Purdue University’s College of Veterinary Medicine produces an economic impact on the state of Indiana valued at more than $450 million, a study by Purdue Extension's Community Development Program showed.
The college and its alumni had a significant impact on the Indiana economy through direct and indirect economic output and by generating good paying jobs, according to the study. The college and its alumni had a total economic output of $476.9 million in 2014, according to the latest statistics.
The study also found the college and its alumni contributed a net of $311.4 million to the state's gross domestic product.
"$476.9 million. That's a big amount, even in today's world," Willie Reed, dean of the College of Veterinary Medicine and professor of veterinary anatomic pathology, said in a Purdue University news release. "Measuring our economic impact, in the context of the state that gave us our land-grant charter, is an important part of telling our story. The information provided by this study reflects our contributions to the overall health of our state and nation."
More than 60 percent of Indiana's veterinarians and 30 percent of the state's registered veterinary technicians are Purdue alumni, according to the study.
The state has about 22,400 farms producing livestock, poultry and related products valued at $3.68 billion, according to the university news release. For more of the story, click here.