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| | 04/25/06, Penn's Economic Impact - Almanac, Vol. 52, No. 31 |
 | | Penn, including the Health System, contributes $9.6 billion annually to the state economy through its salaries, purchases, research, construction projects, taxes and indirect and induced expenditures, according to an independent economic and fiscal impact report issued last week by Econsult Corporation of Philadelphia. |
 | | This figure, which translates roughly to $25 million daily, underscores that Penn is not only a premier international institution of higher education but is a powerful economic engine as well. |
 | | The report found that Penn received $750 million in sponsored research awards in 2005, compared to 10 years ago when research funding stood at $327 million. |
| www.upenn.edu /almanac/volumes/v52/n31/econ-impact.html (549 words) |
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