ERIC Number: ED416778
Record Type: RIE
Publication Date: 1997-Dec
Value Added: The Economic Impact of Public Universities.
National Association of State Universities and Land Grant Colleges, Washington, DC.
This monograph reports the results of a survey of the economic impact on state and local economies of the 194 member institutions of the National Association of State Universities and Land-Grant Colleges. Analysis of responses (from 111 institutions) is reported in text and graphs. An introductory section notes that the recent emphasis on cutting costs in public higher education make it important to demonstrate that these institutions are powerful engines for state economic growth. Major findings include the following: these institutions generate a median average return of $4 for every state tax dollar invested and generate a median average of 1.6 jobs for every college or university job held; spending by university employees, students, and visitors has a significant effect on state and local economies; these institutions also generate about $19 million a year in tax revenues for the states; they foster new business, create long-term job growth, promote innovation, enhance the work force, improve the quality of life, and foster public service. Summaries of answers to the survey questions are also provided. The remainder of the document presents evidence of the positive economic impact of each responding institution. Summaries are grouped by area of the country: the West, the Midwest, the Northeast, and the Southeast. An index of participating institutions is included. (DB)
Descriptors: Cost Effectiveness, Economic Development, Economic Impact, Educational Economics, Government School Relationship, Higher Education, Land Grant Universities, National Surveys, School Business Relationship, School Community Relationship, State Universities, Taxes
Office of Public Affairs, National Association of State Universities and Land-Grant Colleges, 1307 New York Ave., N.W., Suite 400, Washington, DC 20005-4701; phone: 202-778-0842; fax: 202-296-6456; World Wide Web: http://www.nasulgc.org
Publication Type: Opinion Papers; Reports - Evaluative
Education Level: N/A
Authoring Institution: National Association of State Universities and Land Grant Colleges, Washington, DC.
Grant or Contract Numbers: N/A