GET BREAKING NEWS IN YOUR BROWSER. CLICK HERE TO TURN ON NOTIFICATIONS.

X

FORT COLLINS CO., September 15, 2011- A CSU student heads toward class near the Lory Student Center on the campus.Fall seems to be arriving early on the campus at Colorado State University.  It was a chilly day with frequent rain showers but conditions improved through the day and are expected to be nice for the upcoming weekend. Leaves have already begun to change and some have dropped off trees.Helen H. Richardson, The Denver Post
FORT COLLINS CO., September 15, 2011- A CSU student heads toward class near the Lory Student Center on the campus.Fall seems to be arriving early on the campus at Colorado State University. It was a chilly day with frequent rain showers but conditions improved through the day and are expected to be nice for the upcoming weekend. Leaves have already begun to change and some have dropped off trees.Helen H. Richardson, The Denver Post

Colorado State University contributed $465.2 million to the state’s bottom line in 2015, nearly four times the amount of funding the state provided to the university that same year, according to a study by the school.

Students, faculty, staff and alumni contributed the $465.2 million in tax revenue to the state and created 19,000 jobs in Colorado, according to two studies of the economic and fiscal impact of CSU and recent campus construction projects. CSU also spawned dozens of startup companies through its research programs.

Six of the largest projects that were part of the recent construction boom on campus sparked $560 million in new economic activity, creating the equivalent of 3,602 yearly jobs that persisted during a 2.5-year period.

“Simply put, CSU is one of the state’s most important economic growth engines and a cornerstone of Colorado’s economic future,” say the authors of “The Economic and Fiscal Impact Study: Colorado State University.”

The conclusions are the result of analysis commissioned by CSU to better understand the university’s economic footprint on the state. The study authors are Rebecca Hill, Ph.D, an agricultural and resources economist in CSU’s College of Agricultural Sciences, and Harvey Cutler and Martin Shields, both professors and economists in CSU’s College of Liberal Arts.

Of CSU’s overall budget of $1.1 billion, 55 percent was dedicated to payroll, which supported about 7,500 workers, most of whom live and work in the Fort Collins area. During the same year, CSU received $119 million in state funding, according to the study.

Among workers in Colorado, nearly 1 in 25 has a CSU degree and CSU generates an estimated 16,865 jobs in the Fort Collins area, directly and indirectly, the study says.

More in Business

  • 220715981 2018-01-21
  • 337462980 2018-01-21
  • 792654979 2018-01-21
  • 527332978 2018-01-21
  • 44640977 2018-01-21
  • 102446976 2018-01-21
  • 302103975 2018-01-21
  • 224875974 2018-01-21
  • 248145973 2018-01-21
  • 924860972 2018-01-21
  • 236348971 2018-01-21
  • 195532970 2018-01-21
  • 714609969 2018-01-21
  • 926567968 2018-01-21
  • 967299967 2018-01-21
  • 383260966 2018-01-20
  • 353293965 2018-01-20
  • 674753964 2018-01-20
  • 337326963 2018-01-20
  • 39312962 2018-01-20