You are here
Conclusion
HSU is a significant economic driver in the region, not only due to the opportunities the University presents for its students, but also due to the ripple effects that HSU spending has on industries throughout the regional economy. University and student spending generates more than $360 million in economic activity per year in the Humboldt region and supports almost 4,600 regional jobs, including those in secondary industries that depend on the spending of HSU and its students. HSU’s regional activities also generate significant tax revenue streams for state and local governments—approximately $22.1 million annually. The enhanced earning power of an HSU degree is a valuable asset not only for alumni, but also for the regional and state economy. Roughly $207 million in industry activity is generated annually in Humboldt County alone as a result of the incremental wage increases supported by a degree from HSU. Altogether, this activity drives just under $570 million in industry activity, supports 6,240 regional jobs and generates $38.2 million in state and local tax revenue.
Beyond these quantifiable economic impacts, HSU supports the regional education pathway by providing higher education to a diverse student body of nearly 8,000, assisting underserved high school students, and offering opportunities for lifelong learning. That diverse student body is then able to help meet regional workforce needs before and after graduation by stepping into key regional industries. Students and faculty at HSU contribute research and innovations on important regional issues through various university departments, programs, and centers. And HSU strengthens entrepreneurship in the region through its business education and its support for the NorCal SBDC. Finally, HSU actively serves its community through CCRP’s research on key rural issues, contributions of student and faculty volunteerism, and by providing a physical hub for performances, conventions, and cultural events.