UMaine, Maine Development Foundation Release Report on Fiscal Return on Higher Education

UMaine Alert

Posted: April 19, 2024 - 1:32 PM

At approximately 9:24 a.m. on Friday, April 19, a University of Maine graduate student was struck by a university vehicle on Long Road at the University of Maine campus in Orono. The student reports that they are at a local hospital with minor injuries.

Emergency services, including the Orono Fire Department, University Volunteer Ambulance Corps, University of Maine Police Department, Orono Police Department and Penobscot County Sheriff’s Office responded to the scene.

The university vehicle involved in the incident was a Chevrolet Express van. It was being operated by a university employee.

Counseling services and support are available for students, faculty or staff who may have been affected. The Counseling Center can be reached at 207-581-1392 and the Dean of Students Office can be reached at 207-581-1406.

The scene has been cleared and Long Road is now accessible. An investigation is being conducted by the University of Maine Police Department with assistance from the Penobscot County Sheriff’s Office Crash Reconstruction Unit. Any witnesses to the incident are encouraged to contact Lt. Noel Santiago at noel.santiago@maine.edu.

May 8, 2014 County, Economic Development, Research

On May 8, the Maine Development Foundation and the University of Maine’s School of Economics released the third quarterly report analyzing critical economic indicators in Maine.

The latest report, “The Fiscal Return on Higher Education in Maine,” looks at the state benefits of greater educational attainment, such as increased tax revenue and reduced social costs. Philip Trostel, a UMaine professor of economics and public policy, wrote the report that determined each bachelor’s degree in Maine generates a benefit to Maine taxpayers of approximately $74,600 in present value over the course of a lifetime.

Mario Teisl, director of the UMaine School of Economics and professor of resource economics and policy, is overseeing the series of reports that further explore the economic indicators in “Measures of Growth in Focus,” an annual report issued by the Maine Economic Growth Council.

The Maine Development Foundation news release and the full report are online.