Monday, August 15, 2022
Report Finds Long Beach State University has a $1.53 Billion Impact on Local Economies
By Sentinel News Service
Published February 15, 2019

According to a newly released report, Long Beach State University is “an economic powerhouse” that has an annual $1.53 billion impact on the economies in its home city and in the greater Los Angeles and Orange County communities.

Among the other insights gained from the analysis are:

  • CSULB’s impact on Los Angeles County, alone, is approximately $1.14 billion. The campus’ impact on neighboring Orange County is $388.5 million.
  • The campus supports a total of nearly 10,600 jobs throughout the two counties, including more than 3,700 jobs in Long Beach.
  • More than $523 million in employee compensation (earnings and benefits) were generated for CSULB’s workers throughout the two counties, including $192 million in Long Beach.
  • CSULB’s economic impacts help generate close to $42 million in tax revenues in Orange and Los Angeles counties, including $11.5 million in Long Beach.
  • As of 2017, CSULB alumni owned 245 local businesses in Long Beach. In Orange County, 674 establishments were owned by Long Beach State University alumni.

“Students who graduate from Long Beach State, their median income a few years after graduation is nearly $100,000. So, think of that in terms of contributions to the economy,” said President Jane Close Conoley. “I am really proud to be at such an extraordinary university where we are among the top 10 in the nation in accelerating the social mobility of our graduates.”

Long Beach State University is ranked the ninth best public college in the western United States by U.S. News & World Report, the fifth most applied to university in the nation and ranked high for matriculating students who graduate with the least amount of debt. Forbes ranks CSULB as one of America’s best-value colleges because of its great return on investment.

Categories: Business | Economy | Education | Local | News (Business) | News (Family)
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