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

Israel Says It Carried out Ground Raid Into Syria, Seizing a Syrian Citizen

DON'T MISS

At 91, Willie Nelson Has a New Album Out and a Cannabis Cookbook Coming

DON'T MISS

Fresno State Bulldogs Stumble in Fourth Quarter, Suffer Narrow Loss to Hawai’i

DON'T MISS

From Blue Cheese to Bacon: Peanut Butter Pairings That Will Shock You

DON'T MISS

Challengers Seek Seats on Tulare County Irrigation District Boards

DON'T MISS

Shy Pup Finds Hope with Foster Family, Evasion from Euthanasia

DON'T MISS

Does Dill Have Magical Powers? What People Once Believed Food Could Do

DON'T MISS

Let’s Keep Innovative Partnerships Crucial to Combating Climate Change: Fresno Dairy Manager

DON'T MISS

Immediate Threat: Mussel Invades California’s Delta, First Time in North America

DON'T MISS

Two-Time Cy Young Winner Blake Snell Opts Out of Contract with Giants

UP NEXT

Fresno County Man Indicted for Possessing Stolen Guns

UP NEXT

Fresno Unified Schedules Community ‘Listening Sessions’ with Trustees

UP NEXT

Where Does Fresno Mayor Jerry Dyer Stand on School Bonds?

UP NEXT

On Elon Musk’s X, Dems Are an Endangered Species While GOP Goes Viral

UP NEXT

College Application Deadlines Are Near. What You Need to Know.

UP NEXT

LGBTQ2+ Ally Honors Daughter with Planned Gift to Support Fresno State Students 

UP NEXT

New Vehicles, Face Paint and a 1,200-Foot Fall: The US Army Prepares for War With China

UP NEXT

CNN Bars Pro-Trump Guest After His ‘Beeper’ Remark to Mehdi Hasan

UP NEXT

LGBTQ Supporters Drown Out Westboro Baptists’ Anti-Gay Message in Fresno

UP NEXT

How Much Has Fresno Unified Gotten in State Matching Funds for Facilities Projects?

From Blue Cheese to Bacon: Peanut Butter Pairings That Will Shock You

2 days ago

Challengers Seek Seats on Tulare County Irrigation District Boards

2 days ago

Shy Pup Finds Hope with Foster Family, Evasion from Euthanasia

2 days ago

Does Dill Have Magical Powers? What People Once Believed Food Could Do

2 days ago

Let’s Keep Innovative Partnerships Crucial to Combating Climate Change: Fresno Dairy Manager

2 days ago

Immediate Threat: Mussel Invades California’s Delta, First Time in North America

2 days ago

Two-Time Cy Young Winner Blake Snell Opts Out of Contract with Giants

2 days ago

No Matter the Outcome, We Are the True Losers of This Election

2 days ago

Russia’s Swift March Forward in Ukraine’s East

2 days ago

Rapper Young Thug Is a Free Man. Here Are Things to Know About His Plea.

2 days ago

Israel Says It Carried out Ground Raid Into Syria, Seizing a Syrian Citizen

JERUSALEM — The Israeli military said Sunday it carried out a ground raid into Syria, seizing a Syrian citizen involved in Iranian networks....

14 hours ago

14 hours ago

Israel Says It Carried out Ground Raid Into Syria, Seizing a Syrian Citizen

20 hours ago

At 91, Willie Nelson Has a New Album Out and a Cannabis Cookbook Coming

1 day ago

Fresno State Bulldogs Stumble in Fourth Quarter, Suffer Narrow Loss to Hawai’i

2 days ago

From Blue Cheese to Bacon: Peanut Butter Pairings That Will Shock You

2 days ago

Challengers Seek Seats on Tulare County Irrigation District Boards

2 days ago

Shy Pup Finds Hope with Foster Family, Evasion from Euthanasia

2 days ago

Does Dill Have Magical Powers? What People Once Believed Food Could Do

2 days ago

Let’s Keep Innovative Partnerships Crucial to Combating Climate Change: Fresno Dairy Manager

Search

Send this to a friend