In FY 2018-19, UCA added $1.01 billion in income to the Arkansas economy, a value approximately equal to 0.8% of the state’s total gross state product (GSP). Expressed in terms of jobs, UCA’s impact supported 19,506 jobs. For perspective, the activities of UCA and its students support one out of every 85 jobs in Arkansas.
The analysis considers UCA as an investment from the perspectives of students, taxpayers, and society in Arkansas.
* The rate of return is not reported for the social perspective because the beneficiaries of the investment are not necessarily the same as the original investors.
Data and assumptions used in the study are based on several sources, including the FY 2018-19 academic and financial reports from UCA, the university’s alumni records matched to Emsi’s Alumni Outcomes database, industry and employment data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau, outputs of Emsi’s Multi-Regional Social Accounting Matrix model, and a variety of studies and surveys relating education to social behavior. The study applies a conservative methodology and follows standard practice using only the most recognized indicators of economic impact and investment effective- ness. For a full description of the data and approach used in the study, please contact the university for a copy of the main report.
Emsi is a labor market analytics firm that integrates data from a wide variety of sources to serve professionals in higher education, economic development, workforce development, talent acquisition, and site selection. Emsi is a leading provider of economic impact studies and labor market data to educational institutions in the U.S. and internationally. Since 2000, Emsi has completed over 2,000 economic impact studies for institutions across three countries. For more information about Emsi’s products and services, visit www.economicmodeling.com.