Courtesy photo.
CAMARILLO — For every dollar invested in CSU Channel Islands (CSUCI), the state’s economy receives a return on investment of nearly seven dollars for every dollar invested in CSUCI by California.
A new economic impact study analyzing data from all 23 of the CSU campuses for 2018-2019 indicated that, overall, the CSU system generated $26.9 billion in industry throughout the state; $10.3 billion in labor income; $1.6 billion in state and local tax revenue; and the creation of 209,400 jobs.
“The California State University has long been recognized for the quality of its educational offerings and as an economic engine powering California, and this new report helps to further illustrate and quantify the consequential impact of the CSU on the Golden State,” said CSU Chancellor Joseph I. Castro. “A return of nearly seven dollars for every dollar invested in the university demonstrates the wisdom of continued bold investment in the university.”
The study, which was conducted by global advisory and digital services provider ICF, analyzed data from 2018-2019.
Closer to home, CSUCI students, faculty and staff spent a total of $284.7 million during that time period.
Within the Central Coast, CSUCI-related activity supported 3,747 jobs in the region, $157.2 million in labor income, $409.7 million in industry activity, and $25.9 million in state and local tax revenue.
In addition, CSUCI alumni in the region supported an additional 1,829 jobs, $97.1 in labor income, $292.7 million in industry activity, and $22.1 million in state and local tax revenue. Alumni who remained in the Central Coast region earned an additional $322.9 million that can be attributed to their CSUCI degree.
On the state level, the study shows that direct spending from CSUCI supported 4,031 jobs, $177.6 labor income, $475 million in industry activity and $29.2 million in state and local tax revenue.
Alumni who are still in California supported an additional 3,088 jobs across the state; $191.5 million in labor income; $574.1 million in industry activity and $38.4 million in state and local tax revenue. Alumni who remained in the state earned an additional $460 million in 2019.
CSUCI Interim President Richard Yao, Ph.D. is gratified to see quantifiable results from the campus focus on seeing that each and every student gets an optimal experience on campus and makes it to graduation day.
“We know that a CSU Channel Islands education transforms not just students and their families, but entire communities,” said Interim President Rich Yao, Ph.D. “It’s exciting to see the actual data that shows just how much we as a society benefit from educated and well-prepared graduates. As CSUCI continues to expand and thrive, this community will also thrive in terms of our economy, the quality of our employees and businesses and our quality of life.”
CSUCI provides an exceptional higher education experience to students from Ventura and Santa Barbara counties and the LA Basin. With more than 7,000 students, 1,000 employees and 22,000+ alumni, CSUCI is poised to grow in size and distinction, while maintaining one of the most student-focused learning environments in public higher education.
Recent CSUCI service to the community has included more than 250 Nursing students and faculty who have assisted with the COVID-19 vaccine rollout in Ventura, Santa Barbara and Los Angeles counties.
A virtual micro-internship program launched during the first months of the pandemic has proved to be so successful, it has continued with even more student participants. The micro-internships, which are hands-on learning projects with pay, are offered through CSUCI’s Martin V. Smith School of Business & Economics.
A compact microscope co-designed by Physics Lecturer Brian Rasnow, Ph.D. is circling the globe aboard the International Space Station (ISS). When the SpaceX Falcon 9 rocket blasted off from NASA’s Kennedy Space Center in Florida, it carried three Lumascopes in the so-called Dragon cargo capsule. The microscopes were part of a system installed in the ISS where they are being used to research the effect of microgravity on human cells.
A few of CSUCI’s latest rankings are: 4th “Best College for Transfer Students” and 15th “Most Transformative College” in the nation by MONEY Magazine; 20th in the nation for the “Social Mobility Index” by CollegeNET; and 20th “Top Public Schools” in the nation by U.S. News & World Report.
As a state supported institution, the CSU is reliant on the state’s General Fund allocation to fund the 23-campus system’s operating budget. California’s increased investment in the CSU over the past several years has resulted in growth in student success with annual increases in graduation rates which have reached all-time highs under the university’s Graduation Initiative 2025.
To view the entire CSU report, visit: www.calstate.edu/impact
About California State University Channel Islands — CSU Channel Islands (CSUCI) is reimagining higher education for a new generation and era. We are an innovative higher education institution that enables students to succeed and thrive – serving as an engine for social and economic vitality that provides the intellectual resources necessary for a thriving democracy. With more than 7,000 students, 1,200 employees and 14,000 alumni, CSUCI is poised to grow in size and distinction, while maintaining one of the most student-focused learning environments in public higher education. Connect with and learn more by visiting www.csuci.edu or CSUCI’s Social Media.