Please ensure Javascript is enabled for purposes of website accessibility
New Report: Fresno State Has Nearly $2 Billion Annual Economic Impact
News
By News
Published 4 years ago on
April 2, 2021

Share

By Fresno State News

Salvador Solorio-Ruiz grew up in Delano, a small Central Valley town where 22% of residents live in poverty, according to the U.S. Census. The son of immigrants, however, was bound for something different when he became the first in his family to graduate from college — Fresno State. He returned to his hometown, started working, and also ran for — and won — a seat on the Delano City Council.

“This report underscores the important connection that Fresno State has with our region.” — Interim university President Saúl Jiménez-Sandoval

“Fresno State not only prepared me for my career as a community engagement coordinator with a nonprofit (California Health Collaborative) but as a city councilmember,” he said.

Solorio-Ruiz is one of the thousands of Fresno State graduates now working and contributing to the Valley economy.

A new report from the California State University system underscores the magnitude of the economic impact of Fresno State. For every dollar that California invests in Fresno State, $7.35 in statewide spending is generated. When alumni economic activity is considered, the $1 investment rises to $32.29 in return. In 2018-19, the state’s investment in Fresno State (operating and average capital appropriations) totaled $190.1 million.

‘Elevates the Quality of Life of Our Region’

In the 2018-19 academic year, Fresno State-related activity supported 11,142 jobs, $438.9 million in labor income and $1.3 billion in industry activity, and contributed $81.2 million in state and local tax revenue, according to the report, “The Impact of the California State University.”

“This report underscores the important connection that Fresno State has with our region,” said interim university President Saúl Jiménez-Sandoval. “We are pleased to be a major contributor to the economic well-being of the Valley, as we have been for over a century.

“If we look beyond the economic aspect, our university is a regional research hub, a major source of volunteers in community service, and the principal preparer of teachers, agribusiness people, business leaders, health care workers, engineers, and other skilled workers in the Valley,” Jiménez-Sandoval said.

“A Fresno State education improves the trajectory of the lives of students and their families, and elevates the quality of life of our region.”

Looking at the 23-campus CSU system, $6.97 of positive economic activity is generated for every dollar invested; $23.26 when alumni are considered.

Ag is Big Business

The report includes the contributions of agriculture on CSU campuses, and spotlights Fresno State’s Water, Energy and Technology Center, which typifies the way that CSU research fosters innovation and drives economic impact through close collaboration with private industry partners.

It also highlights the California Agricultural Technology Institute, the Institute for Food and Agriculture, and the International Center for Irrigation and Technology, all located at Fresno State.

The report breaks out the joint impacts of the three Valley CSU campuses — Fresno State, California State University, Bakersfield, and California State University, Stanislaus — in the 13-county region. Together in 2019, the three campuses spent $1.6 billion on operations, capital, auxiliary, and student spending, and supported more than 20,500 local jobs, contributed $762 million in labor income and $2.2 billion in regional industry activity, and generated $141 million in state and local tax revenue.

The full report is available on the CSU website.

RELATED TOPICS:

DON'T MISS

Pope Francis in Critical Condition After Long Respiratory Crisis

DON'T MISS

Musk Gives All Federal Workers 48 Hours to Explain What They Did Last Week

DON'T MISS

Fresno State Suspends 2 Players, Removes Another Amid Gambling Investigation

DON'T MISS

Israel Delays Release of Palestinian Prisoners, Citing ‘Degrading’ Hostage Handovers

DON'T MISS

Officer Killed After Gunman Took Hostages at Pennsylvania Hospital

DON'T MISS

Kash Patel Plans to Move Up to 1,500 Workers Out of Washington

DON'T MISS

Fired Employees Fear Beloved Yosemite National Park Will Lose Its Luster

DON'T MISS

US and Ukraine Nearing Rare Earths Deal That Would Tighten Relationship

DON'T MISS

Trump Fires Chairman of the Joint Chiefs of Staff and Two Other Military Officers

DON'T MISS

Less Is More: 5 Ingredient Dinners Are Easier Than You Think

UP NEXT

Misty Her Calls for ‘Huge Mindset Shift’ at Fresno Unified as She Campaigns for Top Job

UP NEXT

Voletta Wallace, Notorious B.I.G.’s Mother and Keeper of His Legacy, Dies at 78

UP NEXT

Fed Judge Dismisses State Center Profs’ DEI Lawsuit

UP NEXT

Bullard Teacher Arrested for Inappropriate Behavior With a Minor, Principal Says

UP NEXT

Nearly 1 in 10 U.S. Adults Identifies as LGBTQ+, Survey Finds

UP NEXT

Arctic Blast Causes Massive Pileups, Power Outages Across East Coast

UP NEXT

Struggling Forever 21 Plans to Close 200 Stores in Possible 2nd Bankruptcy

UP NEXT

2 People Are Dead in a Small Plane Collision at a Southern Arizona Airport

UP NEXT

Fresno State Responds to Trump’s Title IX Changes, Says It Will Protect Students, Employees

UP NEXT

Delayed FUSD Program Review, Changing Union Stance Discussed on Unfiltered

Israel Delays Release of Palestinian Prisoners, Citing ‘Degrading’ Hostage Handovers

6 hours ago

Officer Killed After Gunman Took Hostages at Pennsylvania Hospital

6 hours ago

Kash Patel Plans to Move Up to 1,500 Workers Out of Washington

12 hours ago

Fired Employees Fear Beloved Yosemite National Park Will Lose Its Luster

12 hours ago

US and Ukraine Nearing Rare Earths Deal That Would Tighten Relationship

12 hours ago

Trump Fires Chairman of the Joint Chiefs of Staff and Two Other Military Officers

12 hours ago

Less Is More: 5 Ingredient Dinners Are Easier Than You Think

12 hours ago

Trump-Putin Summit Preparations Are Underway, Russia Says

12 hours ago

Warren Buffett Offers Trump Some Advice While Celebrating Berkshire’s Success

12 hours ago

Hungarians Will Decide Whether Ukraine Can Join the European Union, Orbán Says

13 hours ago

Pope Francis in Critical Condition After Long Respiratory Crisis

ROME — Pope Francis was in critical condition Saturday after he suffered a prolonged asthmatic respiratory crisis while being treated for pn...

5 hours ago

5 hours ago

Pope Francis in Critical Condition After Long Respiratory Crisis

5 hours ago

Musk Gives All Federal Workers 48 Hours to Explain What They Did Last Week

6 hours ago

Fresno State Suspends 2 Players, Removes Another Amid Gambling Investigation

6 hours ago

Israel Delays Release of Palestinian Prisoners, Citing ‘Degrading’ Hostage Handovers

6 hours ago

Officer Killed After Gunman Took Hostages at Pennsylvania Hospital

12 hours ago

Kash Patel Plans to Move Up to 1,500 Workers Out of Washington

12 hours ago

Fired Employees Fear Beloved Yosemite National Park Will Lose Its Luster

12 hours ago

US and Ukraine Nearing Rare Earths Deal That Would Tighten Relationship

Help continue the work that gets you the news that matters most.

Search

Send this to a friend