University of California, Riverside

UCR Newsroom



Campus Makes Big Economic Impact


UC Riverside Makes Economic Waves Totaling $953 Million

CB Richard Ellis Consulting calculates that UCR produces $5.50 in value to the Inland Empire for every $1 invested from the region

(June 26, 2006)

RIVERSIDE, Calif. (www.ucr.edu) — The first independent analysis of the University of California, Riverside’s economic impact shows that UCR spent $5.50 in Riverside and San Bernardino counties for every dollar received from the same area.

All together, CB Richard Ellis Consulting estimated that UCR had a $953 million economic impact in the state of California during the 2004-05 academic year. The firm arrived at that number by using industry-standard multipliers to show how direct campus spending ripples through the economy, as the institution buys goods and services, pays salaries to employees and constructs new buildings, prompting the need for more production elsewhere.

“I am not surprised to see that the university is a very robust and efficient economic engine for the region,” said Chancellor France A. Córdova. “As we continue to expand our own workforce and student enrollment — and with new initiatives such as the proposed School of Medicine and the newly launched Palm Desert center — we expect that UCR will further broaden its impacts and contributions.”

The nine-month study showed that while most of UCR’s revenue comes from outside the region, the majority of spending is concentrated in the fast-growing Inland Empire.

In 2004-05, the campus spent $380.7 million on salaries and wages, goods and services, and construction, of which $256.6 was spent in the Inland Empire. Since just $46.7 million of the University’s revenue came from local sources that means the campus made a net contribution of $209.9 million to the local economy. In other words, UCR spent $5.50 in the Inland region for every dollar in revenue received from the same geographical area.

In all, UC Riverside’s total spending impact in California was $638.0 million in the 2004-05 fiscal year. In addition, spending by UCR’s students and retirees and by visitors to the campus had an economic impact of $315 million. The campus also generated 8,031 full-time equivalent jobs statewide.

“This total impact of $953 million includes the direct spending of the campus, as well as the indirect and induced impacts of that spending,” said Kathy Barton, UCR’s director of technology collaboration. “In other words, every dollar spent by the campus itself — and by students, faculty, staff, and retired employees — has ripple effects in the local economy and beyond.”
The full report, which is available online at www.impact.ucr.edu, summarizes UCR’s various impacts:

• The highly skilled graduates of UCR’s colleges and schools are perhaps UC Riverside’s most significant contribution to the Inland Empire and California economies. Of the 57,740 total alumni of UC Riverside, 46,146, or about 80 percent, lived in the State of California in 2005.
• Of these alumni, nearly 18,000, or about 31 percent, lived in the Inland Empire.
• Each year, UCR graduates add to the pool of skilled labor in the region and throughout the state. In the 2004-05 fiscal year, UC Riverside conferred 3,632 degrees, including 3,080 bachelor’s, 393 master’s, and 159 doctoral degrees.
• UCR is an important economic engine for the fast-growing Inland Empire, made up of 3.8 million people. The area has about 1.2 million jobs and accounted for more than 50 percent of all job growth in the Southern California region from 2000-2005.

“In addition to the hard numbers, the analysis documents the workforce contributions of UCR — a contribution that is the heart of any research university,” Barton said. “The creation of new knowledge both through the education of our graduates and through research benefits the local, regional, and statewide economies by providing highly skilled workers and discoveries that can be applied to new products and services.”

As a distinctive group within CB Richard Ellis Group, Inc., the world's largest full-service real estate company, CBRE Consulting provides a wide range of real estate and urban economic consulting services to corporate, institutional and public sector clients throughout the United States, Europe, and Asia Pacific regions. Founded in 1906, CB Richard Ellis has a Web site at www.cbre.com.

The University of California, Riverside (www.ucr.edu) is a doctoral research university, a living laboratory for groundbreaking exploration of issues critical to Inland Southern California, the state and communities around the world. Reflecting California's diverse culture, UCR's enrollment has exceeded 21,000 students. The campus opened a medical school in 2013 and has reached the heart of the Coachella Valley by way of the UCR Palm Desert Center. The campus has an annual statewide economic impact of more than $1 billion.

A broadcast studio with fiber cable to the AT&T Hollywood hub is available for live or taped interviews. UCR also has ISDN for radio interviews. To learn more, call (951) UCR-NEWS.

More Information 

General Campus Information

University of California, Riverside
900 University Ave.
Riverside, CA 92521
Tel: (951) 827-1012

Department Information

Media Relations
900 University Avenue
1156 Hinderaker Hall
Riverside, CA 92521

Tel: (951) 827-6397 (951) UCR-NEWS
Fax: (951) 827-5008

Related Links

Footer