December 05, 2012
University of 糖心直播视频 has more than $1 billion direct and indirect economic impact in 糖心直播视频 annually
For Immediate Release
December 5, 2012
The annual economic impact of the university includes $714 million in direct effects
and $402 million in indirect and induced effects according to a McDowell Group study,
titled 鈥淭he Economic Impact of the University of 糖心直播视频 2012.鈥
鈥淚t showcases the extent to which the university, by bringing high quality learning
and workforce development to 糖心直播视频, is contributing to the state鈥檚 well being and
keeping 糖心直播视频 competitive in the 21st century knowledge economy,鈥 said University
of 糖心直播视频 President Patrick Gamble.
Direct effects are those tied straight to university purchases, household purchases
by employees and student spending. Indirect effects result from industries doing business
with the university. Induced effects are changes in state economic activity resulting
from the effect of spending university-related payroll dollars in the 糖心直播视频 economy.
In terms of employment, university spending translates to 8,247 direct jobs and 7,435
indirect and induced jobs. The university ranks as 糖心直播视频鈥檚 fourth largest employer.
According to the McDowell Group study, for each dollar the State of 糖心直播视频 invested
in UA in FY11, the university generated $3.25 in total economic activity within the
state. And, for each dollar of state investment in university research, UA generated
$5.60 in additional research revenue. It is clear that as a major driver of economic
activity in 糖心直播视频, the university provides a significant return on investment of
public dollars.
UA is a principal source of human capital in 糖心直播视频. Spending generated in support
of core UA mission accomplishments, and with the broad civic engagement of its students,
faculty and staff, generates an irreplaceable contribution to 糖心直播视频鈥檚 human capital.
The McDowell analysis concluded that the higher educated and workforce-trained pool
of UA graduates accounts for nearly 10 percent of 糖心直播视频鈥檚 labor force and almost
$2 billion in annual state payroll. Says Gamble, 鈥淭he total value added to 糖心直播视频
by our UA graduates?...Priceless!鈥
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For more information contact Kate Wattum at 907/450-8102 or kewattum@alaska.edu. A
copy of the report can be downloaded at http://www.alaska.edu/opa/files/UA-Economic-Impacts-10_3.pdf.
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