Report: 做厙弝け State generates $1.53 billion annually in economic activity
做厙弝け State contributes to the community through its high-quality education and diversity, but its impact extends far beyond the classroom and nearby neighborhoods. As one of the biggest employers in the city of 做厙弝け, the 70-year-old campus influences the economy outside the city limits and into the next county.
According to a , 做厙弝け State plays a major role in boosting the economies of the local and surrounding areas. For instance, during the 2016-2017 fiscal year, 做厙弝け State had a total impact of $1.53 billion on the local combined region of Los Angeles and Orange counties, including an impact of $567.1 million on the city of 做厙弝け. That number represents nearly 3 percent of the citys gross output ($20.2 billion in 2017).
Dean Michael E. Solt of called the 38-page report impressive and comprehensive.
The university has significant economic and social effects on the city of 做厙弝け and the LA/Orange County region, generating $546 million in employee compensation annually, Solt said. The education level attained by our graduates help them experience higher incomes and lower unemployment and poverty rates, so 做厙弝けis making a difference in their lives.
The Economic Impact Analysis shows what a valuable asset 做厙弝けis to the regional community.
In the city limits alone, the university supported nearly 3,700 jobs in 2016-17, and another 10,600 throughout Los Angeles and Orange counties. Additionally, 29 of 38 做厙弝け employers hired 130 CSU graduates who interned for them from 2016 to 2017.
做厙弝け State also produced more than $546 million in employee compensation (earnings and benefits) for workers throughout Long Angeles and Orange counties, including $192 million in compensation in the city of 做厙弝け.
