Report says Kent State has big impact on Northeast Ohio economy. Reported by Katie Byard. A new report shows Kent State University has an annual economic impact of more than $3 billion. Kent State University President Beverly Warren released the study — by EY, formerly Ernst & Young — after a private breakfast with city and university leaders Monday morning. The report says the university’s “direct financial impact” on an 18-county Northeast Ohio area is more than $1 billion annually. Coupled with alumni earnings in the region, Kent State contributes nearly $3.4 billion to the region’s economy each year.