While still in a financial battle to save its existence, an economist says that Birmingham-Southern College has a direct economic impact of $97.2 million yearly on Alabama’s economy.
That number rises to $211.5 million when the economic contribution of BSC alumni is added, according to the study by M. Keivan Deravi of Economic Research Services.
The study comes as BSC is asking Alabama, the City of Birmingham and Jefferson County for an investment of $37.5 million in bridge funding.
“Dr. Deravi’s study validates the fact that a $37.5 million investment by the public sector can return nearly a billion dollars in direct impact over the next ten years to our state’s economy,” BSC President Daniel Coleman said. “That’s a great deal for city, county, and state taxpayers.”
Founded in 1856, Birmingham-Southern College has raised almost $46 million toward an
endowment goal of $200 million, which it is on track to reach by May 2026.