A new report by the Connecticut Conference of Independent Colleges (CCIC) highlights Fairfield University’s role as a significant economic driver both locally and across the state of Connecticut.
A newly released economic impact report from the Connecticut Conference of Independent Colleges (CCIC) estimates Fairfield University’s total economic contribution to Connecticut at $1,244,464,762, highlighting the University's substantial influence on the state’s economy.
As the largest private employer in the town of Fairfield, Fairfield University plays a vital role in supporting the local economy and contributes significantly to the broader economic landscape of Connecticut. The biennial report, which uses FY23 data, analyzes the economic effects of Connecticut's 14 non-profit independent colleges and universities, covering spending across a range of activities — from payroll and operations to student, employee, and visitor spending.
Fairfield University’s Contribution to Connecticut’s Economy
- $744 million in direct spending
- $501 million in induced spending
- $145 million in direct spending by employees
- $62 million in direct spending by students
- $27 million in direct spending by visitors
- 9,041 jobs created

Fairfield University is also home to a vibrant alumni network, with more than 20,000 alumni living across Connecticut. These accomplished alumni bring their expertise, leadership, and talents to businesses and organizations throughout the state, further contributing to the region’s continued growth and prosperity.
“At Fairfield University, we are deeply committed to being a force for good in our local community,” said Vice President of Marketing & Communications Jennifer Anderson. “We recognize our responsibility to enrich the area we call home — through service, culture, education, and economic collaboration. Fairfield University actively contributes to the regional economy, not only as the largest private employer in Fairfield but also as a partner to local businesses. We work closely with the Chamber of Commerce, sponsor community events, and host key gatherings. We also foster connections between our students and local businesses, providing a strong pipeline of talented interns who support and strengthen local enterprises.”