Friday, December 9, 2016

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For every dollar the state invests in higher education, it receives a $5.43 return. For every dollar the state invests in higher education, it receives a $5.43 return.

SDSU Contributes $6.5B Annually to State Economy

A new CSU report says that SDSU accounts for 36 percent of the entire CSU’s impact in California.

San Diego State University’s annual economic impact to the state of California is $6.5 billion, according to a report released today by the California State University Chancellor’s office. 

The system-wide report, Working for California: The Impact of the California State University System, underscores that the dynamic, knowledge-based economy that California enjoys can be directly tied to the investment in world-class public higher education.

Job creation

SDSU’s economic impact, which accounts for 36 percent of the entire CSU’s impact to the state, sustains more than 9,000 jobs in the region and more than 11,400 jobs statewide while generating more than $62 million in local taxes and nearly $86.7 million in state tax revenue.

“The impact SDSU has on our economy is due in large part to our ability to supply graduates to the region and the state; those graduates power the local workforce and enhance our community’s quality of life,” said SDSU President Stephen Weber.

“An investment in SDSU and public higher education is one of the best investments state taxpayers can make.”

Return on investment in higher education

According to the report, CSU-related expenditures create a return on investment of $5.43 for every $1 the state invests.

Among the most significant factors in the report is the impact SDSU’s alumni have statewide. Nearly $4.2 billion of the earnings by alumni from San Diego State are attributable to their CSU degrees, which creates an additional $6.5 billion of industry activity throughout the state.

Of SDSU’s more than 200,000 alumni, approximately 60 percent live in San Diego.

In 2007, in a report analyzing SDSU’s local economic impact, the university estimated its total impact to the region was $2.4 billion annually.

More graduates ready to contribute to the economy

In 2009, SDSU conferred more than 8,862 degrees. This year, 10,492 bachelor’s, master’s and doctoral degree candidates have been approved to participate in commencement—expected to be SDSU’s largest graduating class in at least a decade.