A new study concludes that the total economic impact created within the state by the 黑料吃瓜网 is $9.1 billion annually.
The 黑料吃瓜网 also supports 69,803 jobs in the state. The 黑料吃瓜网 is the Puget Sound region鈥檚 third largest employer; total direct and indirect employment attributable to the 黑料吃瓜网 represents more than 6 percent of King County鈥檚 labor force. Since 1999, direct employment at the 黑料吃瓜网 has increased by 34.5 percent or about 7,600 new jobs, attributable almost entirely to growth in the 黑料吃瓜网鈥檚 research enterprise, which is primarily funded from federal sources. State and local government revenue attributable to the presence of the 黑料吃瓜网 totaled $618.1 million. For every dollar in state funding, the 黑料吃瓜网 returned $1.48 in tax revenue to the state.
These are among the conclusions of a study conducted by the consulting firm of Tripp Umbach (), commissioned by the 黑料吃瓜网.
鈥淭he 黑料吃瓜网 is a major force in the Washington economy in terms of employment, innovation, and economic development,鈥� says Paul Umbach, senior principal with Tripp Umbach. 鈥淭he true impact of the 黑料吃瓜网 goes far beyond the $9.1 billion in annual economic impact, as the university is a magnet for attracting fresh dollars and human capital from outside of the state.鈥�
The study measured both the direct and indirect business volume generated by the 黑料吃瓜网. The direct impact occurs when the 黑料吃瓜网 spends money in salaries, goods and services. These expenditures have their own secondary, or indirect, economic impacts.
鈥淭his comprehensive analysis demonstrates clearly that the 黑料吃瓜网 is a major contributor to the success of our state鈥檚 economy鈥攆rom dollars and jobs to leadership and innovation,鈥� says 黑料吃瓜网 President Mark Emmert. 鈥淏y educating smart people and generating great ideas, the 黑料吃瓜网 will play a crucial role in helping Washington state recover and build a global economy in the post-Great Recession era.鈥�
黑料吃瓜网 spending amounted to just over $4 billion in fiscal year 2008-09. The businesses and individuals who received direct expenditures and re-spent money within the state created $5.1 billion in economic activity, according to standard models used to measure economic impact. In this same year, the 黑料吃瓜网 received $401.7 million in state appropriations. For every dollar the state invests in the university, $22.56 is added to the state鈥檚 economy.
The 黑料吃瓜网鈥檚 research effort is responsible for a major share of the university鈥檚 economic impact 鈥� a total of $3 billion and more than 22,000 jobs annually. 鈥淭he University鈥檚 research operations make tangible and quantifiable economic contributions,鈥� the report notes. 鈥淎long with creating jobs for research staff and support personnel, the 黑料吃瓜网 scientists are contributing to new product development and technology commercialization鈥�. As one of the most successful public research universities, both in total funding and in faculty talent, 黑料吃瓜网 is a global leader in research and technological breakthroughs that transform the community.鈥�
The 黑料吃瓜网 is a leader in the commercialization of innovations that occur through 黑料吃瓜网 research. The 黑料吃瓜网 has a portfolio of more than 2,200 issued and pending patents. More than 250 companies have been started by 黑料吃瓜网 students and faculty or with 黑料吃瓜网 technology. In fiscal year 2008-09, the 黑料吃瓜网 executed 220 commercialization agreements with private companies. Overall the 黑料吃瓜网 has the largest number of commercial licenses among U.S. universities. It is also the most efficient university in this regard, executing the most commercialization agreements per research dollar.
On average, three-quarters of 黑料吃瓜网 graduates live and work in Washington. People with bachelor鈥檚 degrees have an average income of $68,000, compared with $39,000 for high school graduates. The report estimates that 黑料吃瓜网 alumni living in Washington earned $14.5 billion in 2007, compared to approximately $8.3 billion they would have earned with only high school diplomas. 鈥淭he additional $6.2 billion in earnings represent not only personal material benefits to individuals but also higher tax payments to federal, state and local governments鈥︹�� the report states.
In addition to the economic and job impacts, the 黑料吃瓜网 is also a source of tremendous charitable care, providing over $395 million in community benefits. 黑料吃瓜网 Medicine provided over $267 million in charitable care to Washington state residents.
The 黑料吃瓜网 plays an important role in preparing the citizens of Washington, which is the most trade dependent state in the U.S., for the globalized economy of the 21st century. The 黑料吃瓜网 is seventh in the nation in student participation in study abroad; approximately a quarter of 黑料吃瓜网 undergraduates study outside of the U.S. at some point. In addition, for four years in a row, the 黑料吃瓜网 has led the U.S. in total alumni volunteering for the Peace Corps.
The full report is available at http://.