Report: University of Nebraska-Kearney Helps Drive Growth for State

A recent study revealed that the University of Nebraska generates $6.4 billion annually and supports one in every 20 Nebraska jobs.

It also highlighted the University of Nebraska at Kearney (UNK)'s pivotal role in driving economic growth and development in Kearney, Buffalo County, and the broader Nebraska region. 

UNK Operations Impact

In fiscal year 2024, UNK operations generated for the state of Nebraska:

• Overall Economic Impact: $446.5 million ($109.1 million direct and $337.4 million indirect/induced) 
• Employment Impact: 3,663 jobs (1,931 direct and 1,732 indirect/induced) 
• State and Local Tax Impact: $12.3 million

UNK Athletics Impact

The impact of the NU System’s athletics operations and the visitors who travel to the area to participate in and watch athletics events is considerable.

• Economic Impact: $13.4 million 
• Jobs Supported: 110
• State and Local Tax Impact: $400,000

UNK Student Impact

Student spending impact represents the total economic impact of spending by NU students during FY24 that remains in Nebraska. Student spending goes toward food (dining out and groceries), transportation, entertainment and other retail purchases, such as apparel and technology.

• Economic Impact: $191.3 million  
• Jobs Supported: 1,570
• State and Local Tax Impact: $5.2 million 

UNK Visitor Spending

Fresh or new dollars are injected into the local and regional economy from out-of-region visitors for University of Nebraska System activities and events through their spending on food purchases at restaurants, lodging arrangements (i.e., hotels, motels, bed-and-breakfasts), gas stations and shopping at other local and regional businesses. 

• Economic Impact: $22.3 million 
• Jobs Supported: 183 
• State and Local Tax Impact: $612,502 

Rural Health Education Building Economic Impact

The report also highlighted the future economic impact of the $95-million Rural Health Education Building, projected to open in 2026, further benefiting the community and rural Nebraska by addressing healthcare workforce shortages.

• Jobs Supported: 240
• Economic Impact: $34.5 million 
   

The University of Nebraska at Kearney is more than just an educational institution; it is a cornerstone of economic vitality and workforce development in Kearney and Buffalo County. By providing high-quality education and serving as a pipeline for high-demand jobs, UNK ensures that the region continues to thrive and grow.

“UNK plays an invaluable role for our community, and for much of the central and western regions of our state. Having a state university anchored outside the urban core ensures that rural Nebraska students can train and prepare to fill jobs in our local communities. It is helpful to have a report that provides hard numbers on the economic impact of UNK, but our business and community leaders have always known that a strong, vibrant UNK is vitally important.”
-Jonathan Nikkila, Mayor of Kearney

“UNK is more than a university; it’s an economic engine for the Kearney area and Central Nebraska. UNK fuels our businesses, creates jobs and strengthens our local economy. A strong workforce starts with a strong university, and the Kearney Area Chamber of Commerce recognizes UNK as a key driver of our region’s economic and workforce success. As a Chamber, we are proud to collaborate with UNK to connect students with local businesses, ensuring a pipeline of talent that strengthens our community and fuels long-term economic growth.”
-Derek Rusher, President & CEO, Kearney Area Chamber of Commerce

Read the full report

Reference: Study shows NU, UNK graduates make big impact on Kearney economy