Posted 11/27/2023, 7:55:44 PM
Cal Poly's Economic Boom: University's Impact Soars to $2.6 Billion, Boosting Jobs and Fueling Central Coast Growth
- Cal Poly's economic impact on the Central Coast is now $2.6 billion annually, an 85% increase since 2014
- The biggest economic boost comes from Cal Poly's development of an educated workforce, accounting for $1.4 billion
- Lack of housing stock has limited Cal Poly's enrollment growth between 20,000-22,000 students
- The study forecasts Cal Poly's economic impact growing to $3.44 billion by 2034 if enrollment capacity increases to 25,000
- Cal Poly student entrepreneurs have created 1,000 local jobs and over $250 million in capital through the Cal Poly Center for Innovation and Entrepreneurship