News Release
SONOMA STATE UNIVERSITY
University Affairs Office
1801 E. Cotati Avenue
Rohnert Park, CA 94928-3609
(707) 664-2057
e-mail: jean.wasp@sonoma.edu
    FOR IMMEDIATE RELEASE
    November 17, 2004      File #
    Contact: Lynn McIntyre, VP for University Affairs, (707) 664-2158

 

Sonoma State University Contributes Significantly to Bay Area Economic Engine

A sweeping, comprehensive study of the impact of Sonoma State University and the other 22 campuses of the California State University dramatically shows how the campus directly or indirectly affects the economic, social, intellectual and cultural life of California.

The study found that Sonoma State University generates $5 for every dollar the state invests in the 8,000-student campus. In 2002/03, the State invested $77 million in Sonoma State University which translates, via the multiplier effect, into $385 million in consumer spending.

The study, called Working for California: The Impact of the California State University, was conducted by ICF Consulting. The full report and brief overview are available online at www.calstate.edu. The report also breaks this impact into its regions (Sonoma State is listed under Bay Area), which shows how the various campuses clustered in a region generate revenue, jobs and graduates for area communities.

“More educated workers mean higher tax revenues, greater productivity, a stronger high-tech workforce, and decreased reliance on government financial support,” said Ruben Armiñana, President of Sonoma State University.
“The study highlights the integral role Sonoma and the other CSU campuses play on the economic future of California.

The positive effect that Sonoma State’s students, staff and faculty have is not confined to the North Bay since people travel, live and work in other adjacent areas. San Francisco, Alameda, Santa Clara, San Mateo, Contra Costa, Marin, Sonoma, Napa, and Solano, Santa Cruz and Lake counties also benefit from the university’s existence.

“This is exactly what a university is intended to do—bring value to the communities it serves,” said Armiñana. “The California State University is the largest system in the country, therefore, the return on investment is significant.”

As a whole, the 23 campuses of the California State University create $13.6 billion annually in economic activity and supports 207,000 California jobs. In addition, some $760 million in taxes is generated for the state’s coffers.

But the CSU does not just spend money; it spends money to educate, thus increasing the economic power of the state and of its citizens by building up a knowledge base.

CSU graduates obtain better jobs because of their degrees. The state benefits because the deep pool of trained and knowledgeable citizens produced by the CSU allows more high-end jobs to be created and performed in the state.

-SSU-

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Last Modified: 11/17/2004