Direct and Secondary Economic Impact

Direct Economic Impact

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  With an annual payroll of about $20 million, Knox employs 347 full-time and 110 part-time faculty and staff. Nearly 95% of employees live in the Galesburg area.
  
  
• More than 80% of all Knox students work on campus or in local businesses.
  • Knox’s student payroll is about $1.24 million.
    
    
• Knox’s annual budget for goods and services is about $15 million. Much of that is contracted with West Central Illinois businesses (including Peoria).
  • Knox brings in more than $4 million in annual contributions from outside this area.
  • Knox has completed nearly $29 million in renovation, construction, and other capital projects since 2000. Nearly 80% of that work was contracted with area contractors and workers.
    
    
• The Federation of Independent Illinois Colleges and Universities estimates Knox makes a direct economic impact on Galesburg of $44,057,850.

Secondary Economic Impact

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  The Federation of Independent Illinois Colleges and Universities estimates that 583 additional jobs are created locally and statewide, with a total economic impact to Illinois of $83,363,241.
  
  
• Knox attracts thousands of visitors to Galesburg each year for Homecoming, Commencement, Family and Friends Weekend, Admission Open Houses, and other campus activities.
  • Homecoming brings in over 1,000 alumni and guests to the Galesburg area. In 2012, more than 1,000 alumni and guests attended Homecoming.
    
    
• Visitor spending in Galesburg and the local area is estimated to be about $1,946,955.
  
  
• Knox promotes the community to prospective students and their families, college counselors, and alumni.
  • More than 2,000 prospective students and families visited campus between September 2011 and August 2012.
    
    
• Nearly 1,000 Knox alumni live in the Galesburg area.