Working for California: The Impact of the California State University Economic Impact Study 2010.

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Transcript of Working for California: The Impact of the California State University Economic Impact Study 2010.

Working for California:The Impact of the

California State University

Economic Impact Study 2010

Overview of the CSU’s Impact Assessment

• Updating the assessment conducted in 2004.

• Measures fiscal and qualitative impacts of the CSU on regions and state.

• Identifies CSU’s contributions to educational access, workforce preparation, sustainability, and research/innovation.

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The Magnitude of the CSU's Economic Impact

CSU is an Economic Engine:

• University expenditures almost $8 billion.

• CSU-related spending generates more than $17 billion annually in

economic activity.

• CSU’s direct spending generates $995 million in annual taxes for state and local governments, giving back more than the state’s annual investment in the CSU.

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The State’s Return on Investment

• CSU-related expenditures create a return on investment of $5.43 for every $1 the state invests.

• Higher alumni earnings and CSU expenditures together provide a return of over $23 for every $1 the state invests.

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CSU Supports Employment Across California

• Job Creation – CSU-related expenditures support over 150,000 jobs annually in

California.

– With higher alumni earnings, CSU supports roughly 485,000 jobs statewide annually.

• Reduced Unemployment – A four-year college degree reduces the likelihood that a Californian

is unemployed. California’s unemployment rate for workers with only a high-school degree is almost 14 percent compared to just over 6 percent for four-year degree holders.

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In 2006-07, the CSU Awarded:

• 71,000 bachelor’s degrees, half of all the bachelor’s degrees statewide.

• 18,000 master’s degrees, one-third of all the master’s degrees statewide.

CSU Serves the Needs of California’s Workforce

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CSU Awards the Most Degrees inFields Key Industries Rely OnPercentage of California Bachelor’s Degrees Awarded by the CSU, 2007

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Building the Future Generation: Educating TeachersNewly Issued California Teaching Credentials by University, 2007-08

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CSU is also the Largest Producer of California Graduates in Public Service OccupationsPercentage of California Bachelor’s Degrees Awarded by the CSU, 2007

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CSU Bachelor’s Degree Recipients as a Percentage of All California Public and

Private University Bachelor’s Recipients, 2006-07

Making Higher Education Accessible

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CSU on Sustainability and Research/Innovation

• Increased course offerings in sustainability and Green Business Certificate programs.

• Recognized in Top 20 list of largest national green power purchasers by EPA.

• 33 LEED™ certified/to-be-certified projects across 16 campuses and multiple solar-powered generation systems.

• Applied research in key California industries including agriculture, biotechnology, information technology and other fields.

• Research and project-sponsored expenditures amount to over half a billion dollars and employed 6,000 students in FY 2007-08.

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Conclusion: Investing in the CSU is Investingin California

• California reaps a five-fold benefit from every dollar the state invests in the CSU.

• The CSU sustains over 150,000 jobs in California annually, and by providing education to those that would otherwise not have access, decreases statewide unemployment.

• The CSU ensures California’s future prosperity by educating the state’s students for knowledge-based industries, public sector occupations, and the green workforce.

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www.calstate.edu

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