|Overview||Spending||Teaching||Research and Service||Quality of Life||Universities|
$8 Return for Every
$1 Louisiana Invests in the UL System
The University of Louisiana System and its eight universities are essential economic drivers to the state and the communities they serve. With sustained expenditures by the institutions, their employees, and their students the eight campuses provide an economic benefit that is significant.
The impact of each dollar invested in our universities is multiplied by eight as it cycles through our state economy.
The eight universities have a total spending impact of $3.4 billion.That includes a $334 million impact from university operating expenditures, $222 million from capital outlay and construction projects, $148 million from health insurance payments, $131 million from retiree spending, $101 million from university affiliated organizations, $487 million from visitor expenditures, $661 million from spending by faculty and staff, and $1.3 billion from student expenditures.
An additional benefit to UL System spending is the creation of 34,800 non-university jobs throughout Louisiana. These are full-time equivalent positions in industries such as construction, healthcare, retail sales and food services.
The UL System is the largest system in the state with over 80,000 students. These students play an important role in supporting their communities. Their spending in areas such as housing, food, entertainment, telecommunications, and transportation generates an annual $1.3 billion impact on Louisiana’s economy.
Student spending in the UL System also supports 12,500 non-university jobs in Louisiana’s restaurant, entertainment and retail industries.
There are over 9,500 faculty and staff employed by UL System schools. Their expenditures on items such as housing, food, entertainment, telecommunications, and transportation generate an annual $661 million impact on Louisiana. Those expenditures also support over 6,300 jobs.
In 2007-08, UL System operating expenditures on items such as supplies, equipment, and services garnered an impact of $334 million on the state. Personnel costs are not part of this calculation. Over 5,000 community jobs were created as a result of university operations expenditures.
Between 2001 and 2008, almost 60 construction projects took place on UL System campuses. Those projects yielded a $1.78 billion impact on the state and created over 16,500 jobs.
An eight-year average of construction on the UL System’s campuses revealed an average annual impact of $222 million. Over 2,000 non-university jobs are tied to university construction projects each year.
Each year, UL System universities host numerous visitors for cultural, sporting and educational events. Visitor expenditures on items such as transportation, food, and lodging impact the state economy by $487 million.
Visitor spending also accounts for over 4,700 jobs.
Health Insurance Payments
About 83 percent of employee and retiree health insurance payments are made to health care providers in Louisiana. Those payments generate an economic impact of $148 million and create over 1,500 jobs.