Economic Impact

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<div class="lr--layout-region lr--main"> <div class="content-wrapper"> <article class="post-type-page" id="post-1439"> <div class="article-content"> <div class="article-body"> <div class="cc--component-container cc--hero-title-with-summary " > <div class="c--component c--hero-title-with-summary" > <div class="f--field f--page-title"> <h1>Economic Impact</h1> </div> <div class="f--field f--description"> <div class="cc--component-container cc--intro-text "> <div class="c--component c--intro-text"> <div class="f--field f--description"> <p>USC is one of California’s most robust economic engines. Quantified by a 2017 independent economic impact study, the University of Southern California is an instrumental driver of growth for the state, generating around $8 billion in economic activity annually in the Los Angeles region and across California, and is projected to generate an estimated $80 billion statewide through 2028.</p> </div> </div> </div> </div> </div></div> <div class="cc--component-container cc--rich-text " > <div class="c--component c--rich-text" > <div class="f--field f--wysiwyg"> <div class="f--field f--section-title"> <h2>Economic Impact Study Highlights</h2> </div> <p class="p1">Since its founding in 1880, the University of Southern California has established a vast, lasting imprint on the Los Angeles area, extending far beyond the classroom into research, medicine, culture and community partnerships. The large scale of USC’s operations — the university is home to more than 45,000+ students across 23 academic schools and units — extends its positive effects well beyond Los Angeles to much of the rest of California and beyond. Billions of dollars are spent each year to support the university’s mission, generating a substantial impact on the economy. At the same time, thousands of staff and volunteers support additional activities that generate enormous social impacts, most significantly in the Los Angeles area.<span class="Apple-converted-space"> </span>The analysis conducted by Beacon Economics examines those economic and social impacts of USC from the vantage point of Los Angeles County, Southern California<span class="s1"><b> </b></span>and the state of California. The study was based on 2015-2016 fiscal year data.</p> <h3 class="p1"><a class="cta-link" href="https://www.usc.edu/wp-content/uploads/2023/03/USC_EIR_FINAL-1.pdf"><strong>Download the complete 2017 study</strong></a></h3> </div> </div></div> <div class="cc--component-container cc--full-width-image-and-text " > <div class="c--component c--full-width-image-and-text" > <div class="image-container"> <div class="f--field f--image"> <img data-src="https://www.usc.edu/wp-content/uploads/2023/03/40905751161_1370bcfaf2_o-1-768x432.jpg" data-srcset="https://www.usc.edu/wp-content/uploads/2023/03/40905751161_1370bcfaf2_o-1-1920x1080.jpg 1920w,https://www.usc.edu/wp-content/uploads/2023/03/40905751161_1370bcfaf2_o-1-1280x720.jpg 1280w,https://www.usc.edu/wp-content/uploads/2023/03/40905751161_1370bcfaf2_o-1-768x432.jpg 768w" data-sizes="(min-width:1200px) 75vw, (min-width:768px) 83vw, 100vw" class="lazyload" alt="USC and Downtown Los Angeles scenic." /> </div> </div> <div class="text-container"> <div class="f--field f--section-title"> <h2>$7.44 billion</h2> </div> <div class="col"> <div class="f--field f--description"> <p><span class="s1">Of the $7.44 billion in economic output generated in Southern California, $3.94 </span>billion represented direct spending related to USC, while $3.5 billion represented secondary spending by businesses and workers down the USC supply chain.</p> </div> </div> </div> </div></div> <div class="cc--component-container cc--statistics " > <div class="c--component c--statistics" > <div class="stats-container"> <div class="stat"> <h3>$3.74 billion</h3> <p><p>Total direct spending in the state</p> </p> <span></span> </div> <div class="stat"> <h3>$2.91 billion</h3> <p><p>Total worker wages in California</p> </p> <span></span> </div> <div class="stat"> <h3>$562.8 million</h3> <p><p>Total USC-related student expenditures</p> </p> <span></span> </div> </div> </div></div> <div class="cc--component-container cc--full-width-image-and-text text-left" > <div class="c--component c--full-width-image-and-text" > <div class="image-container"> <div class="f--field f--image"> <img data-src="https://www.usc.edu/wp-content/uploads/2023/03/9080009846_4d5f716c99_o-768x432.jpg" data-srcset="https://www.usc.edu/wp-content/uploads/2023/03/9080009846_4d5f716c99_o-1920x1080.jpg 1920w,https://www.usc.edu/wp-content/uploads/2023/03/9080009846_4d5f716c99_o-1280x720.jpg 1280w,https://www.usc.edu/wp-content/uploads/2023/03/9080009846_4d5f716c99_o-768x432.jpg 768w" data-sizes="(min-width:1200px) 75vw, (min-width:768px) 83vw, 100vw" class="lazyload" alt="A Keck Medicine of USC nurse attends to an elderly patient in a hospital room." /> </div> </div> <div class="text-container"> <div class="f--field f--section-title"> <h2>$2.19 billion</h2> </div> <div class="col"> <div class="f--field f--description"> <p>USC’s operation g<span class="s1">enerated a total of </span><span class="s2">$2.19 billion </span>in worker wages in Los Angeles County, <span class="s2">$2.6 billion </span>in worker wages in Southern California and <span class="s2">$2.91 billion </span>in worker wages in California<span class="Apple-converted-space">.