University of Connecticut's Annual Impact on the Connecticut Economy
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$3.4 Billion

Total annual economic impact

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$202.5M

State and local tax revenue

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24,235

UConn-supported jobs

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$11.80

UConn generates $11.80 for every state-funded dollar.

From jobs on campus to partnerships with startup businesses, the economic impact of the University of Connecticut can be felt across the entire state. UConn prepares the work force of tomorrow, pioneers innovation in new products and research, and is responsible for 1 out of every 90 jobs in Connecticut. From its humble origins as an agricultural college on donated land, UConn has become one of the central pillars of the state economy.

Research

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$373.3M

Economic impact of UConn’s research enterprise

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2,081

Jobs supported and sustained by UConn research

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$15.2M

State and local tax revenue from UConn research

UConn’s research operations make real and vital contributions to the state’s economy. Research dollars are out-of-state money entering the Connecticut economy through UConn, but the impact doesn’t end there. The University is actively engaged in promoting entrepreneurship and commercial ventures as part of its mission, and as research expenditures continue to grow, that impact will only become greater.

Community

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$55.8B

Additional annual income earned by UConn graduates working in CT*

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$39.7M

Value of volunteer activities of faculty, staff, and students

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$13.7M

Charitable contributions from faculty, staff, and students

UConn is inseparable from its state and communities, a bond that is reflected in everything from the 57 percent of graduates who choose to live in Connecticut to the charitable and volunteer work done every year by University students, faculty, and staff. From charity care provided by the UConn School of Medicine to community nutrition programs run by the College of Agriculture, Health and Natural Resources, UConn’s contribution to the state goes beyond dollars and cents.

*The amount of additional income that UConn alumni (who have graduated since 1980) earn annually, over the average college graduate.  See the full report for more information.

Impact by Campus

  • Storrs
  • UConn Health
  • Hartford
  • Avery Point
  • Stamford
  • Waterbury
  • Torrington

  • $1.7BStorrs
  • $1.5BUConn Health
  • $102MHartford
  • $43MAvery Point
  • $25MStamford
  • $17MWaterbury
  • $6MTorrington

The economic benefit of UConn is Connecticut-wide, befitting a University with a physical presence in every region of the state. UConn’s effect is widespread, but also intensely local: the University means local jobs, local spending, and local tax revenues for communities from the shoreline to the northwest hills. With major initiatives to expand and enhance its campuses, UConn’s local benefits will only multiply.

UConn Health

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$1.5B

Economic impact

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12,039

Jobs supported

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$81.3M

State and local tax revenue

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$90M

Annual research dollars attracted

As a major university hospital, UConn Health serves many purposes: it provides training and instruction for medical and dental students; it’s a major component of the University’s research mission; and it provides quality hospital and outpatient care to the people of Connecticut. With the creation of the Bioscience Connecticut initiative, UConn Health will provide growing benefits to the state for many years to come.

Full Report

 

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Full
Report

PDF 1MB

 

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Executive
Summary

PPSX 2MB | PDF 2MB

 

fact-sheet

Fact
Sheet

PDF 252KB

ABOUT TRIPP UMBACH

Tripp Umbach is the national leader in providing economic impact analysis to leading healthcare organizations, universities, and academic medical centers. We have completed more than 150 economic impact studies over the past 20 years for clients such as: The Pennsylvania State University, The Ohio State University, University of Washington, The University of Iowa, UAB, Cleveland Clinic, University of Florida Shands HealthCare, the University of North Carolina Hospitals, the University of Pennsylvania Medical Center, the University of Pittsburgh Medical Center, and the Ohio State University Medical Center.

METHODOLOGY

Economic impact begins when an organization spends money. Studies measuring economic impact capture the direct economic impact of an organization’s spending, plus additional indirect and induced spending in the economy as a result of direct spending. Economic impact has nothing to do with dollars collected by institutions.

Total economic impact measures the dollars that are generated within Connecticut due to the presence of UConn and UConn Health. This includes not only spending on goods and services with a variety of vendors within the state, and the spending of its staff and visitors, but also the business volume generated by businesses within Connecticut that benefit from the university’s spending. It is important to remember that not all dollars spent by a university remain in its home state. Dollars that “leak” out of the state in the form of purchases from out- of-state vendors are not included in the university’s economic impact on the state. The multipliers utilized in this study are derived from the IMPLAN software.

MODEL INPUTS AND DATA SOURCES

Model inputs included actual FY 2012-13 expenditures provided by UConn and UConn Health.

Contact


Contact

Kristen Cole

Director of News and Editorial Communications
University Communications
University of Connecticut
Storrs, CT 06269
(860) 486-2997
kristen.cole@uconn.edu