Economic Impact – USC
Economic Impact - USC USC News
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Economic Impact Study Highlights
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.
The analysis conducted by Beacon Economics examines those economic and social impacts of USC from the vantage point of Los Angeles County, Southern California and the state of California. The study was based on 2015-2016 fiscal year data.
Download the complete 2017 study
SDGs, Targets, and Indicators in the Article
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SDG 8: Decent Work and Economic Growth
- Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% GDP growth per annum in the least developed countries.
- Indicator 8.1.1: Annual growth rate of real GDP per capita.
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SDG 9: Industry, Innovation, and Infrastructure
- Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all.
- Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road.
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SDG 11: Sustainable Cities and Communities
- Target 11.4: Strengthen efforts to protect and safeguard the world’s cultural and natural heritage.
- Indicator 11.4.1: Total expenditure (public and private) per capita spent on the preservation, protection, and conservation of all cultural and natural heritage.
Explanation of Findings
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SDG 8: Decent Work and Economic Growth
The article highlights the economic impact of the University of Southern California (USC) on the Los Angeles area, emphasizing the billions of dollars spent each year to support the university’s mission. This aligns with SDG 8, which aims to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all. Specifically, the article addresses the economic impact of USC’s operations, indicating progress towards Target 8.1 of sustaining per capita economic growth.
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SDG 9: Industry, Innovation, and Infrastructure
The article mentions USC’s impact beyond the classroom into research and medicine, indicating its contribution to innovation and infrastructure development. SDG 9 focuses on building resilient infrastructure, promoting inclusive and sustainable industrialization, and fostering innovation. The article indirectly relates to Target 9.1, which aims to develop quality, reliable, sustainable, and resilient infrastructure to support economic development and human well-being.
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SDG 11: Sustainable Cities and Communities
The article mentions USC’s impact on culture and community partnerships, indicating its contribution to sustainable cities and communities. SDG 11 aims to make cities and human settlements inclusive, safe, resilient, and sustainable. The article indirectly relates to Target 11.4, which focuses on strengthening efforts to protect and safeguard the world’s cultural and natural heritage.
Table: SDGs, Targets, and Indicators
| SDGs | Targets | Indicators |
|---|---|---|
| SDG 8: Decent Work and Economic Growth | Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7% GDP growth per annum in the least developed countries. | Indicator 8.1.1: Annual growth rate of real GDP per capita. |
| SDG 9: Industry, Innovation, and Infrastructure | Target 9.1: Develop quality, reliable, sustainable and resilient infrastructure, including regional and transborder infrastructure, to support economic development and human well-being, with a focus on affordable and equitable access for all. | Indicator 9.1.1: Proportion of the rural population who live within 2 km of an all-season road. |
| SDG 11: Sustainable Cities and Communities | Target 11.4: Strengthen efforts to protect and safeguard the world’s cultural and natural heritage. | Indicator 11.4.1: Total expenditure (public and private) per capita spent on the preservation, protection, and conservation of all cultural and natural heritage. |
Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.
Source: usc.edu
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