A few hours after the First Redaing of The Appropriation (2023-2024) Bill, Maurice Stratégie have published its Economic and Social Impact Analysis of Budget 2023/24 where the estimates of the main economic indicators used in policy analysis and decision making, including Gross Domestic Product (GDP), tax revenue and employment, and provide, at an aggregated level,…
Solar panels at UC Merced s Science and Engineering building.
The University of California is a major contributor to the state’s prosperity, generating $82 billion in economic activity per year and supporting more than half a million jobs, according to an independent economic analysis released this week.
Beacon Economics evaluated UC’s fiscal impacts on California and found that university activities in education, health care, research and public service create economic benefits in every corner of the state. Among the key findings:
UC-related spending and activities support more than 529,000 jobs 2 percent of total California jobs, or 1 in 45 jobs in the state.