ERIC Number: ED466707
Record Type: RIE
Publication Date: 2001-Aug
Reference Count: N/A
Shaping the Future: The Economic Impact of Public Universities.
Both sections of this report are based on information supplied by members of the National Association of State Universities and Land Grant Colleges (NASULGC) in response to a questionnaire sent out in the summer of 2000. NASULGC sent the survey to the office of institutional research at each member campus and system. Responses were received from 96 member institutions and 10 university systems. Many institutions sent their most recent economic impact reports and other information to supplement their questionnaire responses. The report makes no attempt to compare the impact of individual institutions or to arrive at cumulative figures about the total economic impact of the responding institutions because different criteria were used to calculate the direct and indirect economic effects of their operations. Data clearly indicate that state-supported institutions of higher education remain powerful engines for economic stability and growth. The average return on every $1 of state money invested in a NASULGC institution is $5. The mean annual institutional spending is $284 million, and some institutions' budgets reach a billion dollars or more. Fore very $100 spent by a member institution, its employees, visitors, and students spend another $138 of their personal funds. The mean number of jobs at NASULGC member institutions was found to be 6,562 (not including part-time student employees). The economic payoffs from college graduates and the research revenue and spending are also noted. Part 2 contains highlights of the reports from member institutions. (Contains 20 figures.) (SLD)
Descriptors: Cost Effectiveness, Economic Factors, Economic Impact, Higher Education, Public Colleges, Surveys
For full text: http://www.nasulgc.org/publications/publications.asp.
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: National Association of State Universities and Land Grant Colleges, Washington, DC.
Note: Prepared by the Office of Public Affairs.