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Cal Poly Adds $1.4 Billion to Region’s Economy, New Study Shows

December 15,2014

Cal Poly contributes more than $1.4 billion to the economy of San Luis Obispo and Northern Santa Barbara counties, according to a new analysis prepared for the university. “Cal Poly is a vital and positive economic force on the Central Coast,” said university President Jeffrey D. Armstrong. “It is one of the region’s top employers and most stable employers, helping the area weather economic downturns.” According to the study, Cal Poly students also contribute to the community’s economic vitality. Not only do the more than 19,000 students purchase goods and services from local businesses, they also pay more than $11 million in local taxes while providing more than $2 million in volunteer labor to a host of nonprofit organizations from Paso Robles to Santa Maria. The university “plays a key role in generating, developing and stabilizing the region’s economy,” said the report, which analyzed Cal Poly’s contributions to the region based on economic data collected in the 2012-13 fiscal year. The 60-page study was conducted by San Luis Obispo-based Productive Impact LLC.

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