College Park, Md. – September 19, 2011 – While the U.S. jobs picture may be bleak, the proliferation of Facebook and mobile technology applications has spawned an entirely new industry – dubbed the “App Economy” — that has added at least 182,000 new jobs and contributed more than $12.19 billion in wages and benefits to the U.S. economy this year, according to new research from the University of Maryland’s Robert H. Smith School of Business.

College Park, Md. – September 19, 2011 – While the U.S. jobs picture may be bleak, the proliferation of Facebook and mobile technology applications has spawned an entirely new industry – dubbed the “App Economy” — that has added at least 182,000 new jobs and contributed more than $12.19 billion in wages and benefits to the U.S. economy this year, according to new research from the University of Maryland’s Robert H. Smith School of Business. Using more aggressive estimates, the Facebook App Economy created a total of 235,644 jobs, adding a value of $15.71 billion to the economy.

It seems everyone is using Facebook – including a sizable number of businesses built around the platform. It’s an entirely new industry – dubbed the “App Economy,” and for the first time, professors at the University of Maryland’s Robert H. Smith School of Business have been able to quantify the economic impact of jobs created by this new industry.

U.S. News Ranks Smith School’s Undergraduate Program Among Nation’s BestSmith School listed among top 10 in Information Systems, Supply Chain Management, Management specialty categories

Thursday, Sept. 15, 2011, 7:30 p.m.; Sunday, Sept. 18, 2011, 7:30 a.m.

The Center for Financial Policy and the Mutual Fund Directors Forum co-hosted the Oversight of Derivatives Roundtable on September 9, 2011 at the Ronald Reagan Building in downtown Washington DC. The program explored the current issues facing fund directors in their oversight of derivatives. This event was made possible by the generous support of Ropes & Gray LLP.

The Center for Social Value Creation led the University of Maryland’s Robert H. Smith School of Business to a No. 37 global ranking (No. 28 U.S.) in the Aspen Institute’s 2011-2012 “Beyond Grey Pinstripes” survey of business schools. Schools are recognized for demonstrating significant leadership in integrating social, environmental and ethical issues into their MBA programs.

The Center for Financial Policy at the University of Maryland’s Robert H. Smith School of Business opened a discussion on the bleak U.S. economic outlook and jobs market with a speech from Federal Reserve Board Governor Sarah Bloom Raskin, Sept. 26, 2011 at the Ronald Reagan Building and International Trade Center in Washington, D.C. The event was part of the center’s distinguished speaker series and drew government and business leaders, along with students and members of media to explore the timely topic.

CRO Lecture SeriesPeter Schnall, CRO, Capital OneOctober 11, 2011 | Washington, D.C.

MEDIA ALERT: August 25, 2011 UMD BUSINESS FACULTY AVAILABLE TO DISCUSS APPLE’S FUTURE WITHOUT STEVE JOBS AT THE HELM