Penn Reports Economic Impact of $14 Billion on Pennsylvania, $9.5 Billion on Philadelphia
PHILADELPHIA –- The University of Pennsylvania and Penn Medicine contribute $14 billion yearly, or $38 million per day, to the Commonwealth of Pennsylvania, and $9.5 billion, or $26 million per day, to the City of Philadelphia. The 2010 economic and fiscal impact of the university is outlined in a new independent report conducted by Econsult Corp. of Philadelphia.