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UCB #7
CCHE Quality Indicator System (QIS)
CU-Boulder Fall 1998 Submission
CU-Boulder local indicator 7: Role in Economic Development: Contributing to the economic
development and well-being of the state of Colorado
| Evaluation: CU-Boulder makes enormous direct and indirect
contributions to Colorado economic development by attracting more than
$325 million per year from outside Colorado, by faculty inventions and
patents, by the impacts of campus, student, and visitor spending on the
state, and by partnerships with businesses, industry, and other organizations
across the state. |
| UCB7a |
Partnerships with organizations contributing to the Colorado economy |
- CU-Boulder's techology
transfer office serves as an "active bridge between CU-Boulder researchers
and the business community".
- CU faculty, students, and alumni start, own, work for, collaborate with, and consult with
businesses, industry, the agricultural sector, and non-profit organizations throughout the state.
- Major Colorado employers recruit
CU-Boulder students.
- CU-Boulder's Business Research Division sponsors an annual
Colorado economic outlook forum
and forecast used statewide.
- Our research
park has 14 tenants including Boulder Technology Incubator, Genomica,
and Sybase. Tenants work with CU-Boulder students and faculty to develop
and market innovative technologies.
- Several major scientific facilities have located in
Boulder at least in part due to the presence of CU-Boulder. NCAR/UCAR,
NIST, and NOAA together employ over 2,000 people with annual local budgets
exceeding $230 million.
- Large private employers such as Sun Microsystems are
also attracted to the area by CU-Boulder's students, faculty, and facilities.
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| UCB7b |
Funding beyond state of Colorado resources |
In 1997-98 CU-Boulder collected over $325
million from sources outside state of Colorado funds, not counting auxiliary
enterprise sales (e.g., student housing) or any form of student financial
aid. This figure includes
- About $165 million in student tuition and fees, with $106 million of this coming from students from outside Colorado
- Roughly $120 million in federal and private grants
and contracts for direct research expenses. This figure has risen rapidly
over the last ten years.
- Another $30 million in overhead or indirect cost recoveries
associated with research grants and contracts
- About $12 million in private donations
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| UCB7c |
Economic impact of campus, student, and visitor spending on Boulder and on the state |
CU-Boulder is one of the largest employers
in Boulder county, providing more than 7,500 full and part-time jobs in
1997-98, plus employment to thousands of students
A 1995 economic
impact study by the CU president's office estimates that in fiscal
year 1994
- CU-Boulder's direct expenditures of $468 million translated
into about $890 million in goods and services produced in Colorado
- CU-Boulder students spent $316 million in Colorado
- CU-Boulder accounted for $46 million spending on travel
by employees, students, and visitors, including a well-attended annual
parent/family weekend
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| UCB7d |
New patents issued as a direct result of UCB activities |
Our techology
transfer office reports 53 patents issued to and 139 additional patent
applications by CU-Boulder faculty and researchers in the last two years. |
Summary of local indicators | Next indicator
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