Study: SEMO students spend $63 million in Cape Girardeau
Monday, October 8, 2012 | 7:27 a.m. CDT;
updated 9:39 a.m. CDT, Monday, October 8, 2012
CAPE GIRARDEAU — A new study shows that students at Southeast Missouri State University provide a huge boost to the region's economy.
The Southeast Missourian reported that a study released by the university Friday found students spend more than $63 million locally on everything from rent to food to tattoos over the nine-month school year.
University officials say the report can be useful for those looking to open a business in Cape Girardeau, or trying to reach the student demographic in the region.
The largest spending by students was $10.8 million for groceries, with $7 million each spent for gas and rent.
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