The presence of Virginia Tech had several significant effects on the economies of the study regions during 1999.
More than 15,000 jobs in the NRRV and more than 12,000 jobs in Montgomery County can be traced to the activities of Virginia Tech and its associates (students, employees, and visitors). This accounts for more than 25 percent of the jobs in Montgomery County and over six percent of the jobs in the NRRV.
The presence of Virginia Tech increases Montgomery County's Gross Regional Product (GRP) by $521 million, or $16,600 per household. In the NRRV, total GRP is increased by about $586 million ($4,200 per household).
Approximately $1.2 billion in economic activity in Montgomery County and $1.3 billion in economic activity in the NRRV can be traced to university-related spending in these areas.