Generating Economic Activity
The George Washington University is an economic engine as well as an academic and cultural resource for the Washington area. More than 2,000 faculty members and nearly 20,000 students make their academic home at our Foggy Bottom/West End and Mount Vernon campuses. In excess of 21,000 GW alumni live and/or work in the District. Providing more than 13,000 D.C.-based full-time and part-time jobs—including jobs for student employees—GW consistently ranks among the district’s top private employers.
As a result, GW’s broad, profound and positive impact on the District of Columbia’s economy carries an estimated value of close to $1 billion a year. That, in turn, spurs additional indirect economic activity totaling more than $285 million. The University spends about 70 percent of its budget in the district, through a combination of salaries for thousands of local employees; academic research projects; purchases and payments to district-based vendors; educational programs; student support services; and taxes.