CAMPUS ECONOMIC IMPACT TOPS $3 BILLION ANNUALLY
UC Davis generated $3.06 billion in economic activity in California during
the last full fiscal year, based on recently released financial information
That represents an increase of 4.4 percent, or $130 million, in economic
activity from the $2.93 billion generated in the 2003-04 fiscal year.
UC Davis remains one of the largest employers in the seven-county capital
region, with 27,816 full-time and part-time employees. The university paid
out $1.147 billion in salaries and wages to those employees in the 2004-05
fiscal year, ending June 30, 2005, while collecting revenues totaling $2.25
billion -- half of which are estimated to have come from outside the area.
"UC Davis is dedicated to making a tangible difference in the lives of
people every day," said UC Davis Chancellor Larry Vanderhoef.
"This latest financial report shows one way we are indeed doing that
-- through the campus's very significant economic benefit to the state and
to the Sacramento region. We are pleased to make such a contribution and
grateful to the state and others whose investment in UC Davis has helped
spur this kind of positive impact."
UC Davis' more recent estimated economic impact is based on the university's
revenue and expenditure figures for the 2004-05 fiscal year, and economic
multipliers generated by the Sedway Group of San Francisco for a similar
analysis in 2004.
At the time, the consultants examined all spending, employment, student,
alumni, visitor and local tax impacts of the main Davis campus, its
Sacramento medical center and health system for the
2001-02 fiscal year. Sedway's report estimated the direct and indirect
economic effects of campus spending at the local, regional and statewide
Using Sedway's original economic analysis as a guidepost for this year, UC
Davis officials offered the following economic impact
* For every two direct jobs at UC Davis, approximately another job is
created in the state of California. That translates to UC Davis'
27,816 full- and part-time positions generating approximately 15,500 more
jobs across the state.
* The campus budget of $1.97 billion generated about $2.67 billion in
multiplied economic activity in the state for the 2001-02 fiscal year. Using
similar multiplier estimates, the 2004-05 budget of $2.25 billion would have
generated about $3.06 billion in statewide economic activity last year.
In addition to the state support, UC Davis collected nearly $506 million in
research funding in 2004-05, for the first time passing up UC Berkeley at
nearly $491 million. The university also received $79 million in private
support in 2004-05.
The discoveries that result are increasingly being transferred to the public
sector, with 142 U.S. patent applications filed in 2004-05, and 47 U.S.
For the purposes of the economic analysis, the consultants used the Impact
Analysis for Planning model developed by the U.S. Department of Agriculture.
This is the same model that California State University, Sacramento, and UC
Berkeley have used for similar studies of those campuses.
For details on UC Davis' 2004-05 budget and other key financial and academic
data, visit http://facts.ucdavis.edu/.
* Mitchel Benson, UC Davis News Service, (530) 752-9844, firstname.lastname@example.org
Friday, May 05, 2006
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