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The Regional Economic Impacts

of

Idaho State University, 1996

Dr. Richard Bowen, President of Idaho State University, requested the Center for

Business Research to conduct a study of the impact of the University on Idaho,

with particular emphasis on its regional impacts upon the Pocatello area. This

publication reports the findings and results of that effort, which was begun in

the fall of 1997.

This report is a follow-up to, and a complete revision of, a previous study

conducted in 1988 (”A Report to the President of Idaho State University: The

Impact of University-related Expenditures on Idaho’s Economy, 1986-87). For

several reasons, the direct comparison of the findings of the two reports is not

advised.

Specifically, the present report utilizes multipliers refined and updated by the

Regional Science Research Institute, while the previous report relied upon

Input-Output estimates generated by the US Bureau of Economic Analysis, Regional

Input-output Measurement System (RIMS). Secondly, the focus and emphasis of the

present report is on the Pocatello area economy, while the 1988 study emphasized

state level impacts. Third, the present report attempts to discount those

impacts generated by permanent area residents, attempts to estimate a “return on

investment” for the State of Idaho, and makes other refinements or improvements

to the 1988 approach.

Paul R. Zelus, Ph.D., directed the study, and was ably assisted first by Nancy

L. Kelly and then Walter Bulawa, Ph.D., Research Associates of the Center for

Business Research at Idaho State University. Acknowledgement is also extended to

the many campus officials who provided the often tedious and detailed

information needed to conduct the study. The many faculty, staff, and students

who responded to expenditure surveys are acknowledged for the critical

information they provided.

This project was aided immeasurably by the shared experiences of researchers

from Boise State University, Northern Arizona University and the University of

Virginia. In that order, I acknowledge the helpful comments and advice of Dr.

Charles Skoro, Dr. Jerry Conover and Dr. John Knapp.

Paul R. Zelus, Ph.D.

Project Director

Table of Contents

Executive Summari

Institutional Expenses

Faculty and Staff Spending

Student Expenditures

Visitor Expenditures

Impact Assessment

Executive Summary

This study provides estimates of the economic impact of Idaho State University

on the regional economy of the Pocatello area. During the 1996 academic year

Idaho State University employed 657 full and part time faculty and 1,156 full

and part time staff employees, with wages and benefits totaling $47 million. It

served 12,245 students enrolled in a variety of courses and programs of study.

The University operated on an annual budget of $149 million, of which $72

million was provided by the State of Idaho in the form of appropriations. Nearly

$45 million of its revenue represents federal scholarship and student

assistance, while another $22 million is received through student tuition and

fees. The remainder of revenue comes from private and miscellaneous sources.

Direct local expenditures on the part of the university and its faculty/staff,

students and out-of-area visitors exceeded $215 million.

Institutional expenditures within the Pocatello economy exceeded $23 million

for purchases of professional services ($5.4 million), communication and

utility services ($1.9 million), materials, supplies and equipment ($5.3

million), land and buildings ($6.6 million), and miscellaneous purchases

($4.2 million), representing 59% of all institutional purchases.

Faculty and staff households paid $11 million in taxes and purchased an

estimated $21 million in goods and services based on wages totaling $36

million.

The households of students residing in dormitories, in private residences

within the Pocatello area, and in private residences outside of the

Pocatello area made local purchases totaling $156 million

Out of area visitors spent an estimated $7 million on local purchases of

goods and services.

The indirect and inducted effects of $215 million in local spending stimulates

an additional $76 million in regional economic activity, for a total estimated

economic impact of $291 million.

Permanent residents account for approximately $101 million o f that total, with

the remaining $191 million in area expenditures attributed to the university’s

presence.

Considering the State of Idaho’s annual budgeted investment of $72 million and

its currently valued investment of $149 million in lands, buildings, and

equipment, the aforementioned regional expenditures of $191 million represent a

return on investment of approximately 87%.

Based on lifetime earnings differentials, ISU graduates maintaining a permanent

residence within Idaho are estimated to add to their lifetime earnings by an

aggregated $498 million over 40 years ($307 million if presently valued).

Institutional Expenses

Highlights

Idaho State University annually purchases more than $23 million in goods and

services from Pocatello area businesses.

Idaho firms receive 66% of the University’s institutional purchases with 59%

going to Pocatello area firms.

Approach

Records of University expenditures were obtained from the University

Comptroller. Idaho State University (ISU) issued more than 35,000 checks during

the 1995-96 academic year, excluding payroll checks to faculty and staff. Each

check was classified by vendor zip code and type of service or product

purchased. The dozens of expenditure types were then summarized into the five

categories reported in Table 1. Zip code classifications were used to identify

those expenditures that were made within the state of Idaho and those that were

made within Bannock County.

Table 1: Idaho State University, 1995-96 ExpendituresWithin Bannock

CountyWithin Idaho

Expenditure CatagoryAmountPctAmountPctTotal

Professional Services$5,475,77164%$6,699,26378%$8,613,647

Communications & Utilities$1,990,65645%$3,615,04382%$4,393,939

Insurance, Land & Buildings$6,652,55179%$6,652,55179%$8,429,554

Materials, Supplies & Equipment$5,363,40546%$5,406,87346%$11,697,428

Miscellaneous Purchases$4,240,14659%$4,289,05460%$7,170,258

Total Institutional

Expenditures$23,722,53059%$26,662,78466%$40,304,826

Since many larger vendors maintain local offices for billing purposes only,

there may be considerable leakage outside of the Bannock County and Idaho areas.

