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University of Alaska: Economic Impacts & Public Perceptions - - PowerPoint PPT Presentation
University of Alaska: Economic Impacts & Public Perceptions - - PowerPoint PPT Presentation
University of Alaska: Economic Impacts & Public Perceptions Prepared for: June 3, 2016 McDowell Group Multidisciplinary research and consulting since 1972 17 professional staff; offices in Juneau & Anchorage Complete 100+
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Presentation Outline
Economic Impacts
Methodology Results
Public Perceptions
Methodology Results
Executive Interviews
Methodology Recommendations
Questions
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Economic Impact Methodology
Updates previous studies in 1998, 2004, 2007, and 2012 Considers 4 avenues of economic impact
UA employee salaries and benefits Non-personnel operational and capital expenditures Student spending Visitor spending
Analyzes
Direct impacts for FY2015 Indirect and induced impacts
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Total Economic Impact of UA System
$390 million $740 million
Indirect Spending Direct Spending
UA is an economic engine for Alaska Generated $1.1 billion in FY15
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Employment and Payroll
One of the largest employers in Alaska
7,548 direct jobs 15,740 total jobs $630 million in annual wages
State-wide employer: Ketchikan to Kotzebue Peak employment during winter
Impact Direct Indirect & Induced Total Employment Impact 8,340 7,400 15,740 Payroll Impact ($ million) $346 $284 $630
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Spending on Goods and Services
$122.6 million purchased from Alaska vendors 2,000 businesses and organizations
Spending by Location, FY15
$36,000,000 $39,000,000 $34,000,000 $14,000,000
Anchorage Fairbanks Juneau Other
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The University as an Investment
State Appropriat ions, $375.2 [CATEGOR Y NAME], [VALUE] Federal Receipts, $122.8 UA Receipts, $59.2 Auxiliary Receipts, $43.5 Other, $55.4
Revenue ($ millions)
Total Revenue = $789 million General fund appropriations comprised 48% of revenue Every $1 invested by the State generates $3 in economic activity
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Survey Methodology
Survey Sample and Margin of Error, by region
Region / Community Sample Size (n) +/- Maximum Margin of Error Southcentral 250 ±6.3% Anchorage 100 ±10.0 Interior/ Far North 253 ±6.3 Fairbanks (including North Pole) 101 ±10.0 Southeast 252 ±6.3 Juneau 100 ±10.0 Southwest 168 ±8.2 Total 923 ±3.3%
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Demographics of Sample
50% male, 48% female Average of 33 years in Alaska 42% have children or grandchildren in elementary, middle or high school 43% have received or have a family member who has received a UA degree, certificate or license Average household income of $71,900
13% earning less than $25,000
18-34 20% 35-54 33% 55-64 24% 65+ 23%
Age Distribution
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Importance to Alaska
20 40 60 80
Refused Don’t know Not at all important Not important Neutral Important Very important
In your opinion, how important is the University of Alaska to the State of Alaska?
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Impacts of the University of Alaska
Alaskans report significant, positive impacts
UA expenditures are important to local economies Alaska businesses benefit from a UA-trained workforce UA keeps Alaskans in-state and at work UA Arctic research has real-world implications and will help Alaska and the world address climate change
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Shaping the Future
0% 20% 40% 60% 80% 100%
Total Southcentral Interior/Far North Southeast Southwest
Strongly Agree Agree Disagree Strongly Disagree Don’t know Refused
The University plays a vital role in shaping Alaska’s future.
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Description of the University of Alaska
Total Southcentral Interior/ Far North Southeast Southwest Important Important Important Important Important Vital Vital Vital Accessible Vital Diverse Diverse Diverse Relevant Diverse Relevant Relevant Relevant Vital Relevant Accessible Accessible Welcoming Welcoming Welcoming Total Southcentral Interior/ Far North Southeast Southwest Bold Bold Courageous Bold Bold Courageous Courageous Bold Courageous Strategic Strategic Strategic Inspirational Strategic Courageous Distinctive Distinctive Loyal Progressive Inspirational Inspirational Inspirational Strategic Distinctive Excellent
Most Accurate Terms, by region Least Accurate Terms, by region
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Funding the University of Alaska
0% 20% 40% 60% 80% 100%
University of Alaska is a public institution and it is very important that the State invest in the University’s budget. State funding for University of Alaska has been cut for three straight years. These budget cuts will have a very negative impact on Alaska’s economy.
Strongly Agree Agree Disagree Strongly Disagree Don't Know Refused
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Executive Interview Methodology
23 Alaska leaders
Industry, trade organizations, ANCSA corporations Many connections with University of Alaska Conducted in April and May
Themes
University is integral to Alaska’s future
Greater focus on Alaska’s needs and core strengths University must be more visibly lean and coordinated
Points of pride
Forefront of petroleum engineering, aerospace program, geophysical institute, sports
Workforce development and economic diversification are priorities State financial support necessary
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Recommendations
Narrow strategic scope Integrate and coordinate campuses Reduce and control expectations Demonstrate efficiency with financial resources Focus on applied research and service Take cues from past successes Increase awareness of current successes
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Questions?
Full report includes much more!
More questions Subgroup analysis
Southcentral, Interior/Far North, Southwest, and Southeast Anchorage, Fairbanks, and Juneau Demographics: gender, income, education Alaska Native, rural, urban Alumni, previous donors, and more