{"id":971,"date":"2018-08-15T16:40:08","date_gmt":"2018-08-15T21:40:08","guid":{"rendered":"https:\/\/www.wisconsin.edu\/economic-development\/?page_id=971"},"modified":"2018-08-16T15:00:47","modified_gmt":"2018-08-16T20:00:47","slug":"executive-summary","status":"publish","type":"page","link":"https:\/\/www.wisconsin.edu\/economic-development\/economic-impact-study\/executive-summary\/","title":{"rendered":"Executive Summary"},"content":{"rendered":"\n\t\t\t\t\t<div id=\"cfct-build-971\" 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\">Executive Summary<\/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>The University of Wisconsin System plays a significant role in Wisconsin\u2019s economy. This 2018 economic impact study identifies the following\u00a0annual impact areas, based on 2016-17 fiscal year data:<\/p>\n<ul>\n<li>Total economic impact on the Wisconsin economy: $24 billion<\/li>\n<li>Number of jobs generated and supported: 167,000<\/li>\n<li>Local and state taxes generated: $1.1 billion<\/li>\n<li>Percentage of private-sector benefit: 75%, or $18 billion \u2014 Overall, private sector companies receive 75% of the economic benefit that comes from UW System activity. This amounts to $18 billion annually.<\/li>\n<\/ul>\n<p>This study updates the 2002 economic impact study completed by NorthStar Economics and indicates the University of Wisconsin System\u2019s impact\u00a0has more than doubled in that timeframe. The largest contributors to the UW System\u2019s economic impact are the UW System campuses, followed\u00a0by UW Hospitals, UW startups, UW student spending, UW visitor spending, UW Research Park, and UW affiliated organizations.<\/p>\n<p>The study shows a 23:1 return on investment for every dollar invested by the State of Wisconsin. These dollars spent in local and regional areas\u00a0generate jobs and taxes as they cycle through the local economies across the entire state.<\/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=\"768\" height=\"502\" src=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/STP_Sentry-co-op-MKleine-SFox-768x502.jpg\" class=\"cfct-mod-image cfct-module-image-mod-image alignnone \" alt=\"Photo of Matt Kleine (left), who was among the first to begin working at the Sentry IT Co-op with manager Steve Fox. A December graduate of UW-Stevens Point, Matt is now a full-time associate with Sentry Insurance. (UW-Stevens Point photo)\" srcset=\"https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/STP_Sentry-co-op-MKleine-SFox-768x502.jpg 768w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/STP_Sentry-co-op-MKleine-SFox-300x196.jpg 300w, https:\/\/www.wisconsin.edu\/economic-development\/wp-content\/uploads\/sites\/145\/2018\/08\/STP_Sentry-co-op-MKleine-SFox-1024x670.jpg 1024w\" sizes=\"auto, (max-width: 768px) 100vw, 768px\" \/>\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":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-971","page","type-page","status-publish","hentry","cfct-can-haz-build"],"_links":{"self":[{"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/971","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=971"}],"version-history":[{"count":23,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/971\/revisions"}],"predecessor-version":[{"id":1131,"href":"https:\/\/www.wisconsin.edu\/economic-development\/wp-json\/wp\/v2\/pages\/971\/revisions\/1131"}],"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=971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}