CSU System Economic Study Shows Impact on Talent Retention, Jobs, Revenue
The three Colorado State University System campuses – and the out-of-state students they attract – fuel nearly 23,000 Colorado jobs and more than $237.74 million in state income and sales tax revenue annually.
In its first-ever Systemwide economic impact study, a team of economists quantified the CSU System’s unique contributions to the Colorado economy in terms of jobs, research, and the contributions of the System’s more than 112,250 living alumni who are currently working in Colorado. Highlights and a full report are available here.
Among the report’s key findings: the CSU System is an important factor in Colorado’s workforce talent retention. About 50% of the students who moved to Colorado to attend a CSU campus since 2005 have stayed here after graduating. And 86% of Colorado residents who attended CSU institutions are still in the state. Nearly 1 in 25 Colorado workers has a degree from a CSU System campus, and their alumni income translates into more than $209 million in state income tax revenue and $128 million in sales, use, and excise tax revenue. In other words, about 3% of the state’s total collections can be attributed to CSU graduates.
The three CSU System campuses – the flagship research university in Fort Collins; CSU Pueblo, a regionally focused Hispanic-serving institution; and the fully online CSU Global – together enroll more than 60,000 new and returning students each year. The CSU System has nearly 300,000 living alumni worldwide.