Econsult conducted the economic impact report released by the University of Pennsylvania, February 2011.  The report showed that Penn contributes $14 billion each year to the Commonwealth of Pennsylvania. Of that amount, $9.5 billion goes to Philadelphia

Below is the news release from the University along with a summary of the full report.  Press coverage of the release also follows.

Penn Reports Economic Impact of $14 Billion on Pennsylvania and $9.5 Billion on Philadelphia (Penn News, February 2, 2011)     (PDF)     (HTML)

Economic Impact Slide Show (Penn Press 2011)    (PDF)     (HTML)

Penn's Statewide Economic Impact Grows 46.5 Percent (Daily Pennsylvanian February 9, 2011)    (PDF)     (HTML)

Penn Is Second-largest PA Employer (Daily Pennsylvanian February 3, 2011)    (PDF)     (HTML)

Big S(PENN)der: U of Pennsylvania Impact $9.5B a Year in Phila (Philadelphia Business Journal February 2, 2011)    (PDF)     (HTML)