Report: Miles College Generates Nearly $70 Million in Economic Impact For Local, Regional Areas

By Barnett Wright | The Birmingham Times Miles College, the Historically Black College and University (HBCU) based in Fairfield, Alabama, generates nearly $70 million in total economic impact for its local and regional economies and creates hundreds of on-campus and off-campus jobs, according to a recently released report. The 2024 HBCU Economic Impact Report from the UNCF (United Negro College Fund), the nation’s largest minority education organization states that Miles generates $69.3 million in total economic impact; and 286 on-campus jobs and 355 off-campus jobs. The report also shares that a Miles College graduate working full-time throughout his or her working life can expect to earn $1,255,978 in additional income due to a college credential. Miles College President Bobbie Knight “It is clear that institutions like Miles College continue to serve as powerful engines of economic growth and opportunity,” said Miles College President Bobbie Knight. “For generations, Miles College has been a cornerstone of progress in our community, even during periods of underfunding by state and federal administrations.” Through the resilience of students, faculty, and alumni, “our graduates not only uplift themselves but also their families and communities, with the potential to earn over $1.2 million in additional lifetime income,”...