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Daily Churn: CU’s economic impact

What’s churning:

The University of Colorado created an economic impact of $5.3 billion in 2011, according to a new study done by the Leeds School of Business on the Boulder campus.

That activity was generated by $2.6 billion in direct spending. Here are some other findings:

  • Student spending was estimated at $501 million, 63 percent generated by Boulder students.
  • The university received more than $793 million in research funding from federal, state and private sources.
  • CU spent $246 million on construction projects last year, created an economic benefit for $478 million.
  • The university system was the third largest employer in the state, with 27,483 faculty, staff and student workers. The total payroll was almost $1.2 billion.

Read the full study here.

The Colorado Community College System recently released its own economic impact study, which estimated those institutions have an overall economic impact of $3 billion a year (more details here). The Colorado State University System last did an economic impact story in 2009 – read it here.

In the current era of state budget cuts state colleges and universities regularly try to tout their economic importance in legislative testimony and marketing materials.

Christina Gonzales has been named associate vice chancellor for student affairs and dean of students at CU-Boulder. Gonzales is currently associate dean of students at the University of California, Berkeley.

What’s on tap:

Gov. John Hickenlooper will sign House Bill 12-1238, the Colorado READ Act, during a 12:15 p.m. ceremony in the west foyer of the Capitol.

The governor’s Education Leadership Council meets 1-4 p.m. in the new Metro State Student Success Building, 890 Auraria Parkway. Among other agenda items, the panel will start discussing its 2013 legislative agenda.

The Aurora Public Schools District Accountability Advisory Committee holds a public hearing on the 2012-13 budget at 6:30 p.m. in the Professional Learning and Conference Center, 15771 E. 1st Ave., Aurora. Visit the district’s budget reduction website.

The Denver Public Schools board holds a meeting at 2 p.m. and a public comment session at 3:30 p.m. at the district offices, 900 Grant St. Times are earlier because of graduation ceremonies that evening. The agenda includes votes on Manual and Montclair innovation renewals plus votes on several charter school contracts.

A good read from elsewhere:

More diverse advocacy voices: Our partners at EdWeek have a detailed and interesting look at how relatively new advocacy groups such as Stand for Children and Democrats for Education Reform are changing the education policy discussion. Both are active in Colorado, including on such state-level issues as education effectiveness and early childhood literacy.

The EdNews’ Churn is a roundup of briefs, notes and meetings in the world of Colorado education, published during the summer as news warrants. To submit an item for consideration in this listing, please email us at EdNews@EdNewsColorado.org.

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