CSUSM Contributes Millions Annually to Regional and State Economy
FOR IMMEDIATE RELEASE
Media Contact: Margaret Lutz | firstname.lastname@example.org
According to a new report released May 10 by the California State University (CSU) Chancellor's Office, California State University San Marcos' (CSUSM) annual impact to the regional economy is $228.6 million while its impact on the state economy is $327.5 million annually.
The system-wide report, Working for California: The Impact of the California State University System, underscores that the dynamic, knowledge-based economy that California enjoys can be directly tied to the investment in world-class public higher education.
CSUSM's economic impact sustains nearly 2,300 jobs in the region and nearly 2,800 jobs statewide, generating more than $14 million in local and nearly $22 million in state tax revenue.
Return on investment
According to the report, CSU-related expenditures create a return on investment of $5.43 for every $1 the state invests.
Among the most significant factors in the report is the impact CSUSM's alumni have statewide. Nearly $323.5 million of the earnings by alumni from Cal State San Marcos are attributable to their CSU degrees, which creates an additional $738 million of industry activity throughout the state.
Of CSUSM's more than 20,000 alumni, approximately 85 percent live in the region.
More graduates ready to contribute to the economy
This Saturday, 2,097 undergraduate, graduate and teacher credential candidates are eligible to participate in commencement ceremonies bringing the number of CSUSM's alumni to over 23,000 in just twenty years.
About California State University San Marcos
California State University San Marcos combines the ambiance of a mid-sized, personal, modern campus with the unequaled value of the California State University. Since its founding in 1989, the campus has distinguished itself. Students benefit from the latest facilities and equipment, a superb faculty that enjoys teaching, and a rigorous academic program that prepares students for a successful life in and out of the workplace. A recent survey reported that our annual spending in the region was $161 million, generating a total impact of $307 million on the regional economy. 85 percent of CSUSM's alumni stay in the region. CSU San Marcos is located on a 304-acre hillside overlooking the city of San Marcos. It is 15 miles east of the ocean; just 30 miles north of downtown San Diego.