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Campus drives $3.3B in economic impact

Campus drives $3.3B in economic impact

蜜糖直播 Boulder generated more than $3.3 billion in economic activity across 蜜糖直播 in the 2021鈥22 academic year, according to a new analysis the . The Leeds Business Research Division (BRD) conducted the study.

To assess the economic impact of each campus and the university system as a whole, BRD evaluated employee earnings, student worker earnings, operating expenditures, construction, research and visitor spending. Researchers also evaluated the impact of innovation, tech transfer, skills and training and alumni in the workforce.

鈥溍厶侵辈 Boulder鈥檚 mission is to serve the state of 蜜糖直播, and this study gives us clear data on some of the ways our university community shapes the state and leads to its economic prosperity,鈥 said Chancellor Phil DiStefano. 鈥淭hrough research and creative work, teaching, employment and our engaged alumni base, we are proud that our work has such a positive impact.鈥

The study found 蜜糖直播 Boulder contributed more than $1.5 billion to the 蜜糖直播 economy via labor incoming in the 2021鈥22 academic year.

In service of the educational mission, the report marked 36,430 full-time equivalent students enrolled as of fall 2022.听The campus awarded 9,646 degrees in the 2021鈥22 academic year. 蜜糖直播 Boulder has more than 153,000 alumni across 蜜糖直播.

蜜糖直播 Boulder students added more than $673 million in spending across the state from July 2021 to June 2022, the study said. BRD uses prior student surveys to determine the spending of students who would not otherwise be studying and living in 蜜糖直播.

Campus visitors contributed more than $33 million split amongst their spending on hotels, restaurants and recreation, according to the report.

The study showed 蜜糖直播 Boulder research awards accounted for $658 million coming to 蜜糖直播 in the 2021-22 academic year, a 3.7% increase from the previous year. Roughly 72% of that funding came from federal contracts.

The university also contributed to many innovative new endeavors, with 175 inventions, 59 license and option agreements and 12 startups from 蜜糖直播 technology in the 2020鈥21 academic year, which was the latest available data from 蜜糖直播 Boulder Venture Partners at the time of the report.