The fact that a given vendor’s mailing address is within Pocatello or even

within Idaho does not guarantee that a local economic impact has occurred.

Every effort has been made to include only the purchases of real goods and

services. Excluded are all payments to students, fringe benefits purchased for

employees, federal loans and monies which “pass through” the university from

outside sources, payments to escrow accounts, and various adjustments made

during the auditing process.

Institutional Expenditure Patterns

As shown in Table 1, Idaho State University contributes more than $23 million

annually to the local Pocatello economy through its purchases of goods and

services from area businesses. This represents 59% of all such purchases made by

the University. An additional $3 million was spent within Idaho but outside of

Bannock County. The remaining $14 million in purchases was made outside of the

state.

The University purchased more than $8.6 million in professional services during

1995-96. Three-fourths of this amount was used to purchase legal, accounting,

advertising, and architectural services from Idaho firms, with Pocatello-based

companies receiving $5.4 million or 64% of the category total.

Almost all (82%) of the University’s $4.3 million annual expenditure for

communications and utilities reflects purchases made within the state of Idaho.

Pocatello-based firms account for $1.9 million (45%) of this amount. The total

includes telephone, gas and electric utility purchases. Whether these purchases

accrue to Pocatello or to some other regional Idaho economy is difficult to

assess, given the previously stated caution regarding regional offices and

billing addresses.

During 1995-96, the University made significant purchases of land and buildings

($6.6 million), all of which are located within the Pocatello economic area.

Nearly all of the remaining $1.8 million from this category involves the

purchase of insurance policies and services from companies located outside of

the state of Idaho.

Supplies and equipment combine to make up the single largest category of

University expenditures. More than $11.6 million is expended annually on a

variety of office supplies, scientific laboratory supplies and equipment, and a

myriad of education-related supplies. These materials and supplies comprise

about $5.2 million of the category total, with the remaining $6.4 million

devoted to data processing, computing, and transportation purchases. Nearly half

(46%) of the combined total of $11.6 million is expended within the Pocatello

area, with almost the entire remaining amount going to out-of-state firms.

The University operates several auxiliary enterprises, which have their own

budgets and produce their own revenue. Examples include food services, student

housing, the University bookstore and the University’s motor pool operations.

Combined, these auxiliary services receive about $20 million in customer revenue

from students, faculty and staff, from university departments, and from

customers outside of the University. To the extent that these auxiliary

enterprises make purchases of goods for resale, those purchases are considered a

part of the University’s expenditure contribution to Idaho’s economy. Nearly

$2.4 million in Idaho purchases are made annually by the University’s various

auxiliary services, with $1.3 million being expended in the Pocatello area

economy. The above expenditures for the purchases of resale goods by the

University’s auxiliary enterprises are a part of the $7.1 million reported as

Miscellaneous Purchases in Table 1.

Miscellaneous expenditures, other than purchases for resale, involve about $4.7

million for maintenance and repair of the University’s buildings and equipment.

About $2.3 million of such expenditures are made within the Pocatello economy

for such things as cleaning, janitorial, and repair contracts.

Faculty & Staff Spending

Highlights

Faculty and staff households receive $36 million in wages and $10 million in

employee benefits.

Disposable income after taxes results in $25 million in purchases of food,

shelter, clothing and other consumer items.

The more than $11 million in taxes paid by ISU faculty and staff help

purchase an array of governmental services that benefit the entire

community.

Approach

Faculty and staff salary and benefit totals for the 1995-96 academic year were

obtained from the University Comptroller. Household expenditures were estimated

using data from previous studies of the spending patterns of Southeast Idaho

families and sub-populations, including the workforce at the Idaho National

Engineering and Environmental Laboratory1. The household expenditures of ISU

faculty and staff were calculated by applying the proportions derived from these

studies to the ISU faculty and staff salary totals. While different income

levels and varying lifestyles make it inappropriate to assume that the

calculated spending pattern applies to each and every ISU employee, its

application to derive an expenditure pattern illustrative of the entire faculty

and staff population is reasonable.

Spending Patterns

A total of 657 faculty and 1,156 staff received wages of $36.3 million during

the 1995-96 academic year. Full time employees include 510 faculty and 882

staff. Included in the part time totals are 147 faculty and 274 classified and

exempt employees. In addition to salaries, the university provided $10.1 million

in employee benefits, including its calculated portion of Social Security

(FICA), pension contributions and medical benefits.

Table 2 depicts the salary totals and the estimated aggregate expenditures made

by ISU faculty and staff. The spending for each expense type reflects the

proportions that a typical Southeast Idaho family has been determined to spend,

and is illustrated in Figure 2.

Table 2: Faculty and Staff Salary ExpendituresRecipientSalary

Faculty$19,702,878

Staff$16,630,221

Total$36,333,099

Expense TypeAmount

Taxes: Federal, State & Local$11,204,328

Housing$5,616,427

Food$3,819,238

Transportation$4,353,696

Clothing$3,172,350

Medical$2,338,360

Recreation$1,692,312

Donations & Gifts$871,746

Miscellaneous$3,264,643

Expenditures for food, clothing and transportation total $11.3 million annually,



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