The Central Coast region comprises the Monterey, San Luis Obispo, Santa Barbara, and Ventura counties. There are three CSU campuses in this region: Cal Poly San Luis Obispo, CSU Monterey Bay, and CSU Channel Islands.
As a group, these campuses have a direct impact of over $947 million, including:
This direct impact of the CSU campuses creates a total spending impact of $804 million on the Central Coast’s economy. This impact sustains over 8,600 jobs in the region and generates over $52 million in tax revenue. Moreover, $2.5 billion of the earnings by alumni from the three Central Coast campuses can be attributed to their CSU degrees.
In addition to the regional impact that Cal Poly San Luis Obispo, CSU Monterey Bay, and CSU Channel Islands have on the Central Coast region, there are statewide impacts associated with leakages from spending beyond the immediate region. Including the spending in other regions, Central Coast campuses create a total spending impact of $1.6 billion, support more than 14,000 jobs, and generate $105 million in tax revenue for state and local governments. Moreover, when the enhanced earning power of Central Coast CSU alumni is considered, the campuses produce a combined total direct annual impact of $3.5 billion for the state’s economy, which creates a total spending impact of $4.9 billion. This level of economic activity supports roughly 34,500 jobs annually in the state and generates over $340 million in annual tax revenue for the state government and local governments.
In 2008-09, the state appropriations totaled just over $288 million to Central Coast campuses, and for every dollar invested, $2.79 in regional and $5.71 in statewide spending is generated. When the impact of the enhanced earnings of Central Coast CSU graduates is included, the ratio rises to nearly $17 in total spending impact for every dollar the state invests.