Economic Engines

Investment in university facilities has a proven payback in jobs and economic advancement that outlives and outperforms investment in other types of potential stimulus programs.

For example, a study by the University of Virginia revealed that for every dollar spent locally by the University, the ultimate local spending generated by that activity was $1.45. These and other statistics prove that the modern research university is both a knowledge factory and an economic machine. 1

1 WELDON COOPER CENTER FOR PUBLIC SERVICE, UNIVERSITY OF VIRGINIA. “THE ECONOMIC IMPACT OF THE UNIVERSITY OF VIRGINIA.” JUNE 2007

Take Action Now

As the Carnegie Foundation’s Higher Education Investment Act – An Open Letter to President-Elect Obama and His Administration has stated:

“A commitment of 5 percent of the economic stimulus package—in the range of $40 to $45 billion—toward higher education facilities will provide the stimulus that will propel the nation forward in resolving its current economic crisis and lay the ground-work for international economic competitiveness and the well-being of American families into the future.”

The time to act is now. Take Action Now