As significant as Princeton University's contributions to the growth and the vitality of the Princeton area and New Jersey economies have been, they could be even greater during the next five to 10 years. Several factors likely to contribute to the continued growth of the University's economic impact are: growth in enrollment, growth in University research, and increased investment in University facilities. The framework for this campus evolution will be the Campus Plan for 2017-2026, scheduled to be complete in 2017.
Growth in enrollment
Enrollment growth will reinforce the University's economic impact in several ways. It will increase the number of undergraduates and graduate students coming to Princeton each year and the number who earn degrees. increase enrollment is likely to translate into an increase in the University's operating expenditures, which will also have a positive impact on the region's economy, and on New Jersey's. It will also lead to an increase in off-campus spending by Princeton students.
Growth in University research
Beyond the leverage provided by its internal financial strength, Princeton can also benefit from the fact that some of its strongest research programs are well-aligned with national needs in areas such as energy and the environment, molecular biology, computer science, neuroscience and national security.
Increased investment in University facilities
These investments will create new business opportunities for New Jersey companies in construction and related industries, and will directly support hundreds of full-time-equivalent jobs every year. Even more important, they will enhance the University’s long-term capacity to fulfill its mission of education, research, innovation and service to the community.