Merced Sun-Star
Monday, Oct. 18, 2010
Monday, Oct. 18, 2010
by Sun-Star Staff
UC Merced declared Monday that in the past decade it has contributed more than $1.1 billion to the state's economy -- $550 million of that in the San Joaquin Valley.
Fresno and Merced counties were the two local communities that shared most of the the campus' economic largess. That's money UC Merced spent on employee wages, construction contracts and goods and services.
"Despite one of the most difficult economic climates in decades, UC Merced continues to invest heavily in the future of the Valley," Chancellor Steve Kang said. "The university's rapid growth is creating quality jobs, stimulating secondary investments, increasing tax revenues and helping to offset recessionary declines in other sectors of the regional economy. We are extremely pleased to be pumping sustainable value back into the region at a time when unemployment and poverty are creating so much financial hardship for so many Valley residents."
Fresno and Merced counties were the two local communities that shared most of the the campus' economic largess. That's money UC Merced spent on employee wages, construction contracts and goods and services.
"Despite one of the most difficult economic climates in decades, UC Merced continues to invest heavily in the future of the Valley," Chancellor Steve Kang said. "The university's rapid growth is creating quality jobs, stimulating secondary investments, increasing tax revenues and helping to offset recessionary declines in other sectors of the regional economy. We are extremely pleased to be pumping sustainable value back into the region at a time when unemployment and poverty are creating so much financial hardship for so many Valley residents."
Read more: http://www.mercedsunstar.com/2010/10/18/1615385/uc-merced-reckons-its-economic.html#ixzz14KcAuwHx
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