Solutions from Rutgers: New Jersey’s Partner for a Strong Economy - PowerPoint PPT Presentation

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Solutions from Rutgers: New Jersey’s Partner for a Strong Economy

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  1. Solutions from Rutgers: New Jersey’s Partner for a Strong Economy 2009

  2. Solutions: Rutgers Stimulates the Economy State’s investment brings significant returns • 6:1 — Rutgers returns more than six times the state’s investment • $691.5 million — Rutgers revenue from sources outside New Jersey • $120.9 million — Record-breaking private giving to Rutgers for 2007–2008

  3. Solutions: Source of State and Local Revenue Rutgers contributes to New Jersey’s tax and credit base • 35,000: Number of tax-paying New Jerseyans employed directly or indirectly by Rutgers • $100 million: Contribution to New Jersey’s local and state tax bases by Rutgers faculty, staff, students, and visitors • $1.3 billion: Contribution to New Jersey’s credit base through payroll, endowment and investments, and retirement funds

  4. Solutions: Investing in Capital Construction Construction projects to bring 5,000 jobs to New Jersey • $500 million building program is expected to create 5,000 jobs through 2011 • Rutgers’ strong credit rating attracts investors • More than 20 new projects will provide state-of-the-art academic and student-life facilities

  5. Solutions: Investing in Our Hometowns New facilities provide an economic boost • New Brunswick • Barnes & Noble at Rutgers Superstore • College of Nursing • Piscataway • Solar Energy Farm, the largest in New Jersey • Rutgers Stadium

  6. Solutions: Investing in Our Hometowns New facilities provide an economic boost • Camden • $37 million School of Law expansion • Eldridge R. Johnson Park restoration • Newark • Rutgers Business School • University Square residence hall

  7. Solutions: Preparing the Workforce Supplying highly skilled, well-educated employees • More than 108,400 graduates in the past 10 years • Rutgers ranked 6th nationally in the Wall Street Journal SmartMoney magazine return on investment survey of college costs versus salaries earned by graduates • Continuous education keeps workers competitive, providing new knowledge and skills to 45,000 individuals each year • Rutgers Career Services helps put New Jersey to work, hosting multiple career fairs throughout the year

  8. Solutions: Alumni Impact Some 200,000 alumni contribute to the state’s tax base Alumni return the state’s investment in their education, paying: • $172 million in state sales tax • $624 million in state income tax • $969 million in local property tax

  9. Solutions: Rutgers Research and Development Home to the state’s most extensive and diversified research laboratories • $327.2 million in research grants and contracts in 2008 • $211 million in federal research and contract funding in 2008 • New Jersey is one of seven states that together account for half of all U.S. R&D activities

  10. Solutions: Technology Commercialization Bringing Rutgers ideas, inventions, and discoveries into the marketplace • $8.4 million in royalty income in 2008, places Rutgers in the top five American universities without medical schools • Among the top 10 universities in the nation for inventions, with 96 options and licenses signed in 2008 • 94 invention disclosures and 36 U.S. patents in 2008 • Over 60 spin-off companies with more than two-thirds in New Jersey

  11. Solutions: New Enterprise and Small Business Business advice and consulting services for emerging companies across New Jersey • Rutgers’ New Jersey Small Business Development Centers • 879 clients started businesses in 2008 • 12,000 jobs were created or retained in 2008 • Rutgers–Camden Business Incubator • Averages 41 tenants with a total of more than 225 employees • Nurtured 15 “graduates” that now employ more than 160 people in New Jersey and have a combined payroll exceeding $8 million

  12. Solutions: Technology Expertise for Business Technical assistance in developing new products • Food Innovations Center • Worked with more than 1,000 companies since 2001 • Rutgers’ EcoComplex • 125 New Jersey “green startup” jobs • $22.5 in revenue generated by tenant companies

  13. Solutions: Economic Analysis and Forecasting Objective, authoritative data and policy analysis for government and industry • Rutgers Regional Report: State and regional economic and demographic assessments by expert state economists Joseph J. Seneca and James W. Hughes • Sitar-Rutgers Regional Report: Employment and office market trends in northern and central New Jersey • Quarterly Business Outlook: South Jersey’s periodic barometer of the health of the region’s economy

  14. Solutions: Serving New Jersey A resource for communities throughout the state • 16,000 state and local officials and employees receive training in planning, public works, finance, and more each year • Nearly 102,000 New Jersey residents participated in Rutgers Cooperative Extension programs in 2008 • Since its launch in fall 2008, Rutgers Against Hunger has collected more than 20 tons of food for New Jersey food banks and raised nearly $49,000

  15. Solutions: Serving New Jersey A culture of service and volunteerism • School of Law–Camden students provide approximately 30,000 hours of free legal advice and services annually • Students provide hundreds of hours of community service and raise significant funds through philanthropic events, including $1.3 million over the past 11 years through the annual dance marathon

  16. Solutions: People in Every County Rutgers alumni, student, faculty, and staff come from and contribute to all 21 New Jersey counties

  17. Solutions: People in Every County

  18. Rutgers, The State University of New Jersey To learn more about Rutgers’ economic impact, visit rutgers.edu