UMASS : Boston: An Economic Impact Analysis / Barry Bluestone.
This report assesses the economic impact of the University of Massachusetts at Boston (UMass/Boston) on the Commonwealth of Massachusetts with attention to three major economic contributions: (1) the additional income that UMass/Boston students generate within the state as a result of their universi...
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| Corporate Authors: | , |
| Format: | eBook |
| Language: | English |
| Published: |
[Place of publication not identified] :
Distributed by ERIC Clearinghouse,
1993.
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| Summary: | This report assesses the economic impact of the University of Massachusetts at Boston (UMass/Boston) on the Commonwealth of Massachusetts with attention to three major economic contributions: (1) the additional income that UMass/Boston students generate within the state as a result of their university education; (2) the added state income and sales tax revenue generated for the state government as a result of the additional income earned by these students; and (3) the export base income and tax revenue generated from non-resident tuition, fees, and living expenses, gifts and unrestricted funds from non-Massachusetts sources, student federal grants-in-aid, non-Massachusetts sponsored grants and contracts, and federal endowment income. Despite reliance on conservative assumptions throughout the model, it may be concluded that in economic terms UMass/Boston has been a lucrative investment for the Commonwealth even if one merely considers the beneficiary to be the state government itself. Among the findings it was estimated that the UMass/Boston entering class of Fall 1991, involving 2,572 students, will generate over their working lives, an added $1.05 billion to the overall income stream in Massachusetts, an amount of revenue that greatly exceeds the $34.1 million that students cost the state during their training at UMass/Boston. (GLR) |
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| Item Description: | Availability: University of Massachusetts, Chancellor's Office, Boston, MA 02125 (free). |
| Physical Description: | 86 pages. |
| Audience: | Administrators. Policymakers. Practitioners. |