Helping California Prosper Since 1851
New report demonstrates economic impact
(July 2005) It is with great pleasure that I share with you The Economic Impact of University of the Pacific, prepared by the Business Forecasting Center at Pacific’s Eberhardt School of Business. The report documents something we at Pacific take great pride in – our ability to make a substantial positive impact on Northern California as a whole and on the three cities in which we operate campuses, Stockton, San Francisco and Sacramento.
This study is the first to measure the University’s economic impact, and I am certain you will find the results impressive:
- University of the Pacific added more than half a billion dollars to Northern California’s economy in the fiscal year which ended June 30.
- Every $3 spent by the University and its students generates an additional $2 in Northern California.
- For every two direct jobs at the University, another job is created.
- The University’s economic activity this year generated $77.8 million in tax revenues for the federal, state and local governments.
On a local level, the main campus in Stockton makes an annual impact of $275.7 million on San Joaquin County’s economy, sustains 3,522 jobs, serves 4,630 students, and employs 968 people. Pacific’s McGeorge School of Law in Sacramento serves 1,141 students and employs 344 people, adding $93.6 million to the Sacramento economy. And the Arthur A. Dugoni School of Dentistry in San Francisco, which serves 477 students and employs 471 people, adds $102.6 million to its local economy.
While these data clearly demonstrate Pacific’s tremendous economic benefits, the University’s true impact is even broader. The region also benefits from the countless hours of time contributed by our faculty, staff, students and alumni. Students from our Stockton campus volunteered 8,400 service hours to the local community last year. The Arthur A. Dugoni School of Dentistry in San Francisco has been providing free and reduced-rate oral health care services since the school’s inception in 1896, with many of these services provided to people with special needs. And the Pacific McGeorge School of Law ) in Sacramento partners with St. HOPE and other community organizations to develop an educational pipeline for underprivileged children.
As California’s first chartered university, Pacific has helped California grow and prosper since 1851. We are proud of our record of service and encourage you to view this report in detail by visiting the Business Forecasting Center.