Morgan State University generates over $500 Million to state economy, new data shows

Historically Black colleges and universities are known to often have deep ties to the neighborhoods and cities they occupy. They also generate millions in revenue for those local economies. According to a 2017 HBCU economic report from the United Negro College Fund (UNCF), these institutions generate over 130,000 jobs both locally and regionally for their home states and account for $14.8 billion in economic impact.