Economic Impact
A Report on CSUS's impact on CT's education and economyThe university system - which includes Central in New Britain, Eastern in Willimantic, Southern in New Haven, and Western in Danbury - is a major resource for the State, linking economic growth, the education of its citizenry, and the application of service and scholarship.
Key Statistics
Economic benefit of CSUS is about $1.84 Billion
When the total economic impact is compared to the FY 2008 State Appropriation for Operating Purposes, which was $239,052,111, the Connecticut State University System generates $8 of economic activity in Connecticut for every $1 of state general fund appropriation.
Generating Activity
Personal spending by employees and students, and direct CSUS spending for operations and prorated new capital expenditures, resulted in an estimated economic benefit of $1.84 billion on Connecticut during the 2008 fiscal year.
More Statistics
Benefits Statewide
CSUS generates $8 of economic activity in CT for every $1 of state general fund appropriation
Economic Competitiveness
CSUS contributes to Connecticut's economic competitiveness by cultivating a well-educated, knowledgeable and skilled workforce that benefits employers in both the public and private sectors. CSUS also has a positive impact on the economies of the state. regions and communities in which the universities reside through expenditures in payroll and purchase of goods and services from local businesses.
Civic Benefits
There are social benefits realized through the education opportunities, business development and public services provided by CSUS. The universities serve as gathering places for cultural events and visitors from Connecticut and beyond.
Job Preparation
Students that attend the universities are exposed to up-to-date relevant educational experiences which prepare them for the jobs of the 21st century.
Additional Data
Nearly 9 in 10 CSUS students remain in CT after graduation
Through economic activity, CSUS stimulates beyond its own payroll approximately 4,200 full time jobs throughout the state and an additional 280 million in taxable income.
Even utilizing conservative estimates and assumptions, almost one percent of Connecticut's 2007 gross domestic product was stimulated by the activity of the Connecticut State University System.
93% of CSUS students are from Connecticut, and nearly nine in ten stay in the state after graduation to pursue careers, raise families and contribute to the state's quality of life and economic vitality.
A record-setting 6,870 degrees were awarded in 2008, an increase of 26 percent since 2002. And full time enrollment is at the highest level ever.
More Facts