Degree to Which the Institution
(and its Students, Alumni, Faculty, etc.) Contributes to its
Local Community, the Region and the State
Apart from the benefits which accrue directly from
the threefold mission of Rutgers (instruction, research, and
service) there are other important economic gains to the state
and its citizens that result from the presence of Rutgers, its
faculty, students, and staff in New Jersey. The university is
a major center whose activities are essential to the economic
well-being of the communities that surround its campuses, to
the state, and to the larger region. Some of these benefits,
particularly the economic benefits, are too often unrecorded
In the 1993 Economic Impact Study, "Return
on the Investment: The Economic Benefit of Rutgers University
to the Citizens of New Jersey," the following facts were
The $380.6 million the state
invests in Rutgers is leveraged with other income sources, resulting
in $2.05 billion being spent in the New Jersey economy, over
five times the state's original investment.
Even though Rutgers is New Jersey's
state university, less than half of Rutgers' total budget actually
comes from state funding.
Apart from its own workforce,
Rutgers' activities and expenditures generate nearly 8,000 jobs
in New Jersey; a 1997 update of New Jersey economic data increases
the impact of Rutgers' activities and expenditures on indirect
job creation by 27%.
Rutgers' employees, students,
and visitors accounted for over $46 million of New Jersey's tax
revenues stay in New Jersey and contribute to the state's economy.
Some other indicators signaling the tangible contributions
of Rutgers to the state include:
Rutgers confers approximately
10,000 degrees each year. A majority of these Rutgers graduates
stay in New Jersey and contribute to the state's economy and
Through its Advanced Technology
Centers, Rutgers generates research that supports New Jersey
industries, effectively bridging the gap between theory and practice.
Rutgers faculty actively contribute
their time and energy in countless areas of New Jersey life as
part of their tri-partite responsibility of teaching, research,
In Money Magazine's "1997
College Guide" issue, Rutgers-New Brunswick was rated as
the 14th best value in both academic quality and price in the
country. U.S. News and World Report in their 1997 edition
of ranking colleges and universities rated Rutgers-Newark as
the most diverse institution of higher education and Rutgers-New
Brunswick as the 16th best public university. Rutgers-Camden
placed third among the top regional public universities in the
north in the U.S. News rankings.
In partnership, the state and the university continue
to make enormous gains. These gains translate into an investment
in the future of the state and the well-being of its citizens.
The true return on this investment comes in the education provided
by the university which makes for a more skilled workforce and
better informed citizenry; in the research which provides New
Jersey businesses with a competitive edge and which helps solve
medical and social problems confronting us; and in the public
service which improves the quality of life for New Jersey citizens.
The side benefit from the state's investment is the economic
activity that Rutgers generates. This activity in turn stimulates
the state and local economies.