{"id":900,"date":"2018-08-15T16:15:24","date_gmt":"2018-08-15T21:15:24","guid":{"rendered":"https:\/\/www.wisconsin.edu\/economic-development\/?page_id=900"},"modified":"2019-03-21T16:47:07","modified_gmt":"2019-03-21T21:47:07","slug":"overall-economic-impact-of-uw-system-on-the-wisconsin-economy","status":"publish","type":"page","link":"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/overall-economic-impact-of-uw-system-on-the-wisconsin-economy\/","title":{"rendered":"Overall Economic Impact of UW System on the Wisconsin Economy"},"content":{"rendered":"\n\t\t\t\t\t<div id=\"cfct-build-900\" class=\"cfct-build grid\">\n\t\t\t\t\t\t<div class=\"row\"><div class=\"col-md-3 cfct-block\">\n\t\t\t<div class=\"cfct-module cfct-module-loop-subpages\">\n\t\t\t\t<div class=\"\"><h3 class=\"cfct-mod-title\" id=\"title-cfct-module-ac716d935dd3c5198475d3c3228aa0f8\"\">Economic Impact Study 2018<button type=\"button\" class=\"visible-xs collapsed\" data-toggle=\"collapse\"\n                                                data-target=\".menu-cfct-module-ac716d935dd3c5198475d3c3228aa0f8-container\">\n\t\t<span class=\"sr-only\">Toggle navigation<\/span>\n\t\t<span class=\"glyphicon glyphicon-chevron-up\"><\/span><\/button><\/h3><div class=\"cfct-mod-content menu-cfct-module-ac716d935dd3c5198475d3c3228aa0f8-container collapse navbar-collapse\">\n    <nav aria-labelledby=\"title-cfct-module-ac716d935dd3c5198475d3c3228aa0f8\">\n        \n\t\t\t\t\t<ul class=\"cfct-module-loop-subpages menu nav\">\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/executive-summary\/\">Executive Summary<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/economic-impact-study-introduction\/\">Introduction<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/overall-economic-impact-of-uw-system-on-the-wisconsin-economy\/\">Overall Economic Impact of UW System on the Wisconsin Economy<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/uw-system-impact-on-jobs-in-wisconsin\/\">UW System Impact on Jobs in Wisconsin<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/uw-system-impact-on-state-and-local-taxes\/\">UW System Impact on State and Local Taxes<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/who-benefits-from-uw-system-economic-activity\/\">Who Benefits from UW System Economic Activity?<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/leveraging-state-investment-in-the-uw-system\/\">Leveraging State Investment in the UW System<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/uw-system-economic-impact-beyond-the-traditional-numbers\/\">UW System Economic Impact: Beyond the Traditional Numbers<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/methodology-for-this-study\/\">Methodology for this Study<\/a><\/li>\n\t\t\t\t\t\t<li ><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/conclusion-and-context\/\">Conclusion and Context<\/a><\/li>\n\t\t\t\n\t\t\t\t\t<\/ul><!-- \/cfct-module-loop-subpages menu nav -->    <\/nav>\n<\/div>\n<\/div>\n\t\t\t<\/div><\/div><div class=\"col-md-9 cfct-block\">\n\t\t\t<div class=\"cfct-module cfct-heading\">\n\t\t\t\t<h1 class=\"cfct-mod-title\">Overall Economic Impact of UW System on the Wisconsin Economy<\/h1>\n\t\t\t<\/div>\n\t\t\t<div class=\"cfct-module uwsa-rich-text\">\n\t\t\t\t<div class=\"cfct-mod-content copy\"><p><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/UWPLATT-100216139-16_cropped.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-1041\" src=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/UWPLATT-100216139-16_cropped-258x300.jpg\" alt=\"Photo of UW-Platteville student in lab\" width=\"258\" height=\"300\" srcset=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/UWPLATT-100216139-16_cropped-258x300.jpg 258w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/UWPLATT-100216139-16_cropped-768x894.jpg 768w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/UWPLATT-100216139-16_cropped-880x1024.jpg 880w\" sizes=\"auto, (max-width: 258px) 100vw, 258px\" \/><\/a>The UW System had an economic impact of over $24 billion for the 2016-17 fiscal year. The largest source of this economic impact comes from the direct spending (and\u00a0subsequent indirect and induced spending cycles) of UW System campuses. Spending on\u00a0operations, as well as employee salaries and benefits (subsequently spent in local and\u00a0regional economies &#8211; see Figure 1), accounted for nearly $12 billion of UW System\u2019s overall<br \/>\neconomic impact.