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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. ....
The University is an essential economic engine for the state, supporting over half a million jobs and contributing to the economy in every region. ....