1. Connecticut State Colleges and UniversitiesFY
The economic value of
Connecticut State Colleges and Universities
ANALYSIS OF THE ECONOMIC IMPACT AND RETURN ON INVESTMENT OF EDUCATION

2. 15+ years working with higher education institutions
Emsi & Higher Education Institutions
ADVISORS IN LABOR MARKET INFORMATION
15+ years working with higher education institutions
1,800+ economic impact studies completed
31 state systems have received economic impact studies from Emsi
We have completed over 1,700 EIS across US, UK, and Canada (with over 83% done for US clients)

3. What is an ECONOMIC IMPACT ANALYSIS?
Measures how an event or institution affects the state economy
What is an INVESTMENT ANALYSIS?
A comparison of the costs and benefits to determine the return on investment

4. Total Gross State Product (GSP)
About Connecticut
Average earnings by education level at career midpoint
$273 billion
2,319,369
Total Gross State Product (GSP)
Total Jobs

5. CSCU in FY 2016-17 118,605 23,129 $875 million 10,687 $351.6 million
Credit students served
Non-credit students served
$875 million
10,687
Total payroll/benefits
Employees
$351.6 million 3%
Total tuition revenue
Students from outside the state

6. Overview of results $11.1 billion 22.2% 123,000+ 9.4% 4.1%
Total income added to the state
Rate of return to students
123,000+
9.4%
Total jobs supported in the state
Rate of return to taxpayers
4.1%
Of state’s GSP

7. Operations Spending Impact
ECONOMIC IMPACT ANALYSIS
Operations Spending Impact
Research
Spending Impact
Construction Spending Impact
Institution payroll and other spending + ripple effects
Research payroll and other research spending + ripple effects
Institution construction expenditures + ripple effects
$980.1 million
$5.3 million
$29.4 million
Added state income
Added state income
Added state income OR OR OR
12,264 60
465
Jobs supported in the state
Jobs supported in the state
Jobs supported in the state
All results measured in income, not sales. Results are net of counterfactual scenarios.

8. Visitor Spending Impact
ECONOMIC IMPACT ANALYSIS
Visitor Spending Impact
Student Spending Impact
Alumni
Impact
Out-of-state visitor spending + ripple effects
Relocated/retained student spending + ripple effects
Higher alumni earnings and increased business profit + ripple effects
$5.6 million
$137.9 million
$9.9 billion
Added state income
Added state income
Added state income OR OR OR
127
2,222
108,215
Jobs supported in the state
Jobs supported in the state
Jobs supported in the state
All results measured in income, not sales. Results are net of counterfactual scenarios.

9. 1 19 Total Impact $11.1 billion 4.1% 123,000+ ECONOMIC IMPACT ANALYSIS
Top industries impacted by cscu (jobs supported)
Total income added in the state OR
4.1%
Of state’s GSP
123,000+
Total jobs supported in the state OR 1 19
out of
jobs in the state

10. 6.6 3.8 11.7 22.2% 9.4% n/a INVESTMENT ANALYSIS Student Perspective
Taxpayer Perspective
Social Perspective
$7 billion
$2.4 billion
$25.3 billion
Benefit: Higher future earnings
Benefit: Future tax revenue, government savings
Benefit: Future earnings, tax revenue, private savings
$1 billion
$629 million
$2.2 billion
Cost: Tuition, supplies, opportunity cost
Cost: State and local funding
Cost: Student and all institution costs
6.6
3.8
11.7
Benefit/cost ratio
Benefit/cost ratio
Benefit/cost ratio
22.2%
9.4%
n/a
Rate of return
Rate of return
Rate of return
Future benefits are discounted to the present.

11. Next Steps HOW CAN EMSI HELP? Share results with state & local media.
Share industry impacts with state and local business partners.
Send the executive summary to state legislators.
Use campus fliers, newsletters, & websites to publish results.
Use social media to broadcast student returns to prospective students and parents.
Leverage impacts for proposals, grant writing, & strategic planning.
HOW CAN EMSI HELP?
Emsi’s press packet
Ongoing presentations from your Emsi economist
/call us anytime

12. Include your results in your periodic publications.
Share your results
Combine your results with other institutional highlights to create a fact sheet.
Create a web page that includes written highlights, animations, and videos.
Include your results in your periodic publications.

13. Share your results
Use social media to share your investment results with prospective students.
Create a press release and share with your state and local media.
Use your study to help secure additional funding.

14. The results of this study were prepared by
For a copy of the report, please contact CSCU.