Report: NU drives $6.4 billion in annual economic impact

A new economic development report found that the University of Nebraska System, a member of Bio Nebraska, continues to be a vital driver of the state’s economy.

Article by Cara Pesek, University of Nebraska System

The University of Nebraska System continues to be a vital driver of the state’s economy, with its annual economic impact reaching $6.4 billion – a $600 million increase over the past three years – according to a new economic development report shared with the University of Nebraska Board of Regents on Friday.

Paul Umbach, founder and president of the firm Tripp Umbach, shared preliminary findings of the report during the regents’ December meeting in Varner Hall, 3835 Holdrege St., in Lincoln. A full version of the report will be shared in early 2025.