For every dollar the state invests in the Learn by Doing University, the analysis shows that industrial activity across California increases nearly tenfold, using data from fiscal year 2018-19.
SAN LOUIS OBISPO – Cal Poly’s economic contribution to the county, region and state is like a ripple effect, supporting thousands of jobs and generating more than $1.6 billion in industry and more than $105 million in state and local tax revenue, according to an economic impact study released Jan. 1. April has been published.
In 2018-19, the campus spent more than $1 billion. Total expenses for the year ended December 31 The year ended December 31, 2011 were $1.3 billion, of which $535.1 million related to operating expenses, $132.5 million related to support costs and $70.1 million related to expenses for the year ended December 31, 2011. – The Group’s operating activities were affected by the increase in operating expenses. In addition, more than 20,000 Cal Poly students spent nearly $280 million.
The study was commissioned by California State University, the country’s largest public four-year university system, with more than 485,000 students and 52,000 faculty and staff at 23 CSU campuses – including Cal Poly – and eight off-campus centers across the state. Researchers from ICF International Inc, a global digital consulting and services company, used data from the 2018-19 school year.
In addition, Cal Poly graduates living on the Central Coast – a five-county region that includes Ventura, Santa Barbara, San Luis Obispo, Monterey and San Benito – earned an additional $996.4 million from their CSU degrees, and graduates who remained in the Golden State earned an additional $3.8 billion in 2019.
A university of excellence succeeds only when it involves the entire university community – students, faculty and staff, parents, alumni and friends coming together in a partnership of discovery, said Jeffrey D. Armstrong, president of Cal Poly. Fortunately, there are many people at Cal Poly who are engaged in active partnerships – and deeply committed to making a difference in the lives of every student.
The economic impact study further highlights California’s return on investment in the CSU. For every $1 the state invests in the CSU, $6.98 of positive economic activity is generated in the Golden State. When the effect of income growth for CSU graduates is included, the figure is even higher: $29.90 in total economic activity for every dollar invested. This figure shows the impact every dollar spent by the CSU and its students has on the state.
California State University has long been known for its educational offerings and as the economic engine of California. This new report better illustrates and quantifies CSU’s impact on the Golden State, said CSU Chancellor Joseph I. Castro. The return of nearly seven dollars for every dollar invested in the university demonstrates the wisdom of continuing to invest boldly in the university.
As a state-supported institution, CSU depends on the state General Fund to fund the university’s operating budget. California has invested more in the CSU in recent years, which has led to greater student success: the number of graduates under the university’s 2025 initiative reaches record levels each year.
The study revealed other notable examples of the CSU’s annual statewide economic impact: – $26.9 billion in industry statewide – $10.3 billion in labor income – $1.6 billion in state and local tax revenue – Creation of more than 209,400 jobs.
The numbers are also good for Cal Poly: $9.84 for every $1 the state invests, nearly four times the $35.19 when the impact of alumni earnings is included.
In the Central Coast region, Cal Poly activities were particularly encouraged:
– 18,365 jobs
– $465.5 million in labor income
– $1.6 billion in industrial activity
– $105.6 million in state and local tax revenues
Statewide, these numbers increased:
– 19,270 jobs
– $536.5 million in employee revenues
– $1.8 billion in industry revenues
– $115.3 million in tax revenues
And Cal Poly graduates living in California contributed even more: 25,348 new jobs, $1.6 billion in labor income, $4.7 billion in business activity, and $315.3 million to state and local governments.
The report also examines the impact of CSR on some of California’s key industries and growth sectors, including agriculture, water research, biotechnology and health care, and energy and environment, to name a few.
Link to the California State University economic impact study: calstate.edu/impact.
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