Columbia has ranked 25th in a national study of college towns most economically affected by the pandemic, the Columbia Missourian reports.
Conducted by Smart Asset, the study measures college faculty and students as a percentage of the population, as well as businesses they frequent. There were 95 college communities studied, with many of the hardest hit in Midwestern and Southern areas of the country.
The study also found that smaller college towns were impacted more, as students and faculty made up a higher concentration of their population.
Sales tax makes up 27% of Columbia’s revenue, and it is already projected to decrease 10% this year. If classes cannot continue in person as planned, that could mean even fewer students living and spending in Columbia.