For the purpose of this study, the San Joaquin Valley region was defined as San Joaquin and the southern Central valley through to Kern County, and the adjacent mountain counties of eastern California. There are three CSU campuses in this region: Fresno State, CSU Bakersfield, and CSU Stanislaus.
As a group, these CSU campuses have a direct impact of nearly $754 million on the San Joaquin Valley region, including:
This direct impact of the CSU campuses creates a total spending impact of $829 million for the regional economy. This impact sustains close to 10,000 jobs in the region, and generates over $45.5 million in tax revenue. The San Joaquin Valley campuses generated a positive return on investment, meaning that for every dollar the campuses spent locally, $1.10 was generated in the regional economy. Moreover, $3.5 billion of the earnings by alumni from the three San Joaquin Valley area campuses can be attributed to their CSU degrees.
In addition to the regional impact that Fresno State, CSU Bakersfield, and CSU Stanislaus have on the region, there are statewide impacts associated with leakages from spending beyond the immediate region. Statewide, the San Joaquin Valley campuses create a total spending impact of $1.3 billion and support more than 11,600 jobs. Furthermore, the campuses generate $82 million in tax revenue for state and local governments. Moreover, when the enhanced earning power of San Joaquin Valley CSU alumni is considered, the campuses produce a combined total direct annual impact of $4.3 billion for the state economy, which creates a total spending impact of $5.8 billion. This level of economic activity supports nearly 40,000 jobs annually in the state and generates nearly $409,000 in annual tax revenue for the state and local governments.
In 2008-09, state appropriations totaled more than $293 million to San Joaquin Valley campuses, and for every dollar invested, $2.83 in regional and $4.50 in statewide spending is generated. When the impact of the enhanced earnings of San Joaquin Valley CSU graduates is included, the ratio rises to nearly $20 in total spending impact for every dollar the state invests.