California Business Minute™

Hi, I am Tim Johnson and welcome to the California Business Minute.

The University of California, San Diego contributes more than $7.2 billion in direct and
indirect spending and personal income each year to the California economy and generates
39,000 jobs, according to an independent economic analysis by San Francisco based
CBRE consulting.

These numbers are significantly up when last measured in 2005, illustrating the university’s
contribution at $5.7 billion in direct and indirect spending and personal income that generated
33,600 jobs locally.

UC San Diego, the third largest employer in San Diego County, pays more than $1.1 billion
in salaries and wages to nearly 27,000 faculty, staff, healthcare and student workers. In total
salaries and wages, purchasing of goods and services, and construction, UC San Diego spent
nearly $2.5 billion in FY 2006-07, of which $1.7 billion was spent in San Diego County. Every
$1 in direct UC San Diego spending generates an additional 92 cents in indirect spending in
the county.

Companies started by UC San Diego faculty and alumni create an even more powerful impact.
The total statewide economic contribution from UC San Diego start-up companies is more than
$37 billion annually and nearly 130,000 jobs. In San Diego County, these start-ups add
approximately $32 billion in direct and indirect spending and personal income to the economy
and nearly 115,000 jobs.
 
Founded in 1960, the University of California, San Diego is ranked the 7th best public university
in the nation by U.S. News and World Report and has been named the "hottest" institution to
study science by Newsweek.

I am Tim Johnson and this has been the California Business Minute.

For more information and to access the UC San Diego Economic Impact Report, visit:
www.ucsdnews.ucsd.edu/EconomicImpact.