The University of California, Merced, has contributed approximately $650 million to the San Joaquin Valley economy since the campus began initial operations in July 2000, the university reported today.
Statewide, the value of UC Merced’s cumulative economic contribution has amounted to $1.225 billion. Both totals reflect university expenditures through June 30, the end of the campus’ 2010-11 fiscal year.
Statewide, the value of UC Merced’s cumulative economic contribution has amounted to $1.225 billion. Both totals reflect university expenditures through June 30, the end of the campus’ 2010-11 fiscal year.
According to the campus’ Business and Financial Services unit, UC Merced has paid more than $417 million in local wages and compensation, awarded $109 million in construction contracts to local businesses and purchased $122 million in goods and services from local suppliers since July 2000. The total Valley investment of $648 million shows a growth of nearly $100 million since the end of the prior fiscal year.
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