Drake University reports $424.1 million annual economic impact on Iowa

By: Brooklyn Draisey

Outlets: Iowa Capital Dispatch

Published: May 21, 2026

Words: 510

Last Updated: 2 months ago

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Drake University had an economic impact on the state of Iowa of nearly $425 million in fiscal year 2025, according to a report released by the private university Thursday.

The “Economic and Community Impact Report,” prepared by Impact DataSource, LLC, in working with Drake University, details the financial impacts the university has created through student spending, employment, visitors to campus, community service, tax revenue and alumni contributions, according to a news release.

Total economic impact …

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