University of California, Riverside

UCR Newsroom



UC Riverside�s Economic Impact Tops $1 Billion


UC Riverside's Economic Impact Tops $1 Billion

Analysis shows the university spent nearly $6.50 in the Inland Empire for every $1 received from the region.

(June 25, 2008)

Combined economic impact 2006-07Enlarge

Combined economic impact 2006-07

RIVERSIDE, Calif. - The University of California, Riverside had a $1.1 billion economic impact in the state of California during the 2006-07 academic year, statistical modeling estimates show. This represents a 22.1 percent increase over the 2005-06 overall impact of $920 million.

UCR spent nearly $6.50 in Riverside and San Bernardino counties for every dollar received from the Inland area, according to a recent analysis of the university's economic impact.

This figure is calculated 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.

"UC Riverside continues to make a significant economic impact on the state of California and the Inland Empire in particular," said Robert Grey, acting chancellor. "That impact will grow with the addition of the medical school, expanding enrollment and construction of new research facilities. UCR's impact is felt in the workforce as well, with highly skilled graduates assuming leadership roles in government, education, business, and research that leads to discoveries with commercial applications and that benefit the greater good."

While most of UCR's revenue comes from outside the region, the majority of spending is concentrated in the Inland Empire.

In 2006-07, the campus spent $582.3 million on salaries and wages, goods and services, and construction, of which $332.2 million was spent in the Inland Empire. Since just $51.7 million of the university's revenue came from local sources, that means the campus made a net contribution of $280.5 million to the local economy. In other words, UCR spent almost $6.50 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 $824.6 million in the 2006-07 fiscal year. In addition, spending by UCR's students and retirees and by visitors to the campus had an economic impact of $298.6 million. This combined spending impact also generated more than 13,000 full-time equivalent jobs statewide.

In 2004-05, UCR spent $5.50 in the Inland Empire for every dollar in revenue received from the area. The increase from $5.50 in 2004-05 to $6.50 in 2006-07 was due largely to increases in construction spending ($115 million in the Inland Empire alone in 2006-07, up from $52 million in 2004-05), and salaries and wages ($195 million in 2006-07 in the Inland Empire, up from $186 million in 2004-05).

This total impact of $1.1 billion includes the direct spending of the campus plus the indirect and induced impacts of that spending, said Katie McCafferty, administrative analyst.

"UC Riverside purchases goods and services from Inland Empire businesses, and its students, employees and retirees spend millions of dollars locally every year," McCafferty said. "Every dollar spent has a ripple effect in the economy, locally, regionally and statewide."

Other key highlights of the impact update include:

- Graduates of UCR's colleges and schools are perhaps UC Riverside's most significant contribution to the Inland Empire and California economies. Of the 60,669 alumni of UC Riverside, 47,498, or about 78 percent, lived in California. Of these alumni, nearly 18,000, or about 38 percent, lived in the Inland Empire.

- UCR graduates add to the pool of skilled labor in the region and throughout the state every year. In the 2006-07 fiscal year, UC Riverside conferred 3,892 degrees, including 3,337 bachelor's, 378 master's and 177 doctoral degrees.

- The state of California provided $165 million to UCR in 2006-07. For every dollar the state invested in UCR, the campus returned $6.80 to the California economy.

Read more about UCR's economic impact on the Inland Empire and California at www.impact.ucr.edu.
Jobs created 2006-07Enlarge

Jobs created 2006-07

Personal income 2006-07Enlarge

Personal income 2006-07

Residency 2006-07Enlarge

Residency 2006-07

Top employersEnlarge

Top employers

RELATED LINKS

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