Report: CU a $13.3 Billion Economic Engine for Colorado | Leeds Business School

Investments in research, contributions from faculty and alumni create enormous impact for the state.

Larimer Square, Denver. The capital is one of the three metropolitan areas that benefit most from the economic contributions of the University of Colorado system to the state.

The University of Colorado system faces the same challenges as many companies in the state, from inflation and rising interest rates to talent shortages and supply chain issues.

Like the rest of the business community, however, CU is finding a way to create a meaningful impact.

In the financial year ending June 2022, CU and its affiliated hospitals represented a $13.3 billion economic engine for the state, according to an economic impact report by the Leeds Business Research Division. School of Business.

“The university continues to invest heavily in research and construction projects that create a direct impact on Colorado,” said BRD Executive Director Brian Lewandowski. “Additionally, the more than 300,000 alumni who call Colorado home continue to have an outsized impact on workplace innovation and productivity, from top employers to entrepreneurial businesses.”

Going further: CU 2022 economic impact study

The university system’s four campuses — Anschutz Medical Campus, Boulder, Denver and Colorado Springs — generated $8.7 billion in impact last year, to go with an additional $4.6 billion from Anschutz-affiliated hospitals .

Some key findings from the report:

• The CU system is creating an economic impact in every county in Colorado, with the greatest effects felt in the metro areas of Denver, Boulder and Colorado Springs.

• The university directly employed 47,600 faculty, staff and students, representing $2.4 billion in salaries.

• CU invested $4.8 billion in operations, research and construction.

The BRD measures total economic impact through education, construction, research, visitors, technology transfer and employment, and although the report does not break these figures down to the school, research and investment coming from Leeds continue to play a key role in the economy. state strength. This is especially the case thanks to the School’s Centers of Excellence, which conduct meaningful research and share thought leadership in areas such as finance, real estate, entrepreneurship and sustainability.

More: In Weathering the Economy, a forecaster you can rely on

BRD experts are regularly called upon by the media and industry for their economic knowledge. BRD is preparing for its annual Business Economic Outlook Forum, an introduction to the state’s economy and its expected performance for the coming year, which will take place in person at the Grand Hyatt Denver on December 5. The event is free, but registration is required.

Why Leeds Download the full report Trade Research Division

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