Latest news with #EconomicImpactReport
Malaysian Reserve
12-07-2025
- Business
- Malaysian Reserve
Morgan State University's Economic Impact Soars to $1.5 Billion Statewide
New Report Highlights Expanding Innovation, Job Creation and Community Investment in Baltimore and Beyond BALTIMORE, July 11, 2025 /PRNewswire/ — Morgan State University continues to prove that its value extends well beyond the classroom. According to a newly released economic impact study conducted by the independent firm Econsult Solutions, Inc. (ESI), Morgan contributes a staggering $1.5 billion annually to the State of Maryland's economy, cementing its position as one of the region's most impactful and forward-moving institutions. More than a number, this valuation tells a story of jobs created, lives transformed and communities empowered through research, education, innovation and strategic capital investment. The University also supports 8,200 jobs across Maryland and contributes nearly $71 million annually in state tax revenues, showcasing Morgan's role as both a major employer and economic engine. 'As Maryland's Preeminent Public Urban Research University, Morgan is a catalyst for statewide prosperity. We demonstrate every day that every dollar invested in us returns impressive dividends to the State of Maryland. From our pioneering research projects to our massive role in local community and economic development, our impact is impactful, transformational and intentional,' said David K. Wilson, president of Morgan State University. 'The bottom line is that Morgan is a jewel in the state's higher education crown.' Since Morgan's first economic impact study was conducted in 2018, the University's annual contribution has steadily grown with each subsequent report — from nearly $1.0 billion in 2018 to $1.1 billion in 2021 and now $1.5 billion in 2024, a 51.52% overall increase since the inaugural assessment. The upward trajectory correlates with more than $1.2 billion in capital investments over the past 15 years, including the completed construction of the five-story, 141,000-square-foot Calvin and Tina Tyler Hall and the $171-million Health and Human Services Center, and the current construction of $337-million Science Complex, the largest academic facility in the University's history. Other key learnings from the most recent Economic Impact Report include: Morgan students and campus visitors contribute $161 million annually to Maryland's economy, with $150 million stemming from student spending alone. Morgan alumni living and working in Maryland earn approximately $700 million more each year as a direct result of their Morgan education and credentials. To read the full announcement release, click here.
Gulf Today
23-06-2025
- Business
- Gulf Today
Google adds Dhs21.8 billion to the UAE economy in 2024
Google announced the launch of the Google's Economic Impact Report, a report conducted by Public First research agency, that looks at how Google products (Search, Play, Maps, YouTube and Google Ads) have helped people, local businesses, content creators and developers in the UAE throughout 2024. Around the world, Google releases Impact Reports which are based on consumer and business polling, economic modeling, case studies and third party data. The report highlights how Google's AI-powered tools and platforms are profoundly enhancing daily life and productivity for individuals and enterprises across the UAE, driving macroeconomic growth. In fact, Public First estimates that Google contributed an estimated Dhs 21.8 billion to the UAE economy in 2024. 'We're incredibly proud to be a partner in the UAE's boundless ambitions,' says Anthony Nakache, Managing Director for Google in the Middle East & North Africa. 'The report reflects our investment in accelerating the country's ambitious journey towards a diversified, AI-powered economy. Through strategic investments, local partnerships, and our AI-powered tools, we're bringing substantial economic value and empowering individuals, businesses, and communities in the UAE.' Google is equipping people in the UAE with digital and AI capabilities needed for tomorrow's economy. The report highlights that since 2018, over 430,000 individuals in the UAE were trained in essential digital and AI skills through Google's key skilling initiative 'Maharat Min Google' initiative. This effort includes empowering a diverse and vibrant ecosystem of developers. In 2024, the Android and Google Play app ecosystem supported the creation of 30,000 jobs in the UAE, according to the report. The Google Impact Report in the UAE explores the impact of Google's products in 2024 across three areas: People, Businesses and Communities. Below are the additional findings: Making everyday life easier for people in the UAE • Dhs 683 a month on average in consumer benefits is created by Google's services for the average person in the UAE. 63% of adults in the UAE said they have used Gemini, Google's AI Assistant. 90% of users agreed that Gemini helped them to be more productive. 71% of users agreed that Gemini is easier to use in Arabic than other AI chatbots. 50% of adults in the UAE agree that Google Search is essential to their daily lives. 89% of adults in the UAE reported that Google Maps and/or Waze were very useful when they were avoiding getting lost. 90% of adults in the UAE agreed that the ability to make contactless payments on mobile devices through the likes of GPay or GWallet makes their life easier. Fueling the Growth of Businesses in the UAE • 91% of businesses in the UAE report using at least one AI tool in their workflows. 73% of 18-24 year olds said they use Google Search at least weekly to shop or browse products online. 80% of adults in the UAE use Google Maps and/or Waze at least once a month to find a local business. 86% said they checked Google reviews before visiting a venue or business at least once a month. 94% of adults in the UAE use Google Search at least once a month to compare the prices of products and services. 97% of public sector workers in the UAE said that Google AI-enabled tools help them to be more productive at work. Empowering Communities in the UAE This section of the report combines Public First research and Google internal data and estimates Google's contribution to creators, developers and publishers. Dhs 455 million of revenue generated by the Android App Economy for UAE-based developers in 2024. 600+ YouTube channels in the UAE have over 1 million subscribers, an increase of 15% year on year. 20,000+ journalists and journalism students trained by the Google News Initiative in the Mena region, including in the UAE. About the research Google commissioned independent consultancy Public First to explore how Google's innovations and products are helping communities, workers and businesses in the UAE, as well as the future potential of AI across the nation. Public First conducted a survey of 1,110 online adults based in the UAE and a survey of 389 business leaders based in the UAE. These surveys were conducted in English and Arabic in March 2025. All results are weighted using Iterative Proportional Fitting, or 'Raking'. The online adult results are weighted by age, gender, education level, and region to nationally representative proportions.
