ERIC Number: ED356733
Record Type: Non-Journal
Publication Date: 1993-Jan
Reference Count: N/A
UMASS/Boston: An Economic Impact Analysis.
This report assesses the economic impact of the University of Massachusetts at Boston (UMass/Boston) on the Commonwealth of Massachusetts with attention to three major economic contributions: (1) the additional income that UMass/Boston students generate within the state as a result of their university education; (2) the added state income and sales tax revenue generated for the state government as a result of the additional income earned by these students; and (3) the export base income and tax revenue generated from non-resident tuition, fees, and living expenses, gifts and unrestricted funds from non-Massachusetts sources, student federal grants-in-aid, non-Massachusetts sponsored grants and contracts, and federal endowment income. Despite reliance on conservative assumptions throughout the model, it may be concluded that in economic terms UMass/Boston has been a lucrative investment for the Commonwealth even if one merely considers the beneficiary to be the state government itself. Among the findings it was estimated that the UMass/Boston entering class of Fall 1991, involving 2,572 students, will generate over their working lives, an added $1.05 billion to the overall income stream in Massachusetts, an amount of revenue that greatly exceeds the $34.1 million that students cost the state during their training at UMass/Boston. (GLR)
Descriptors: College Graduates, Cost Effectiveness, Economic Impact, Economic Progress, Federal Aid, Fees, Higher Education, Income, Productivity, School Community Relationship, State Aid, State Universities, Taxes, Tuition
University of Massachusetts, Chancellor's Office, Boston, MA 02125 (free).
Publication Type: Information Analyses; Reports - General
Education Level: N/A
Audience: Administrators; Policymakers; Practitioners
Authoring Institution: Massachusetts Univ., Boston.
Identifiers - Location: Massachusetts