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Cal State San Bernardino generates nearly $1B for local economy

Cal State San Bernardino generates nearly $1B for local economy

A new report shows Cal State San Bernardino as a major contributor to the Inland Empire economy.

Released Nov. 18, the report “Moving California Forward: The Economic Power of the CSU,” shows the college generating nearly $1 billion in industry activity and supporting 9,100 jobs.

The five-year analysis released by the California State University goes on to say the university also contributes $406.5 million in regional wages and $76.7 million in state and local tax revenue, directly reinforcing the economic health of the communities it serves in San Bernardino and Riverside counties.

“CSUSB views itself as an anchor institution here in the Inland Empire,” said university President Tomás D. Morales. “I say this repeatedly, but this report is further evidence that it is true. We are delivering for the communities which we serve. Our stellar faculty, supported by the staff, are behind these results. I could not be prouder.”

For every $1 the state invests in CSUSB, $10.06 in statewide industry activity is generated. Industry activity is the most common impact metric reported, measuring the total economy-wide industry spending generated.

When the earning of alumni — many of whom remain in the region — are included, that impact grows to $50.81, a testament to the lifelong economic value of a CSUSB degree. In total, CSUSB alumni contribute $3.7 billion in enhanced earnings each year, supporting 22,000 jobs and generating $4.7 billion in industry activity across the state.

“This comprehensive report clearly demonstrates that resources entrusted to the CSU should not be considered an expenditure, but rather an investment — and an investment with a powerful and tangible return,” said CSU Chancellor Mildred García. “Importantly, the report measures not only dollars, jobs and industry activity, but also the CSU’s impact on our students’ lives and families, our contributions as a research powerhouse, and the countless benefits our universities deliver to our workforce, to communities across California, and to our nation.”

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