About the Study
The Los Angeles County Economic Development Corporation (LAEDC) used a comprehensive “bill-of-goods” approach to estimate the total economic output, jobs and wages and taxes sustained by UCLA during fiscal year 2005-2006. First, the LAEDC estimated the university’s direct impact on the economy: its payments to employees and suppliers, plus the spending of its students and visitors. Then, we estimated the indirect and induced economic impacts using a customized model based on the Regional Input-Output Model System (RIMS II) developed by the Bureau of Economic Analysis, a unit of the U.S. Department of Commerce. The indirect economic impacts included the business revenues, jobs, wages and taxes generated when UCLA’s employees, students and visitors, plus the university’s suppliers and their employees, purchased goods and services. Though the LAEDC made every effort to be as complete as possible in its estimate of UCLA’s economic impacts, we may have understated the results. Wherever data was incomplete or unavailable, the LAEDC made choices sure to produce a lower, rather than higher, result.
Updates to Numbers
In March 2007 a printed Economic Impact brochure was produced based on preliminary results from LAEDC. This web site uses the final results issued in May 2007, and includes some updates to numbers. 1) Economic impact on the region was revised upward from $9.2 billion to $9.3 billion. 2) Economic impact on the state totaled $9.9 billion rather than $9.7 billion. 3) Research grants for fiscal year 2005-2006 totaled $810 million (brochure shows $829 million for 2004-2005).
Executive Summary of LAEDC Report
Click here for the Executive Summary of the LAEDC Report on UCLA's impact on the regional economy (PDF file).