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Eastern Switzerland benefits from University of St.Gallen

The University of St.Gallen increased its value growth contribution to the Appenzell Ausserrhoden/St.Gallen/Lake Constance region in 2015. Now, a new report has revealed the effects of the contribution on companies, foundations and housing conditions.

Building HSG
The University of St.Gallen increased its value growth contribution to the Appenzell Ausserrhoden/St.Gallen/Lake Constance region in 2015. (image: Universität St.Gallen)

The University of St.Gallen (HSG) contributed CHF 237 million in 2015 compared to CHF 207 million in 2013, according to a statement. The value growth was created by the university, its lecturers and students and event participants. The canton of St.Gallen funded CHF 44.6 million of the HSG’s budget of CHF 225 million in 2015. However, with the CHF 237 million value creation, the university quintupled every single franc.    

Among those contributing to this sum were lecturers, who offered their expertise to 117 company and foundation mandates. Furthermore, 60 per cent of the staff and 80 per cent of the students live in the region. Meanwhile, HSG events led to 25,800 overnight lodgings in the city and region, equating to 14 per cent of the total overnight stays. On the basis of texts related to the HSG published in national and international publications, the report calculated an advertising value of CHF 81 million.   

In its statement, the HSG also highlights its involvement in public life, including public lectures and provisions such as the library. It adds that its co-operations with St.Gallen-Bodensee-Tourism and the Olma Messen are intended to strengthen St.Gallen as a conference location.

In 2015, the University of St.Gallen had 8,232 students – an increase of 7.4 per cent compared to 2013. 37 per cent of the students were enrolled on economics courses, a field in which the university claims to have a dominant market share in Switzerland. 

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