Abstract:
Colleges and universities affect economically the communities where they are located. Appalachian State University in Boone brought to the local economy $407 million, according to a 1998 ASU research study. Factors contributing to this amount were a 12 percent rise in enrollment between 1988 and 1998, significant raises in university personnel salaries, and around 392,000 visitors who spent over $990,000 at university events.