</span></p> </div> </div> </div> </div></div> <div class="cc--component-container cc--statistics " > <div class="c--component c--statistics" > <div class="stats-container"> <div class="stat"> <h3>$514 million</h3> <p><p>Total USC expenditures in L.A. County</p> </p> <span></span> </div> <div class="stat"> <h3>$455 million</h3> <p><p>Total USC contribution to tax revenues for local and state government across California</p> </p> <span></span> </div> <div class="stat"> <h3>$37.9 million </h3> <p><p>Estimated visitor expenditures to the Los Angeles area who attended USC events</p> </p> <span></span> </div> </div> </div></div> <div class="cc--component-container cc--full-width-image-and-text " > <div class="c--component c--full-width-image-and-text" > <div class="image-container"> <div class="f--field f--image"> <img data-src="https://www.usc.edu/wp-content/uploads/2023/03/24308254879_7b982194ff_o-768x432.jpg" data-srcset="https://www.usc.edu/wp-content/uploads/2023/03/24308254879_7b982194ff_o-1920x1080.jpg 1920w,https://www.usc.edu/wp-content/uploads/2023/03/24308254879_7b982194ff_o-1280x720.jpg 1280w,https://www.usc.edu/wp-content/uploads/2023/03/24308254879_7b982194ff_o-768x432.jpg 768w" data-sizes="(min-width:1200px) 75vw, (min-width:768px) 83vw, 100vw" class="lazyload" alt="USC Village spire is installed during construction." /> </div> </div> <div class="text-container"> <div class="f--field f--section-title"> <h2>$514 million</h2> </div> <div class="col"> <div class="f--field f--description"> <p><span class="s1">USC expended $514.2 million on capital projects in Los Angeles County. </span>These included expenditures made to construction firms, suppliers, and management and technical consulting firms.</p> </div> </div> </div> </div></div> <div class="cc--component-container cc--insight-cards " > <div class="c--component c--insight-cards" > <div class="cards-container"> <div class="card"> <div class="f--field f--image"> <img data-src="https://www.usc.edu/wp-content/uploads/2023/03/michelson-center-video-still-320x320.png" data-srcset="https://www.usc.edu/wp-content/uploads/2023/03/michelson-center-video-still-768x768.png 768w,https://www.usc.edu/wp-content/uploads/2023/03/michelson-center-video-still-320x320.png 320w" data-sizes="(min-width:1024px) 50vw, (min-width:768px) 100vw, 100vw" class="lazyload" alt="A brain scan from an MRI machine." /> </div> <div class="text-container"> <h3> $697 million </h3> <div class="f--field f--description"> <p>The University of Southern California also attracted $697 million in sponsored research to fund studies in biotech, public health, biomedical engineering, cancer and Alzheimer’s disease, among others.</p> </div> </div> </div> <div class="card"> <div class="f--field f--image"> <img data-src="https://www.usc.edu/wp-content/uploads/2023/03/7316785240_e53ba31034_o-320x320.jpg" data-srcset="https://www.usc.edu/wp-content/uploads/2023/03/7316785240_e53ba31034_o-768x768.jpg 768w,https://www.usc.edu/wp-content/uploads/2023/03/7316785240_e53ba31034_o-320x320.jpg 320w" data-sizes="(min-width:1024px) 50vw, (min-width:768px) 100vw, 100vw" class="lazyload" alt="USC's Trojan Football team fans fill the Los Angeles Memorial Coliseum to capacity to watch the USC Trojans challenge its opponent." /> </div> <div class="text-container"> <h3> $37.9 million </h3> <div class="f--field f--description"> <p>An estimated $37.9 million is pumped into the local economy through visitors attending USC events such as football games at the L.A. Memorial Coliseum, the L.A. Times Festival of Books and USC’s commencement ceremony.</p> </div> </div> </div> <div class="card"> <div class="f--field f--image"> <img data-src="https://www.usc.edu/wp-content/uploads/2023/03/16273785461_d4a3c5078c_o-320x320.jpg" data-srcset="https://www.usc.edu/wp-content/uploads/2023/03/16273785461_d4a3c5078c_o-768x768.jpg 768w,https://www.usc.edu/wp-content/uploads/2023/03/16273785461_d4a3c5078c_o-320x320.jpg 320w" data-sizes="(min-width:1024px) 50vw, (min-width:768px) 100vw, 100vw" class="lazyload" alt="USC Auxiliary Services staff members answering questions during a job fair." /> </div> <div class="text-container"> <h3> Jobs Generated </h3> <div class="f--field f--description"> <p>USC is the largest private employer in the city of Los Angeles.</p> </div> </div> </div> </div> </div></div> </div> </div> </article> </div> </div> </div> </div> </div> </div>  </section>  </div> </div> </main> <footer id="footer" aria-label="Site Footer"> <div class="cc--component-container 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