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The University of Hawaii generated $1.1 billion in economic activity in the state last fiscal year, university president Kenneth Mortimer said today. Study: UH pays
big dividends for islesFor every $1 million from
the state, UH creates 77 jobs,
says the studyStar-Bulletin staff
That figure represents nearly 4 percent of all business sales and total employment in the state, he said.
"The state's investment in UH pays big dividends. Nothing else comes close," Mortimer said in a press release announcing details of the study commissioned by the university and the state Department of Business and Economic Development.
For every $1 million of state general funds invested in the UH, 77 full time-equivalent jobs are generated, said the report, produced by UH economic Professor James Mak and his colleagues.
Mak said the UH fosters new businesses, assists existing ones, creates long-term job growth, among other benefits.
Total spending in the University of Hawaii system was $730.4 million, of which $380 million came from the state general fund.
Total UH-related expenditures generated directly and indirectly were $1.6 billion in business sales, about 29,000 jobs and $183 million in state and local taxes, the study showed.
University of Hawaii