Cision Canada
21-05-2025
- Business
- Cision Canada
Google Canada announces $5 million to support the Alberta Machine Intelligence Institute to boost AI skills for Canadian post-secondary students
EDMONTON, AB, May 21, 2025 /CNW/ - Google Canada announced a $5 million CAD grant to the Alberta Machine Intelligence Institute (Amii), a leading artificial intelligence research institute, to equip Canadian post-secondary students with essential AI skills to prepare them for the future of work. This initiative aims to address the growing AI skills gap in Canada and bolster the country's AI-driven economy. With the funding, Amii will establish a national consortium composed of 25 post-secondary institutions across Canada. This consortium will develop easy-to-use AI curriculum materials, allowing faculty to seamlessly integrate AI concepts into existing courses and reach 125,000 students across the country. "Canada has an incredible opportunity to translate decades of AI research excellence into fundamental AI literacy skills for a generation of post-secondary students because of the generous support of said Cam Linke, CEO of Amii. "Amii is proud to lead the effort to build a national AI Workforce Readiness Consortium to empower Canadian students with the fundamental literacy skills they need to succeed in an AI-driven economy. From colleges and polytechnics to U15 Canadian research universities and Indigenous PSE institutes, we're ready to support educators with access to curriculum resources across faculties, programs and domains." Canada has been at the forefront of AI research, and is uniquely positioned to capitalize on the transformative potential of AI - with a strong research network, thriving startup ecosystem and established tech companies driving AI innovation. The opportunity is significant, as Public First's latest Economic Impact Report on Google Canada estimates that generative AI could boost Canada's economy by $230 billion and save the average worker over 175 hours a year. However, despite its research leadership, Canada lags in AI adoption, which is a key component in achieving these transformative results. The first step in reversing that trend is increasing AI skills, knowledge and confidence. Fortunately, Canadians are up to the challenge, as the same Economic Impact Report found that 63 per cent of Canadian workers are interested in acquiring AI skills, with interest rising to 72 per cent among young Canadians. "Entering the workforce with AI skills can help Canadian students navigate the rapidly changing job market," said Sabrina Geremia, VP & Country Managing Director, Google Canada. "Google is proud to support Amii's initiative that will not only benefit 125,000 students directly, but will also help the organizations that hire them put AI to work in improving their productivity, efficiency and growth. Supporting organizations like Amii is part of Google's commitment to shaping a future where AI benefits everyone across Canada. About Google Canada Google's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google Canada has offices in Waterloo, Toronto, Montreal,Ottawa and remotely across the country with employees working on teams across Engineering, AI Research, Sales and Marketing. About Amii One of Canada's three centres of AI excellence as part of the Pan-Canadian AI Strategy, Amii (the Alberta Machine Intelligence Institute) is an Alberta-based non-profit institute that supports world-leading research in artificial intelligence and machine learning. Amii translates fundamental research and breakthroughs in AI into business impact, with a focus on transferring knowledge, technology and talent to industry at scale and rapidly improving AI literacy for all. For more information, visit
Yahoo
21-05-2025
- Business
- Yahoo
Google Canada announces $5 million to support the Alberta Machine Intelligence Institute to boost AI skills for Canadian post-secondary students
will provide $5 million CAD for Amii to establish a national consortium to develop AI curriculum and empower 125,000 post-secondary students with AI skills EDMONTON, AB, May 21, 2025 /CNW/ - Google Canada announced a $5 million CAD grant to the Alberta Machine Intelligence Institute (Amii), a leading artificial intelligence research institute, to equip Canadian post-secondary students with essential AI skills to prepare them for the future of work. This initiative aims to address the growing AI skills gap in Canada and bolster the country's AI-driven economy. With the funding, Amii will establish a national consortium composed of 25 post-secondary institutions across Canada. This consortium will develop easy-to-use AI curriculum materials, allowing faculty to seamlessly integrate AI concepts into existing courses and reach 125,000 students across the country. "Canada has an incredible opportunity to translate decades of AI research excellence into fundamental AI literacy skills for a generation of post-secondary students because of the generous support of said Cam Linke, CEO of Amii. "Amii is proud to lead the effort to build a national