UConn is a growing gold mine for the state of Connecticut, according to one new study.
The university and all its branches have a $3.4 billion economic impact on Connecticut in the past year. UConn generated $202.5 million in state and local tax revenue, supported 24,325 jobs, produced $11.80 per single state-funded dollar, and is responsible for one of every 90 jobs in Connecticut.
UConn’s research has a $373.3 million economic impact on the state, and has created 2,081 jobs.
UConn president Susan Herbst emphasized the fact that UConn is not done building on its recent success.
“It’s gratifying to know that the work our faculty, staff, and students do every day has such a direct impact on the lives of Connecticut residents,” Herbst said. “But this is only the beginning of what we’re capable of achieving.”
Signs of development and advancement are everywhere. A large research building, a new residence area for science, engineering and math students and a 3,400-foot road to join UConn's new technology park to Route 44, are all huge expenditures focusing on STEM that have been approved recently.
Herbst and Gov. Dannel Malloy have opted for STEM research to be UConn’s calling card in becoming a top public university. Malloy expects money from the state’s $1.5 billion investment in UConn over the next ten years to be funneled back into the Connecticut economy, hopefully at the $11.80 per dollar clip or higher that UConn is already operating at. For Malloy and Herbst, STEM is UConn’s and Connecticut’s great hope.
“…the big picture is that UConn has to boost its research performance,” Herbst said. “There’s no other way to get ahead.”
This is why a $162 million “innovation partnership building” for research is soon to be built. This is why a $105 million dollar dormitory is being built expressly for STEM students. UConn will also be hiring new professors, “The majority of whom will be in the STEM disciplines,” building a “premier STEM Honors program,” and expanding enrollment, expanding buildings and repairing and rebuilding others.
In 1998, UConn was ranked 38th out of the nation’s public universities. Its ranking is now 19th.
http://dailycampus.com/stories/2015/9/18/study-uconn-economic-impact-on-connecticut
The university and all its branches have a $3.4 billion economic impact on Connecticut in the past year. UConn generated $202.5 million in state and local tax revenue, supported 24,325 jobs, produced $11.80 per single state-funded dollar, and is responsible for one of every 90 jobs in Connecticut.
UConn’s research has a $373.3 million economic impact on the state, and has created 2,081 jobs.
UConn president Susan Herbst emphasized the fact that UConn is not done building on its recent success.
“It’s gratifying to know that the work our faculty, staff, and students do every day has such a direct impact on the lives of Connecticut residents,” Herbst said. “But this is only the beginning of what we’re capable of achieving.”
Signs of development and advancement are everywhere. A large research building, a new residence area for science, engineering and math students and a 3,400-foot road to join UConn's new technology park to Route 44, are all huge expenditures focusing on STEM that have been approved recently.
Herbst and Gov. Dannel Malloy have opted for STEM research to be UConn’s calling card in becoming a top public university. Malloy expects money from the state’s $1.5 billion investment in UConn over the next ten years to be funneled back into the Connecticut economy, hopefully at the $11.80 per dollar clip or higher that UConn is already operating at. For Malloy and Herbst, STEM is UConn’s and Connecticut’s great hope.
“…the big picture is that UConn has to boost its research performance,” Herbst said. “There’s no other way to get ahead.”
This is why a $162 million “innovation partnership building” for research is soon to be built. This is why a $105 million dollar dormitory is being built expressly for STEM students. UConn will also be hiring new professors, “The majority of whom will be in the STEM disciplines,” building a “premier STEM Honors program,” and expanding enrollment, expanding buildings and repairing and rebuilding others.
In 1998, UConn was ranked 38th out of the nation’s public universities. Its ranking is now 19th.
http://dailycampus.com/stories/2015/9/18/study-uconn-economic-impact-on-connecticut