Contact: University of California Office of the President
Phone: (510) 987-9200
OAKLAND — The University of California is a key economic catalyst for the state, generating $46.3 billion in annual economic activity for California and contributing $32.8 billion toward California’s gross state product through direct spending and multiplier effects, according to an independent economic impact report released on Sept. 14, 2011.
Put another way, every $1 the California taxpayer invests in UC provides the foundational support that, supplemented by revenues from other sources, results in nearly $14 in overall economic output.
The study by Economic & Planning Systems Inc. further shows that UC supports 1 in 46 jobs in California, uses state funding to leverage significant additional non-state revenue that benefits Californians and makes economic contributions to all regions of California through the economic ripple effects of its activities. The report did not measure the impact of UC’s development of human capital — additional benefits such as spinoff companies created from UC research, tax revenue generated by UC activities or the social and economic contributions of UC alumni.
The full article and links to the fact sheets are at: http://www.universityofcalifornia.edu/news/article/26271