of Annual University Operations

Impact of Capital Investments

Impact of Ancillary Student & Visitor Spending

Pennsylvania State Outline

Pennsylvania

Total

$887 million

Impact of Annual University Operations

$656 million

Impact of Capital Investments

$130 million

Impact of Ancillary Student & Visitor Spending

$101 million

Delaware County Outline

Delaware County

Total

$326 million

Impact of Annual University Operations

$232 million

Impact of Capital Investments

$31 million

Impact of Ancillary Student & Visitor Spending

$63 million

Radnor Township Outline

Radnor Township

Total

$62 million

Impact of Annual University Operations

$28 million

Impact of Capital Investments

$6 million

Impact of Ancillary Student & Visitor Spending

$28 million

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