Cal Poly brings $469 million to the economy
June 16, 2010
Cal Poly San Luis Obispo brings an estimated $469 million annually to the local economy through campus expenditures and off-campus student spending, according to a recently released report from the California State University System Office of the Chancellor.
In addition, Cal Poly sustains over 5,000 jobs in the region and nearly 8,500 jobs statewide.
From the standpoint of local and state tax revenue, the campus generates tax revenue of approximately $29.6 million per year at the local level and $61 million at the state level.
“For each $1 invested by the state, the CSU generates $5.43 for California’s economy annually,” according to the reports executive summary.