1. The Economic Impact of Utah Valley State College, 1999-2000.
- Author
-
Utah Valley State Coll., Orem., Brown, Andrea, and Hoyt, Jeff E.
- Abstract
This report estimates the economic impact of Utah Valley State College (UVSC) on Utah County, Utah, in the 1999-2000 school year, 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 $153 million of the economy in Utah County during fiscal year 1999-2000 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 884 full-time and 1,485 part-time working adults (non-students), and employment for 796 students. Estimates indicate that the state obtains a high return on its investment in UVSC; for every dollar invested by the state in 1999-2000, there was a total return of $4.04 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, another contains the study survey data, and the last lists a single reference. (SLD)
- Published
- 2000