Officials at San Diego State University announced results of a study examining the economic impact of the school on the region.
By 2025, the university’s annual economic impact will increase from $2.4 billion to $4.5 billion because of growing enrollment, which is expected to increase from 25,000 full-time students to 35,000 during the next 20 years.
Stephen Weber, the university’s president, said the report was “important” and called SDSU’s impact on the region “significant” during an Aug. 30 news conference at Aztec Center on campus.
Researchers at Fairfax, Va.-based ICF International conducted the two-part study during a three-month span for a cost of $53,000, according to Jack Beresford, an SDSU spokesman.
Results of the study concluded that there are 100,000 alums living in the San Diego region. Two-thirds of local teachers are SDSU grads as well as 50 percent of local engineers and the majority of local nurses with bachelor’s degrees. Tax revenue generated by SDSU students will nearly double during the next two decades from $308.3 million to $587.7 million in 2025.
Scott Alevy, vice president of public policy at the San Diego Regional Chamber of Commerce, also announced the chamber’s formal support for SDSU’s campus master plan revision, which will increase academic space, student housing and services and faculty housing.
, Jaimy Lee