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Home Prescott Pioneer News

ERAU Economic Impact Approaching $400 Million

October 12, 2020
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The Embry-Riddle Aeronautical University-Prescott campus was estimated to have an economic impact of $392 million across Arizona this past year. That’s an increase of 41% in the past four years, according to a report released by the independent Washington Economics Group in August. 
What’s more, the university provides approximately 3,000 permanent jobs for residents throughout Arizona. That’s 38% more jobs than four years ago. 
It is certainly a far cry from 42 years ago, when ERAU’s Prescott location started from a small rag-tag campus with 264 students and a handful of faculty and staff, to what now is a residential campus with approximately 3,000 students and hundreds of faculty and staff. 
Today, ERAU is rated the world’s No. 1 aerospace and aeronautical university by U.S. News and World Report.
In Prescott and Yavapai County specifically, ERAU is rated a major and essential economic driver for the greater community. In the Greater Prescott community, the university helps support directly and indirectly about 2,853 jobs that result in $318 million of total economic impact. The Washington Economics Group estimates that ERAU’s activities added $173 million to the county’s GDP — gross domestic product (total value of goods and services produced). 
The study projects that future ERAU cumulative capital spending plans during the next five years in Arizona will have a total economic impact of $161 million and create 181 jobs. 
 It’s estimated that ERAU alumni — Eagles — generated about $86 million in total economic activity in Arizona this year, according to the data. 
The firm conducted a comprehensive study of the entire ERAU organization — the Arizona campus, the Daytona Beach, Florida, campus and the approximately 130 worldwide campus locations for the university. Overall, ERAU educates more than 33,500 students in degree programs that range from baccalaureate and master’s to doctoral degrees. 
The Washington Economics Group is a consulting firm that specializes in analyzing emerging and global economies. Its report said the university is a “leading creator of high-wage employment in both state economies.”
ERAU President Barry Butler, whose main office is in Florida, was pleased with the reported economic impacts of the respective campuses.
Butler noted the Arizona and the Florida residential campuses, coupled with the influence of worldwide campuses and online courses, resulted in a combined overall impact of that now surpasses $2.3 billion. 
Chancellor Anette Karlsson at the ERAU-Prescott campus said, “We’re so proud to call Arizona, especially Prescott, home. Not only is it important to us to provide quality employment for hundreds of Yavapai County residents, it’s also important for us to educate and graduate high-caliber students. They will go on to successful and rewarding high-paying careers. “
She said ERAU valued building community and industry relationships and looked forward to initiating further ones. “What’s good for Embry-Riddle is good for Prescott and good for our economy.” 
Prescott Mayor Greg Mengarelli praised ERAU and its direct and indirect financial impact. 
“For more than 40 years, ERAU has made a substantial impact on Prescott,” he said. “Now, more than ever, we are grateful for not only the economic impact but also the university’s continued partnership with the City.”
Photo: Embry Riddle Aeronautical University-Prescott Chancellor Anette Karlsson hopes the economic impact of the university continues to grow in the greater Quad City communities.

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OUT & ABOUT — Thank you to Janet Cameron, Karen Shaw, and Janet Ash for submitting these creative photos! Reader photos are published in every issue of Prescott LIVING - send in your best shots taken in the Greater Prescott area to photos@roxco.com. Selected photos will appear in print and will be posted to our social media channels. #prescott #prescottvalley #chinovalleyaz #deweyhumboldt ... See MoreSee Less

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Tickets are available at www.ycpac.com for the Kathy Mattea & Suzy Bogguss concert, which is coming up on March 2 at the Yavapai College Performing Arts Center. If you're not familiar with their musical careers, here's some background from YCPAC. . . .COUNTRY STARS COMBINE HIT SONGS AND CHEMISTRYPrescott, Arizona (2/2/2023) – Two stars, no waiting. When longtime friends and Country music artists combine their impressive set lists and their love of live performance, everybody in the audience wins. Yavapai College Performing Arts Center invites you to join Country music hitmakers Kathy Mattea & Suzy Bogguss for a rousing and memorable ‘Together at Last’ performance, Thursday night, March 2 at 7 p.m. Two country music legends, with three Grammy awards between them, bring their prodigious talents, their solo hits, and their on-stage chemistry to the stage in ‘Together at Last.’ Friends since their early days in Nashville, Kathy Mattea and Suzy Bogguss have each carved out careers in popular music with country chart hits spanning two decades. Kathy has had more than 30 singles in Billboard Magazine’s Hot Country Songs Charts, including “Goin’ Gone,” “Eighteen Wheels and a Dozen Roses,” and “Come From the Heart.” She won Grammy Awards for her 1990 single “Where’ve You Been?” and her 1993 Christmas Album Good News. Bogguss found stardom with her platinum-selling album Aces, which featured four hit singles: the title track, “Someday Soon,” “Outbound Plane,” and “Letting Go.” She won the Academy of Country Music’s Top New Female Singer award in 1989 and the Country Music Association’s Horizon Award in 1992. Their busy solo careers allowed Kathy and Suzy few opportunities to collaborate musically, although they did perform a Grammy-nominated cover of “Teach Your Children” back in 1994. Their fans have clamored for a joint tour like this for years. And now, sporting new material developed for the tour, armed with two careers worth of stories and more hits than they can fit, Kathy Mattea and Suzy Bogguss are together at last.Tickets for Kathy Mattea and Suzy Bogguss start at $32. Yavapai College Performing Arts Center is located at 1100 E. Sheldon Street, in Prescott. The YCPAC Ticket Office is open Tuesdays and Wednesdays, from 9 a.m. – 6 p.m.; and Thursdays and Fridays, from 9 a.m. - 4 p.m. For reservations or more information, please call: (928) 776.2000 or visit us online at: www.ycpac.com.. . .Be sure to pick up a free copy of Prescott NOW to see what's happening this month, or visit prescott-now.com/events for the online events calendar. ... See MoreSee Less

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