ERIC Number: ED468138
Record Type: Non-Journal
Publication Date: 1998-Jun
Reference Count: N/A
The Economic Impact of Utah Valley State College, 1996-1997.
Hoyt, Jeff E.; Haas, Terry
This report estimates the economic impact of Utah Valley State College (UVSC) on Utah County, Utah, in 1996-1997, using the Ryan-New Jersey model, a model that estimates economic impact on the local economy by summing the total expenditures of the college, employees, and students. UVSC is a state college composed of two interdependent divisions, a community college division and an upper division that consists of programs leading to baccalaureate degrees in areas of high community demand and interest. The U.S. Department of Commerce has developed a multiplier to apply to expenditures to estimate the total impact of college, employee, and student expenditures on the local economy. It is estimated that about $112 million of the economy in Utah County during fiscal year 1996-1997 was a result of the presence of UVSC. The expenditures of the College generate business for nearly every type of business enterprise in the County. The College provided jobs for 714 full-time and 1,228 part-time working adults (non-students), and employment for 694 students. Estimates indicate that the state obtains a high return on its investment in UVSC; for every dollar invested by the state in 1996-1997, there was a total return of $3.81 to the community. The economic impacts of some of the Colleges programs and centers are estimated individually. One appendix contains the economic impact work sheet under the Ryan-New Jersey model. A second appendix contains model survey data, and the third cites one reference. (SLD)
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: Utah Valley State Coll., Orem.