Economic Impact Study
创造一个强者 & Inclusive Illinois Economy
Chicago State University contributes $1.6 billion to the Illinois economy annually,
supporting 17,525 jobs. As our alumni and employer partners know, CSU is a driving
force in Illinois’ economy, educating diverse talent who are leading in the fields
of education, business, health sciences, science and technology, the arts, and more.
我们的 students’ lives are changed with an education from Chicago State University. 我们的
bachelor degree graduates each earn additional $843,000 over the course of their professional careers. 这意味着 5美元的回报.00 in increased future earnings for every $1 a student invests in their education at CSU.
A new report, conducted by labor market analytics firm Emsi, indicated that our Cougar
graduates are not only influencers in their respective industries; they are also a
driving force in the Illinois economy.
支出的影响
Operations Spending
- CSU employed 672 full-time and part-time faculty and staff (excluding research employees).
Payroll amounted to $73.4 million (excluding payroll from research employees), much
of which was spent in the state for groceries, mortgage and rent payments, dining
out, and other household expenses. 的 university spent another $19.800万年 on day-to-day
expenses related to facilities, supplies, and professional services (excluding research
支出).
- 的 net impact of the university’s operations spending added $85.2 million in income to the state economy in 财政年度(FY) 2018-19.
研究 支出的影响
- 研究 activities at CSU impacted the state economy by employing people and making
purchases for equipment, supplies, and services. In FY 2018-19, CSU spent $3.100万年
工资和7美元.800万年 on other expenses to support research activities.
- CSU’s research spending 生成的14美元.500万年 in added income for the Illinois economy 在2018-19财年
Student 支出的影响
- Around 8% of students who attended CSU originated from outside the state. 一些
these students relocated to Illinois. In addition, some in-state 学生们会 have left Illinois for other educational opportunities if not for CSU.
- 的 spending from students outside of Illinois generated $6.7 million in added income for the state economy.
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投资的影响
Student Perspecitve
- CSU’s FY 2018-19 students paid a present value of $23 million to cover the cost of
tuition, fees, supplies, and interest on student loans. 的y also forwent $34.800万年
in money that they would have earned had they been working instead of attending college.
- In return for their investment, students received $28800万年 in increased earnings over their working lives. This translates to 5美元的回报.00 in higher future earnings for every dollar
students invest in their education. Students’ average annual rate of return is 24.3%.
Taxpayer Perspective
- CSU generates more tax revenue than it takes. Taxpayers provided CSU with $40.2 million of funding 在2018-19财年. 作为回报,他们
benefited from added tax revenue, stemming from students’ higher lifetime earnings
and increased business output, amounting to $103.500万年. A reduced demand for government-funded
services in Illinois adds another $15.800万年 in benefits to taxpayers.
- For every dollar of public money invested in CSU, taxpayers receive $3.回报00英镑, over the course of students’ working lives. 的 average annual rate of return for
纳税人11岁.9%.
Social Perspective
- For every dollar invested in CSU 在2018-19财年, people in Illinois will receive $7.10
作为回报, for as long as CSU’s FY 2018-19 students remain active in the state workforce.
的 results of this study demonstrate that CSU created value from multiple perspectives.
- 业务: 的 university benefits state businesses by increasing consumer spending in the state
and supplying a steady flow of qualified, trained workers to the workforce.
- 学生: CSU enriches the lives of students by raising their lifetime earnings and helping
them achieve their individual potential.
- 纳税人: 的 university benefits state and local taxpayers through increased tax receipts
and a reduced demand for government-supported social services.
- 全州范围内: CSU benefits society as a whole in Illinois by creating a more prosperous economy
and generating a variety of savings through the improved lifestyles of students.
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Thoughts From 我们的 业务 and Public Leaders
文档 |
描述 |
简报 |
Regarding economic value of CSU |
执行概要 |
CSU's economic impact on the State of Illinois |