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Report: UCA’S Economic Impact Totals $1B

2 min read

The University of Central Arkansas added $1.01 billion in income to the Arkansas economy and supported 19,506 jobs in Fiscal Year 2018-19, according to a recent study.

The study was conducted by Emsi of Moscow, Idaho, which provides labor market data to higher education, economic development, workforce development, talent acquisition and site selection.

More: Read the full report.

“We have always known that UCA and our high-quality academic programs are vital to the economy, to the future earning potential and career prospects of our students and to the long-term success of Arkansas residents,” UCA President Houston Davis said in a news release. “However, it is affirming to have this new, positive data as we look ahead and work with local and state leadership to ensure a prosperous and vibrant future for our students, campus community and the state.” 

Highlights of the report include:

  • UCA alumni generated $878.4 million in added income for the state economy, which is equivalent to UCA supporting 16,920 jobs.

  • The average UCA bachelor’s degree graduate will earn $31,100 per year more than an individual working in Arkansas who has just a high school diploma or its equivalent. This amounts to $1.4 million per graduate over the course of their working lives. 

  • For every dollar UCA students invest in their education, they will see a return of $5.20 in higher future earnings. This is an average annual return of 19.1%.

  • For every dollar spent by taxpayers, they receive $2.20 in added tax revenue and public sector savings over the course of the students’ working lives. 

  • The social benefits of UCA are valued at $2.7 billion, and those include $2.5 billion in added income through students’ increased lifetime earnings and increased business output as well as $191.5 million in social savings related to health, crime and income assistance in Arkansas. So, for every dollar invested in UCA, Arkansans will receive a cumulative value of $8.60 in benefits, as long as UCA’s FY 2018-19 students remain employed in the state’s workforce.

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