Development Opportunities: The Effect of UMES on the Town of Princess Anne, Maryland

A study was done of the potential economic effect of the University of Maryland Eastern Shore (UMES) campus on the nearby town of Princess Anne, a small rural community. The study used estimates made by a UMES faculty member which projected that UMES students in 1990 spent over $7 million on goods a...

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Bibliographic Details
Main Authors Sann, David, Tervala, Victor K
Format Report
LanguageEnglish
Published 01.02.1993
Subjects
City Government
College Students
Economic Development
Economic Impact
Higher Education
Housing Needs
Income
Maryland (Princess Anne)
Municipalities
Rural Areas
School Community Relationship
University of Maryland Eastern Shore
Maryland
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Summary:A study was done of the potential economic effect of the University of Maryland Eastern Shore (UMES) campus on the nearby town of Princess Anne, a small rural community. The study used estimates made by a UMES faculty member which projected that UMES students in 1990 spent over $7 million on goods and services unrelated to educational expenses. The 1990 after-tax purchasing power of all Princess Anne residents was approximately $10.3 million. Thus student purchasing power appears to nearly double the potential market for goods and services in Princess Anne. However, the bulk of the estimated $4 million spent on recreation, clothing, and automobiles is not spent in Princess Anne. Less than one-third of the estimated $600,000 off-campus student housing market is captured by Princess Anne. UMES impacts only slightly on municipal finances with no direct effect on municipal revenues or expenses though it employs an estimated one-fifth of the town's labor force. Results suggest that the economic health of Princess Anne is closely associated with UMES operations and that the town's master plan should incorporate a vision of itself as a university town and articulate a detailed response to the local effects of campus operations. Appendixes list town businesses with telephone numbers, provide projected enrollment figures, and list 19 references. (JB)