ERIC Number: ED398842
Record Type: RIE
Publication Date: 1996-Aug
Reference Count: N/A
For Every Dollar Invested...The Economic Impact of Public Universities.
National Association of State Universities and Land Grant Colleges, Washington, DC.
This publication summarizes information provided during 1995 and early 1996 in an informal survey of state and land-grant universities concerning the direct and long-range economic impacts of public universities on their immediate communities. Items considered under direct impact include: expenditures by the universities on supplies, materials, equipment, acquisition, maintenance, construction and rehabilitation; student spending for off-campus housing, transportation, books, clothing, laundry, and other living expenses; employee spending; visitor spending by parents and others who visited campuses for athletic events, conferences, commencements, or other special events; jobs, including university employees and jobs created by university spending; tax revenue; and out-of-state revenues, including research grants and student assistance. Items considered under long-term impact include fostering new business and creating new jobs; promoting innovation; enhancing the work force; improving the quality of life; and public service, such as outreach programs that help solve social problems. The report concludes that state and land-grant institutions have been successful in using state funding as seed money to generate jobs and other revenue. Most of the document presents detailed data on direct and long-term benefits for specific institutions in the Northeast (12), Southeast (15), Midwest (14), and West (14). A list of supplementary reports concerning individual universities is also included. (CK)
Descriptors: Capital Outlay (for Fixed Assets), Change Agents, Economic Factors, Economic Impact, Educational Economics, Expenditures, Higher Education, Land Grant Universities, Public Colleges, School Community Relationship, State Federal Aid, State Universities
National Association of State Universities and Land-Grant Colleges, One Dupont Circle, Suite 710, Washington, DC 20036-1191 (free).
Publication Type: Reports - Descriptive; Numerical/Quantitative Data
Education Level: N/A
Authoring Institution: National Association of State Universities and Land Grant Colleges, Washington, DC.