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
Issue Date
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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