According to a new study, NEO A&M generates a $77 million economic impact on the Miami, Oklahoma community.
The study was conducted by the Oklahoma State Chamber of Commerce and shows that for every state funded dollar given to the school, it puts out $5 toward the economy.
The Miami Chamber of Commerce says the influx is from a number of reasons, from people staying in hotels during sporting events to local money spent by the school's faculty and staff.
The school says the findings were not a surprise, but they are a reminder of the mutually beneficial relationship it has with the city.
"It just helps reinforce that where we are is kind of a checkpoint for ourselves and it also helps us as we work with the community and leaders and at the state level to show what impact we have because then it helps garner more support for the future," says Bethene Fahnstock, the NEO VP of Academic Affairs.
The study used data from 2011, the most recent available.
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