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

With or Without Lockridge, Can Bulldogs Get Out of Their Own Way to Become Bowl Eligible?

DON'T MISS

Classes for Cannabis? UC Merced Extension Launching Weed Workforce Training

DON'T MISS

This Kitty Seeks a Quiet Home to Call Her Own

DON'T MISS

‘Woke’ Terminology Not Commonly Used by Americans: YouGov Survey

DON'T MISS

FBI Arrested a Man Who’s Been Charged With Planning an Attack on the New York Stock Exchange

DON'T MISS

Shoppers Flock to Clovis for Vallarta’s Grand Opening

DON'T MISS

Thousands of University of California Workers Go on 2-Day Strike Over Wages, Staff Shortages

DON'T MISS

Madera County Shooting Strikes K-9, Investigation Ongoing

DON'T MISS

Republicans on House Ethics Reject for Now Releasing Report on Matt Gaetz

DON'T MISS

Demography Drives Destiny and Right Now California Is Losing

UP NEXT

Who Are Fresno State’s ‘Heroes’ in Health and Human Services Services?

UP NEXT

Reedley College Celebrates Opening of Gleaming New Performing Arts Center

UP NEXT

Volunteers Came Back to Nonprofits in 2023, After the Pandemic Tanked Participation

UP NEXT

New Study: Proposed Trump Tariffs Could Cost US Consumers $78 Billion a Year

UP NEXT

Riders Stuck in Midair for Over 2 Hours on Knott’s Berry Farm Ride

UP NEXT

Measures A and Q Still Winning. Clovis Unified Trustee Candidate Extends Lead.

UP NEXT

Shouting Racial Slurs, Neo-Nazi Marchers Shock Ohio’s Capital

UP NEXT

More Logging Is Proposed to Help Curb Wildfires in the US Pacific Northwest

UP NEXT

Did Merced City Schools Board Stifle Free Speech? Legal Group Seeks Changes

UP NEXT

Clovis Measure A Gets Breathing Room. Lead Widens in Clovis Trustee Race. Measure Q Tops 55% for First Time.

‘Woke’ Terminology Not Commonly Used by Americans: YouGov Survey

3 hours ago

FBI Arrested a Man Who’s Been Charged With Planning an Attack on the New York Stock Exchange

14 hours ago

Shoppers Flock to Clovis for Vallarta’s Grand Opening

14 hours ago

Thousands of University of California Workers Go on 2-Day Strike Over Wages, Staff Shortages

14 hours ago

Madera County Shooting Strikes K-9, Investigation Ongoing

15 hours ago

Republicans on House Ethics Reject for Now Releasing Report on Matt Gaetz

15 hours ago

Demography Drives Destiny and Right Now California Is Losing

15 hours ago

Hate Your Instagram Feed? New Reset Feature Enhances User Control

16 hours ago

Senate to Vote on Sanders’ Resolution to Block Arms Sales to Israel

16 hours ago

Defining Deviancy Down. And Down. And Down.

17 hours ago

With or Without Lockridge, Can Bulldogs Get Out of Their Own Way to Become Bowl Eligible?

Steven Sanchez Sports The team that gave Fresno State the most problems this season wasn’t Michigan, Hawai’i, UNLV, or even Air...

3 hours ago

3 hours ago

With or Without Lockridge, Can Bulldogs Get Out of Their Own Way to Become Bowl Eligible?

3 hours ago

Classes for Cannabis? UC Merced Extension Launching Weed Workforce Training

3 hours ago

This Kitty Seeks a Quiet Home to Call Her Own

3 hours ago

‘Woke’ Terminology Not Commonly Used by Americans: YouGov Survey

14 hours ago

FBI Arrested a Man Who’s Been Charged With Planning an Attack on the New York Stock Exchange

Vallarta Supermarkets in Clovis. November 20, 2024. (GV Wire/Jahz Tello)
14 hours ago

Shoppers Flock to Clovis for Vallarta’s Grand Opening

14 hours ago

Thousands of University of California Workers Go on 2-Day Strike Over Wages, Staff Shortages

A suspect and a Madera County Sheriff’s K-9 were injured in an officer-involved shooting during a hit-and-run investigation in Oakhurst. (GV Wire File)
15 hours ago

Madera County Shooting Strikes K-9, Investigation Ongoing

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

Search

Send this to a friend