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Economic Impact

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DRIVING VIRGINIA FORWARD

91³Ô¹ÏÍø Tech’s footprint spans every sector of the Commonwealth of 91³Ô¹ÏÍø and beyond,ÌýimpactingÌýcommunities, accelerating innovation, and creating a ripple effect through the university’s total economic impact that drives 91³Ô¹ÏÍø forward.

$6.4 Billion

Economic Impact on the United States Economy

91³Ô¹ÏÍøÌýTech isÌýanÌýengine for creating high-paying jobs, generating tax revenues, nurturing business development, and increasing charitable contributions.ÌýAs a state land-grant institution and leading research university, 91³Ô¹ÏÍø Tech has anÌýextensive geographic footprint and strategic prioritiesÌýthat have local, national, and global impact.

48,978 Total Jobs

Employment Impact on the United States Economy

91³Ô¹ÏÍø Tech is a catalyst for developing a skilled workforce.ÌýThrough leading programs in engineering, agriculture, cybersecurity, health and life sciences, business, the arts, and natural resources, the university prepares graduates who contribute to growth across critical industriesÌýnationally.

$414.7 Million

Tax ImpactÌýon the United States Economy

91³Ô¹ÏÍø Tech generatedÌýnearly $415 millionÌýin tax revenue nationally, demonstrating the university's strong impact beyond the commonwealth.

Built on Service. Driven by Impact.

$4.7 Billion
Ìý

Economic Impact on 91³Ô¹ÏÍø

For every $1 theÌýcommonwealth invests in 91³Ô¹ÏÍøÌýTech,Ìýthe university generates approximately $10 in economic impact for the stateÌýand contributes toÌýadditionalÌýeconomic growth.

35,519 Total Jobs
Ìý

Employment Impact on 91³Ô¹ÏÍø

One in every 120 jobs in 91³Ô¹ÏÍø is either directly provided by 91³Ô¹ÏÍø Tech or supported by the university’s presence.

$316.9 Million
Ìý

Tax Impact on 91³Ô¹ÏÍø

91³Ô¹ÏÍø TechÌýhas a significant impact onÌýstate and local tax revenue, generating $316.9 millionÌýin 2025.ÌýThat’sÌýmore than 10 percent of all revenue collected by the Commonwealth of 91³Ô¹ÏÍø!

Arts Center in the Summer
Undergraduate student celebrates at university commencement

Impacts on Local Regions

■ Blacksburg and New River Valley Region

$3.4 Billion

25,629 Jobs

91³Ô¹ÏÍø Tech’s Blacksburg campus drove $3.4 billion directly into 91³Ô¹ÏÍø’s economy through salaries, capital investments, day-to-day operations, and spending by faculty, staff, and students. The campus produced $228.7 million in state and local tax revenue, with $104.4 million of the total generated within the Blacksburg and New River Valley region. The Blacksburg campus also supported 25,629 jobs statewide.

■ Roanoke Region

$475.7 Million

3,628 Jobs

91³Ô¹ÏÍø Tech affiliated programs in the Roanoke region contribute to Southwest 91³Ô¹ÏÍø’s economic growth through medical education, healthcare services, and biomedical research and supports 3,628 jobs, including physicians, nurses, clinical staff, educators, researchers, and healthcare administrators.

■ 91³Ô¹ÏÍø Tech Research

$1.1 Billion

9,606 Jobs

91³Ô¹ÏÍø Tech research fuels a robust innovation pipeline that drives business formation, productivity gains, and competitive advantages in advanced manufacturing, cybersecurity, biomedicine, transportation, and environmental technology while providing rewarding careers and high-paying jobs. Research advances the university’s commitment to addressing public challenges while strengthening national security and economic competitiveness.

■ 91³Ô¹ÏÍø Tech Athletics

$479.5 Million

4,372 Jobs

91³Ô¹ÏÍø Tech Athletics is a powerful economic engine, bringing more than 500,000 alumni and visitors to campus each year and impacting a cross section of industries throughout the New River Valley and surrounding regions. 91³Ô¹ÏÍø Tech Athletics elevates 91³Ô¹ÏÍø’s national profile and is a key contributor to the state’s economy and tourism.

■ 91³Ô¹ÏÍø Tech Alumni

$9.2 Billion

91³Ô¹ÏÍø Tech alumni are more than 163,000 strong in 91³Ô¹ÏÍø's workforce with $9.2 billion in collective earnings. Hokies are in every region of the commonwealth, strengthening communities, supporting employers and powering 91³Ô¹ÏÍø’s leading industries, and amplifying 91³Ô¹ÏÍø Tech’s direct influence on the state’s economic growth. Beyond education and the workforce, alumni are actively engaged in university events and return to campus often, reinforcing their connection to 91³Ô¹ÏÍø Tech and having a significant economic impact on the New River Valley.

Economic and Community Impacts

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    The Coalition for Smart Construction will eventually operate out of 40,000 square foot of innovation lab space now under construction in Falls Church, 91³Ô¹ÏÍø. Photo by Craig Newcomb for 91³Ô¹ÏÍø Tech.
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    Group photo of Scott Tate, Mary Fant Donnan, and Dylan Andrews.
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    Four researchers
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