{"id":914,"date":"2018-08-15T16:20:10","date_gmt":"2018-08-15T21:20:10","guid":{"rendered":"https:\/\/www.wisconsin.edu\/economic-development\/?page_id=914"},"modified":"2018-08-16T14:42:40","modified_gmt":"2018-08-16T19:42:40","slug":"conclusion-and-context","status":"publish","type":"page","link":"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/conclusion-and-context\/","title":{"rendered":"Conclusion and Context"},"content":{"rendered":"\n\t\t\t\t\t<div id=\"cfct-build-914\" 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\">Conclusion and Context<\/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>Many economic impact studies contain\u00a0very large numbers that may be hard to\u00a0put into context. For example, what does\u00a0it mean if the economic impact of the UW\u00a0System is $24 billion on an annual basis?\u00a0Or what does 167,000 jobs mean to the\u00a0average person in Wisconsin?<\/p>\n<blockquote><p>1 in 20 Wisconsin jobs\u00a0are related to UW System\u00a0economic activity<\/p><\/blockquote>\n<p>The size of the UW System economic\u00a0impact can be reported in terms of its\u00a0proportion of the entire amount of economic activity in Wisconsin. For 2017, the value of\u00a0all goods and services produced by Wisconsin workers was $313 billion. The UW System\u00a0economic activity in 2016-17 amounts to 7.7% of the total economic activity in the state. In\u00a0other words, UW System activity amounts to $7.70 for each $100 of economic activity in\u00a0the state.<\/p>\n<p>It is also useful to look at the jobs generated by UW System activity in the context of the\u00a0entire Wisconsin workforce and total employment. Wisconsin\u2019s workforce numbers about\u00a03.16 million workers of whom about 3.06 million are employed. The nearly 167,000 jobs\u00a0generated or supported by UW System economic activity represents 5.5% of the total number\u00a0of employed workers in Wisconsin. Stated another way, about 1 in 20 jobs are related to UW\u00a0System economic activity in the state.<\/p>\n<blockquote><p>The UW System accounts\u00a0for $7.70 of each $100\u00a0of economic activity in\u00a0Wisconsin.<\/p><\/blockquote>\n<p>In summary, the numbers reported in this study\u00a0are large and very important to the Wisconsin\u00a0economy. UW System campuses and related\u00a0organizations and activities constitute one of\u00a0the largest enterprises in the state. In total,\u00a0they produce an annual economic impact of\u00a0over $24 billion. They further generate nearly\u00a0167,000 jobs and over $1.1 billion in state and\u00a0local taxes.<\/p>\n<p><a href=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/PKS_Graduation_20170513an_73702.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-1126\" src=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/PKS_Graduation_20170513an_73702-1024x683.jpg\" alt=\"Photo of UW-Parkside graduates\" width=\"1024\" height=\"683\" srcset=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/PKS_Graduation_20170513an_73702-1024x683.jpg 1024w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/PKS_Graduation_20170513an_73702-300x200.jpg 300w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/PKS_Graduation_20170513an_73702-768x512.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/a><\/p>\n<\/div>\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":9,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-914","page","type-page","status-publish","hentry","cfct-can-haz-build"],"_links":{"self":[{"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/914","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=914"}],"version-history":[{"count":17,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/914\/revisions"}],"predecessor-version":[{"id":1130,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/914\/revisions\/1130"}],"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=914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}