Radford University Releases Economic Impact Study

Radford, VA – Radford University recently published their 2022 Economic Impact Study, which outlines the university’s contributions to Virginia’s New River Valley and the Commonwealth of Virginia. The study reveals that Radford University generated a total economic impact of $421.7 million for the state of Virginia and $390 million for the NRV in the 2022 Fiscal Year. For every $1 Virginia invested in Radford University, the university returned $6.35 to the state’s economy.

The report also emphasizes the university’s impact on employment, student spending and volunteerism, visitor spending, alumni spending, and human capital improvements during the 2022 Fiscal Year.

Read Radford University’s full economic impact study here.

Virginia’s New River Valley boasts outstanding educational opportunities, with several world-class universities and colleges located in the region. Learn more about the educational landscape of the NRV here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.