--- title: "UMD's Impact" date: 2025-03-12T17:19:00-04:00 author: apccello canonical_url: "https://govrelations.umd.edu/about/umds-impact" section: Pages --- # UMD's Impact *About* **UMD's Impact** The University of Maryland plays a critical role in every part of the state’s economy. Each year, our flagship institution graduates thousands of students who strengthen the workforce as scientists, scholars, engineers, entrepreneurs and innovators. We attract investment, launch successful startups and stimulate job creation. We share our expertise with businesses and communities on important issues such as health care, education and the environment. **We are proud to serve our state.** ### Economic Impact - **$3.7B** — In annual economic impact on the state’s economy - **$1.14B** — In combined research expenditures in FY21 - **50%** — Reduction of UMD carbon footprint since 2005 - **11,516** — Degrees awarded in FY22, including nearly the most STEM degrees in Maryland - **$2B** — In public-private investment in Greater College Park in the past 10 years The Small Business Development Center has served 6,621 start-ups and existing businesses, assisted in the formation of 293 businesses, and helped clients obtain $141 Million in loans and equity financing. **Statewide Initiatives** — Learn how we are serving our statewide initiatives.