AI Workforce Readiness Consortium to empower Canadian students with the fundamental literacy skills they need to succeed in an AI-driven economy. From colleges and polytechnics to U15 Canadian research universities and Indigenous PSE institutes, we're ready to support educators with access to curriculum resources across faculties, programs and domains." Canada has been at the forefront of AI research, and is uniquely positioned to capitalize on the transformative potential of AI - with a strong research network, thriving startup ecosystem and established tech companies driving AI innovation. The opportunity is significant, as Public First's latest Economic Impact Report on Google Canada estimates that generative AI could boost Canada's economy by $230 billion and save the average worker over 175 hours a year. However, despite its research leadership, Canada lags in AI adoption, which is a key component in achieving these transformative results. The first step in reversing that trend is increasing AI skills, knowledge and confidence. Fortunately, Canadians are up to the challenge, as the same Economic Impact Report found that 63 per cent of Canadian workers are interested in acquiring AI skills, with interest rising to 72 per cent among young Canadians. "Entering the workforce with AI skills can help Canadian students navigate the rapidly changing job market," said Sabrina Geremia, VP & Country Managing Director, Google Canada. "Google is proud to support Amii's initiative that will not only benefit 125,000 students directly, but will also help the organizations that hire them put AI to work in improving their productivity, efficiency and growth. Supporting organizations like Amii is part of Google's commitment to shaping a future where AI benefits everyone across Canada. About Google CanadaGoogle's mission is to organize the world's information and make it universally accessible and useful. Through products and platforms like Search, Maps, Gmail, Android, Google Play, Google Cloud, Chrome and YouTube, Google plays a meaningful role in the daily lives of billions of people and has become one of the most widely-known companies in the world. Google Canada has offices in Waterloo, Toronto, Montreal,Ottawa and remotely across the country with employees working on teams across Engineering, AI Research, Sales and Marketing. About AmiiOne of Canada's three centres of AI excellence as part of the Pan-Canadian AI Strategy, Amii (the Alberta Machine Intelligence Institute) is an Alberta-based non-profit institute that supports world-leading research in artificial intelligence and machine learning. Amii translates fundamental research and breakthroughs in AI into business impact, with a focus on transferring knowledge, technology and talent to industry at scale and rapidly improving AI literacy for all. For more information, visit SOURCE Google Canada View original content:
Tourism Breaking News
15-05-2025
- Business
- Tourism Breaking News
Les Roches launches new Master of Science in International Hospitality Management across all global campuses
Post Views: 108 Les Roches unveils its new Master of Science in International Hospitality Management to meet the global demand for highly qualified hospitality leaders. The program will be introduced across its international campuses in a phased rollout: September 2025 in Abu Dhabi, and March 2026 in Crans-Montana and Marbella offering students the chance to experience some of the world's most dynamic hospitality and luxury tourism hubs. This new one-year full-time or 18-month part-time degree is designed for university graduates and career changers seeking leadership, operational, and strategic expertise to thrive in the ever-evolving hospitality industry. Combining the heritage of Swiss hospitality, experiential learning, and a global perspective, the program bridges the gap between academic rigor and industry demands, preparing students to become innovative leaders in hospitality and luxury tourism. This program launch comes at a pivotal moment for the industry. According to the World Travel & Tourism Council's latest Economic Impact Report (EIR) reveals the Travel & Tourism sector is expected to create nearly 126 million new jobs within the next decade. That is one in three of all new jobs set to be created within the industry requiring an estimated 300,000 to 400,000 new managers by 2030, with 400 to 700 managerial positions added each year. 'By aligning our curriculum with industry needs, we aim to prepare graduates to seamlessly integrate themselves into leadership roles, thereby addressing the pressing talent shortages and contributing to the industry's sustainable growth' said, Carlos Díez de la Lastra, CEO Les Roches. 'Les Roches' commitment to academic excellence extends across its global network, bringing Swiss educational standards to diverse cultural and business landscapes. While deeply rooted in Swiss hospitality tradition, each campus integrates local expertise and industry connections to deliver a unique learning experience tailored to regional markets. he added.
