Name: 5 inventions a day. 529,000 jobs. Incomes average $151,656. UC's brag sheet is eye-popping
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5 inventions a day. 529,000 jobs. Incomes average $151,656. UC's brag sheet is eye-popping

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Copyright © 2022, Los Angeles Times | | | | Advertisement Every college has its brag sheet. But the University of California has taken it to a whole new level with a 123-page report of exhaustive detail on jobs created, research performed, start-up businesses launched, tax dollars generated and students served. The may not have the most lyrical title: The University of California Systemwide Economic, Fiscal and Social Impact Analysis. The data are mind-numbing: What does it really mean to say that “UC-related spending delivers substantial economic and fiscal impacts annually to the state, generating $82.1 billion in economic output, $55.8 billion in value added (2% of GSP), $37.6 billion in labor income, and $4.2 billion in state and local tax revenue”?But the report by Beacon Economics — released in the middle of college admissions season and state budget negotiations — contains some noteworthy facts:“UC’s economic ripple effect is so large that it touches every region in the state, including those without a campus or medical center,” UC President Michael V. Drake said in a statement. “Beyond economic impact, the University’s contributions in health, innovation and social equity are even more important to the lives of Californians.”Board of Regents Chair John A. Pérez called UC’s impact “truly transformative and far-reaching” in powering the state economy and increasing equity and opportunity across social and ethnic groups. Get Group Therapy Life is stressful. Our weekly mental wellness newsletter can help. You may occasionally receive promotional content from the Los Angeles Times. Advertisement AdvertisementAdvertisementAdvertisementAdvertisementAdvertisementAdvertisementAdvertisement AdvertisementAdvertisement

Copyright © 2022, Los Angeles Times | | | | Advertisement Every college has its brag sheet. But the University of California has taken it to a whole new level with a 123-page report of exhaustive detail on jobs created, research performed, start-up businesses launched, tax dollars generated and students served. The may not have the most lyrical title: The University of California Systemwide Economic, Fiscal and Social Impact Analysis. The data are mind-numbing: What does it really mean to say that “UC-related spending delivers substantial economic and fiscal impacts annually to the state,...

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I cover higher education for the @latimes. Previously on K-12 ed/immigration/religion/Japan/Asia biz. teresa.watanabe@latimes.com

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5 inventions a day. 529,000 jobs. Incomes average $151,656. UC's brag sheet is eye-popping

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