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Impact of California State University: Economic Study 2010

This study assesses CSU's impact on California by measuring fiscal and qualitative effects, such as educational access, workforce preparation, sustainability, and research/innovation. The economic study shows CSU's significant contributions, including generating over $17 billion in annual economic activity and supporting over 150,000 jobs. CSU's investments result in a high return on investment for the state, benefiting alumni earnings, reducing unemployment rates, and meeting California's workforce needs. The university also plays a crucial role in fields key to California's industries and promotes sustainability and innovation. Investing in the CSU is investing in California's future prosperity. 8 Relevant

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Impact of California State University: Economic Study 2010

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

  2. 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.

  3. 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.

  4. 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.

  5. 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.

  6. CSU Serves the Needs of California’s Workforce 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.

  7. CSU Awards the Most Degrees inFields Key Industries Rely On • Percentage of California Bachelor’s Degrees Awarded by the CSU, 2007

  8. Building the Future Generation: Educating Teachers • Newly Issued California Teaching Credentials by University, 2007-08

  9. CSU is also the Largest Producer of California Graduates in Public Service Occupations • Percentage of California Bachelor’s Degrees Awarded by the CSU, 2007

  10. Making Higher Education Accessible • CSU Bachelor’s Degree Recipients as a Percentage of All California Public and • Private University Bachelor’s Recipients, 2006-07

  11. 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.

  12. 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.

  13. www.calstate.edu

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