California State University, Stanislaus generates a total impact of $169 million annually on the regional economy and $268 million on the statewide economy, according to a new report on the California State University system’s fiscal influence on the state.
The report, “Working for California: The Impact of the California State University System,” also underscores the long-lasting value of a CSU Stanislaus education, concluding that nearly $667 million of earnings by alumni is directly attributable to their college degrees and creates an additional $1 billion of industry activity throughout the state.
“Leaders throughout the region know that CSU Stanislaus has played a major role in the economic vitality of the Central Valley for 50 years, but it is important to have the research that proves it,” said CSU Stanislaus President Hamid Shirvani. “It also helps to remind the communities we serve of the tremendous influence the university has in meeting workforce needs, as well as pointing to the significant return on the taxpayers’ investment in a world-class institution.”
“The public needs to know the widespread economic impact of their universities on communities,” said Amy Moffat, director of research at the Great Valley Center, a nonprofit organization focused on regional issues such as agriculture, energy, infrastructure, economic development and technology. “Universities like CSU Stanislaus are a key to providing an educated workforce for the whole region.”
The report cites specific CSU Stanislaus economic impact highlights that include:
• Annual spending of $150.2 million generates a total impact of $169 million on the regional economy, and nearly $268 million on the statewide economy.
• CSU Stanislaus’ impact sustains more than 2,000 jobs in the region and more than 2,300 jobs statewide.
• Each year, the economic impact of CSU Stanislaus generates more than $8 million in local and nearly $15 million in statewide tax revenue.
• Nearly $677 million of the earnings by alumni are attributable to their CSU Stanislaus degrees, which creates an additional $1 billion of industry activity throughout the state.
The report observes that CSU Stanislaus has been found to make other positive contributions to the region, including:
• The four-year pre-licensure nursing program, established in 2002, is helping to meet the need for qualified nursing graduates throughout the state. The university added its first master of science in nursing program in 2009 and will begin an online nursing course this fall.
• Since its 2007 startup, the CSU Stanislaus Executive Master of Business Administration Program has enabled more than 100 working professionals to advance their careers and help their companies and organizations.
• CSU Stanislaus annually performs more than $6 million of government-funded research dealing with California’s endangered species. The Endangered Species Program in the College of Natural Sciences focuses on rare and endangered animals and plant life, and helps resolve conservation conflicts with agriculture and urban growth.
The report also observes that CSU Stanislaus “improves life in the San Joaquin Valley region through research, arts and community service.” It notes that university-sponsored events and athletic competitions draw tens of thousands of persons annually, and that the College of the Arts offers nearly 100 events every year.
The report came out just before the university’s announcement on June 1 that budget committees in both houses of the state Legislature have approved the governor’s proposed issuance of $18 million in lease revenue bonds for seismic retrofit and renovation of the university’s Science 1 Building. The project, expected to generate more than 200 jobs, is now included in the 2010-11 state budget and can proceed once the governor signs the final budget.
For more on CSU Stanislaus’ economic impact, visit
http://www.calstate.edu/impact/campus/stanislaus.html
The full CSU report is available at http://www.calstate.edu/impact/.
The report, “Working for California: The Impact of the California State University System,” also underscores the long-lasting value of a CSU Stanislaus education, concluding that nearly $667 million of earnings by alumni is directly attributable to their college degrees and creates an additional $1 billion of industry activity throughout the state.
“Leaders throughout the region know that CSU Stanislaus has played a major role in the economic vitality of the Central Valley for 50 years, but it is important to have the research that proves it,” said CSU Stanislaus President Hamid Shirvani. “It also helps to remind the communities we serve of the tremendous influence the university has in meeting workforce needs, as well as pointing to the significant return on the taxpayers’ investment in a world-class institution.”
“The public needs to know the widespread economic impact of their universities on communities,” said Amy Moffat, director of research at the Great Valley Center, a nonprofit organization focused on regional issues such as agriculture, energy, infrastructure, economic development and technology. “Universities like CSU Stanislaus are a key to providing an educated workforce for the whole region.”
The report cites specific CSU Stanislaus economic impact highlights that include:
• Annual spending of $150.2 million generates a total impact of $169 million on the regional economy, and nearly $268 million on the statewide economy.
• CSU Stanislaus’ impact sustains more than 2,000 jobs in the region and more than 2,300 jobs statewide.
• Each year, the economic impact of CSU Stanislaus generates more than $8 million in local and nearly $15 million in statewide tax revenue.
• Nearly $677 million of the earnings by alumni are attributable to their CSU Stanislaus degrees, which creates an additional $1 billion of industry activity throughout the state.
The report observes that CSU Stanislaus has been found to make other positive contributions to the region, including:
• The four-year pre-licensure nursing program, established in 2002, is helping to meet the need for qualified nursing graduates throughout the state. The university added its first master of science in nursing program in 2009 and will begin an online nursing course this fall.
• Since its 2007 startup, the CSU Stanislaus Executive Master of Business Administration Program has enabled more than 100 working professionals to advance their careers and help their companies and organizations.
• CSU Stanislaus annually performs more than $6 million of government-funded research dealing with California’s endangered species. The Endangered Species Program in the College of Natural Sciences focuses on rare and endangered animals and plant life, and helps resolve conservation conflicts with agriculture and urban growth.
The report also observes that CSU Stanislaus “improves life in the San Joaquin Valley region through research, arts and community service.” It notes that university-sponsored events and athletic competitions draw tens of thousands of persons annually, and that the College of the Arts offers nearly 100 events every year.
The report came out just before the university’s announcement on June 1 that budget committees in both houses of the state Legislature have approved the governor’s proposed issuance of $18 million in lease revenue bonds for seismic retrofit and renovation of the university’s Science 1 Building. The project, expected to generate more than 200 jobs, is now included in the 2010-11 state budget and can proceed once the governor signs the final budget.
For more on CSU Stanislaus’ economic impact, visit
http://www.calstate.edu/impact/campus/stanislaus.html
The full CSU report is available at http://www.calstate.edu/impact/.