UCR campus Wednesday in Riverside, June 22, 2011. Terry Pierson/STAFF PHOTOGRAPHER


Published: 05 October 2011 06:33 PM

New campus buildings, bigger research projects and more students are the main reasons UC Riverside’s economic impact has expanded to $1.4 billion, a study released this week by the school found.

That’s a figure based on direct spending by the state university campus, as well as the dollars that circulate in the community due to spending by faculty and staff members, students, visitors to the campus and retirees. The study is based on the 2009-2010 fiscal year, according to a statement.

The study was performed by ALH Urban & Regional Economics, a Berkley-based economic consulting firm. Amy Herman, the principal of the company who also worked on a similar study for UCR five years ago, said UCR’s economic impact has expanded because the size of the college and the scope of research done there have grown, although she said the persistent effects of the recession could have slowed some of that growth.

“There definitely is significant impact, and it’s one I would have expected,” Herman said.

The study found that the economic impact within Riverside and San Bernardino counties generates about 12,000 jobs, including people hired to sell goods and services to people who bring home paychecks from the university. The majority of those jobs are located within the Riverside city limits.

All told, the university employs more than 6,000 people, making it one of the top two employers in the city limits.

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