<\/p>\n<p>The second largest contributor to UW System\u2019s economic impact is UW Hospitals and\u00a0Clinics, an organization long affiliated with the University of Wisconsin\u2013Madison. UW\u00a0Hospitals was established as a public authority in 1996 but has deep and continuing ties to\u00a0the UW School of Medicine and Public Health. UW Hospitals accounted for $3.5 billion of\u00a0UW System\u2019s overall economic impact in the 2016-17 fiscal year.<\/p>\n<p>The third largest contributor to UW System\u2019s economic impact is startup companies, many of which are founded by professors and staff conducting research at the UW System. The data in this calculation comes from startups out of UW-Madison. Approximately 350 startups came from UW-Madison and accounted for $3 billion of the UW System\u2019s overall economic impact.<\/p>\n<p>Additional startup and established companies located in UW Research Park in Madison,\u00a0Wis., accounted for $1.1 billion of the UW System\u2019s impact on Wisconsin\u2019s economy\u00a0in 2016-17.<\/p>\n<p>The next largest contributor to UW System\u2019s economic impact is the spending of UW\u00a0students who are located on campuses across the state. With 2016-17 fall enrollment\u00a0slightly above 175,000, student spending accounted for $2.2 billion of the UW System\u2019s\u00a0overall economic impact.<\/p>\n<p>Another large contributor to UW System\u2019s economic impact is visitor spending. Visitors\u00a0include sports fans, conference attendees, service workers and vendors, film and music\u00a0event attendees, parents and relatives visiting students, visitors to UW employees,\u00a0visitors to UW hospital patients, prospective students and parent visitors, and sports\u00a0camp attendees. The overall economic impact of these visitors in 2016-17 was\u00a0nearly $2 billion.<\/p>\n<p>The last contributing sector is affiliated UW System organizations. These affiliated\u00a0organizations include foundations, intellectual property organizations, sports related\u00a0entities, and other affiliates. This sector, which is largely composed of non-profit\u00a0organizations, contributed $316 million to the UW System\u2019s 2016-17 economic impact.<\/p>\n<\/div>\n\t\t\t<\/div>\n\t\t\t<div class=\"cfct-module cfct-module-image\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"504\" height=\"432\" src=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/Fig1_MajorContributors.jpg\" class=\"cfct-mod-image cfct-module-image-mod-image alignnone \" alt=\"Image of Figure 1. Major Contributors to UW System Economic Impact: UW System Campuses 50%, UW Hospitals 15%, Startups 13%, Student Spending 9%, Visitor Spending 8%, UW Research Park 4%, Affiliated Organizations 1%\" srcset=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/Fig1_MajorContributors.jpg 504w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/Fig1_MajorContributors-300x257.jpg 300w\" sizes=\"auto, (max-width: 504px) 100vw, 504px\" \/>\n\t\t\t<\/div><\/div><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t","protected":false},"excerpt":{"rendered":"","protected":false},"author":44,"featured_media":0,"parent":895,"menu_order":2,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-900","page","type-page","status-publish","hentry","cfct-can-haz-build"],"_links":{"self":[{"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/900","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/comments?post=900"}],"version-history":[{"count":25,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/900\/revisions"}],"predecessor-version":[{"id":1339,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/900\/revisions\/1339"}],"up":[{"embeddable":true,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/895"}],"wp:attachment":[{"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/media?parent=900"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}