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Home > Quick Facts > Economic Impact
Last updated: Feb. 9, 2009 CALIFORNIA’S FUTURE: IT STARTS HERE Founded in 1965, UC Irvine is now recognized as one of the nation’s best research universities. It is also a vital component of one of the most diverse high-tech economies in the United States. With more than 27,000 students, UCI is among the fastest-growing campuses in the University of California system. Its broad-based mission encompasses teaching, research and public service, and its researchers look beyond the classroom and laboratory to address contemporary problems in areas ranging from the environment and transportation to healthcare and telecommunications. From the beginning, campus architect William Pereira and Irvine Co. planners linked the fortunes of the university and the community that was to become Irvine. Today, the campus and UC Irvine Medical Center enrich Orange County with a steady flow of intellectual capital, research and discoveries; some of the best healthcare in the world; and a wealth of educational and cultural opportunities. UCI receives about 17 percent of its funding from the state of California. Other funding sources include research contracts and grants, revenues from UC Irvine Medical Center, private support, and tuition and fees. Below are just some of the ways the people of California, private donors and others realize a return on their investment: Economic Impact UCI’s annual economic impact on Orange County is now measured at $4.2 billion. Employment The campus in Irvine and UC Irvine Medical Center in Orange together employ nearly 21,000 people, making UCI the county’s largest employer. Payroll The campus and UC Irvine Medical Center have a combined annual payroll of approximately $820 million and in 2008 generated about $128 million in federal and state withholding taxes. Capital Expenditures In 2007-08, the university invested more than $281 million in capital projects on campus and at the medical center. Capital Projects in Process As of fall 2008, more than $1 billion of capital investment and renewal is transforming the campus and medical center. more » Sales and Use Taxes Paid During the fiscal year that ended June 30, 2008, UCI paid about $2.7 million in sales and use tax on items ranging from medical equipment and furniture to computers and office supplies. Contracts & Grants UCI attracts hundreds of millions of dollars in contracts and grants, and in 2007-08 was awarded $328 million in external funding from federal and state agencies, and the private sector. An indispensable source of funding for graduate education and research, this money mostly stays in Orange County. Patient Care UC Irvine Medical Center and its affiliated clinics handled 524,422 outpatient visits, while the medical center staffed 101,681 inpatient days, during the fiscal year ended June 30, 2008. The medical center generated nearly $503 million in net patient revenue over the same period. The revenue covers salaries and other operating costs associated with patient care and medical education. Also during the same period, the medical center provided approximately $21 million in charity care to the Orange County community. more » Enrollment As of fall 2008, more than 27,000 students attend UCI, making it among the fastest-growing campuses in the University of California system. Alumni UCI has more than 111,000 degreed alumni, of which more than 75,000 live in California and contribute to the state’s economy as employees, employers, taxpayers and consumers. An estimated 40,000 alumni live and work in Orange County. more » Retirees More than 1,400 University of California retirees live in Orange County and receive annual retirement benefits of about $36 million. |
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2009 Facts & Figures 
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UC and the Economy
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