Oklahoma higher education is a $1.9 billion industry that
creates 82,148 direct and indirect jobs and generates $109.1
million in annual state tax revenues.
Those were economic impact figures presented Wednesday to the
Oklahoma State Regents for Higher Education by economists from
Oklahoma State University and the University of Oklahoma. The
report, which was presented in a meeting of the regents in the
Blue Room at the State Capitol, culminated an economic impact
study commissioned by the regents.
Findings of the report came on the heels of Monday's state of
the state address in which Gov. Frank Keating said he wants to
cut funding to the state higher education regents by $13.8
million for the coming fiscal year.
The economic impact study also cited the significance of all
levels of higher education on the earning capability of graduates
from Oklahoma's 12 four-year state colleges, 13 two-year state
colleges, two technical branches and four other higher education
The 82,148 jobs created by the state system of higher
education accounted for 6.7 percent of all jobs in Oklahoma in
1993, year on which the economic impact statistics were based,
said Kent W. Olson, professor of economics at the OSU College of
Higher education also has an export industry annual value of
$306.9 million that accounts for 13,217 jobs, or 16 percent of
all jobs it creates, he said.
Value of the higher education export industry was derived from
the combination of $145.8 million expended by nonresident
students and $161.1 million in federal payments for research and
student aid. State colleges and universities received $227
million of that amount directly, amounting to 39.5 percent of
their appropriations, Olson said.
Income created by Oklahoma higher education was $774 million
direct and $577.7 million indirect from the institutions; $289.1
million direct and $214 million indirect from students; and $52.2
million direct and $38.6 million indirect from visitors to state
campuses to reach the $1.9 billion total impact, Olson said.
The $1.9 billion income created by higher education amounted
to 3.7 percent of all Oklahoma's $52.8 billion personal income
during the 1992-93 college year, the study showed.
Higher education institutions in 1992-93 spent $766.5 million
for salaries, wages and benefits. Students spent $289.1 million
off campus for housing, food, transportation and related living
expenses that year.
The economists concluded that, adding the economic multiplier
factor, the institutions and students generated another $781. …