EPS joined staff from the University of California, Office of the President (UCOP), to present its recently completed economic study to the UC Board of Regents at their meeting in San Francisco on Thursday, September 15, 2011. The comprehensive EPS study prepared for the UCOP evaluates and documents the range of economic effects that UC’s educational programs, services, and research have on the State’s economy. The EPS report has also been posted on the UCOP Home Page and is accompanied by a press release and a colorful executive briefing document prepared by UCOP public relations (see Economic Impact). EPS joined Nathan Brostrom, Executive Vice President, Business Operations at UCOP, to present and respond to the Regents questions.
The EPS report, entitled “The University of California’s Economic Contribution to the State of California,” represents the first of a two-phased research effort that will better inform policy makers and the public at large about UC’s significant role in California’s economy. The secondary economic impact analysis will focus mainly on UC’s role in fostering innovation and research and in leveraging outside founding, UC’s contribution to developing the State’s human capital, and its creation of new spin-off firms and ancillary businesses.