Study: SEMO students spend $63 million

Study: SEMO students spend $63 million

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Study: SEMO students spend $63 million

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AP

Posted on October 8, 2012 at 6:30 AM

CAPE GIRARDEAU, Mo. (AP) -- A new study shows that students at Southeast Missouri State University provide a huge boost to the region’s economy.

The Southeast Missourian reports that a study released by the university Friday found students spend more than $63 million locally on everything from rent to food to tattoos over the nine-month school year.

University officials say the report can be useful for those looking to open a business in Cape Girardeau, or trying to reach the student demographic in the region.

The largest spending by students was $10.8 million for groceries, with $7 million each spent for gas and rent.

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Information from: Southeast Missourian

 

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