The Economic and Fiscal Impact of the Prairie Research Institute (PRI) on the Economy of Champaign County, Illinois, and the Nation
Dall’erba, Sandy
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https://hdl.handle.net/2142/117079
Description
Title
The Economic and Fiscal Impact of the Prairie Research Institute (PRI) on the Economy of Champaign County, Illinois, and the Nation
Author(s)
Dall’erba, Sandy
Date of Publication
2023-01
Keyword(s)
Economic impact
Economy
Geographic Coverage
Champaign County
Illinois
U.S.
Abstract
The State and the University of Illinois’ initial $131 million investment in the Prairie Research Institute over the 2018–2022 period has enabled PRI to secure a significant quantity of additional grants and contracts, providing a total combined positive impact on the state’s economy worth $667 million. PRI has created more than 5,300 full-time equivalent jobs throughout Illinois and has generated tax revenues worth $90.4 million at the local, state, and federal levels. These figures do not include the significant supplemental non-monetized economic and societal benefits that PRI’s expertise, research, and workforce development provide to the citizens of Illinois.
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