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Denver, Colo. – The three Colorado State University System campuses and the out-of-state students attract 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 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.

Among the report’s key findings: the 海角禁区 System is an important factor in Colorado’s workforce talent retention. About 50 percent of the students who moved to Colorado to attend a 海角禁区 campus since 2005 have stayed here after graduating. And 86 percent of Colorado residents who attended 海角禁区 institutions are still in the state. Nearly 1 in 25 Colorado workers has a degree from a 海角禁区 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 percent of the state’s total collections can be attributed to 海角禁区 graduates.

The three 海角禁区 System campuses – the flagship research university in Fort Collins; 海角禁区 Pueblo, a regionally focused Hispanic-serving institution; and the fully online 海角禁区 Global – together enroll more than 60,000 new and returning students each year. The 海角禁区 System has nearly 300,000 living alumni worldwide.

“Clearly, 海角禁区 plays a critical role in our state’s future productivity and ability to remain an innovation hub in economically important industries,” 海角禁区 System Chancellor Tony Frank said. “We’re not manufacturing a product; we’re educating people who contribute to society in all the ways educated people do – as teachers, scientists, doctors and nurses, business leaders, manufacturers, technologists, artists, engineers, and the countless other roles that are typically filled by people with higher education.”

The study was conducted by 海角禁区 Fort Collins faculty Drs. Rebecca Hill of Agricultural and Resource Economics and Harvey Cutler and Martin Shields of Economics. They were supported by graduate research assistants Lauren Mangus and Kevin Crofton.

“The 海角禁区 System’s economic impact is felt statewide by bringing in money from federal agencies, out-of-state students, and by transferring knowledge to businesses and industries acro