1.5 BILLION Reasons to Cheer!

January 30th, 2008

Pears Carved by Food Tech

As an economics junkie I was thrilled to read this recently released study on Oregon State University’s economic footprint. OSU’s economic footprint is around 1.5 billion dollars. This is huge news not only for OSU but for the State of Oregon as well! OSU is the state’s only university designated as having “Very High Research Activity” by the Carnegie Foundation.

I won’t put you to sleep with a lecture on economic impact and multipliers; just know that OSU with its Extension Services in every county, Hatfield Marine Science Center, multidisciplinary Spring Creek Project, Food Innovation Center, other research programs and special centers too numerous to name and of course the contribution of educated folks who are tomorrow’s (and today’s) engineers, doctors, artists, farmers and public servants…Makes a huge impact on every day life of Oregonians.

From the Impact Report:

Over the years, additional federal designations have been added for Sea Grant, Space Grant and Sun Grant institutions. Other than Cornell, OSU is the only university in America to hold all four – a distinction that provides real value for the 19,700 students (more than 80 percent of whom are Oregonians) who call OSU home.

That means, in part, that Oregon State has one of the broadest, most diverse research programs in the nation. This breadth is so wide-ranging, in fact, that OSU is the only Oregon campus to have earned the Carnegie Foundation’s premier designation, reserved for campuses that have “very high research activity.”

Behind those designations lie strengths in such areas as forestry, marine science, nanoscience and microtechnology, agricultural sciences, history, public health, veterinary medicine, creative writing, conservation biology, entrepreneurship and more.

The university has grown dramatically: Beaver alumni living around the world now number nearly 150,000. But OSU has never lost sight of its original mission. Making its intellectual resources available to students from Oregon and beyond will always be OSU’s primary focus.

This kind of news is exciting for a Land Grant Institution such as OSU because one of our key missions is to improve the state, country and world we live in. In my opinion the Land Grant mission creates a very unique energy on our campus. The learning, teaching and research are of course focused in the traditional ways but with a sense of service to our community.

Read the full report here (click)! Thirsty for more info on OSU’s research and innovation? Check out TERRA, OSU’s Research Magazine.

That’s it for now, folks. Thanks for reading. Questions, concerns or discussion? Comment away!

Stay real and BE WELL,

-jm

9 Responses to “1.5 BILLION Reasons to Cheer!”

  1. Great article. Keep up the good work.

  2. water powered cars says:

    Though i already heard about Oregon State University’s but i never knew that Oregon State most diverse research programs in the nation. This is really good to know about it.

  3. yuzer says:

    Very intresting article)) thanks!

  4. Alan says:

    “1.5 BILLION Reasons to Cheer!”

    Thats The Spirit

  5. John says:

    I was tempted to read the whole article just because of title of the article, 1.5 Billion reasons to cheer is really a great title to attrack peoples.

  6. The impact OSU has for the state is enormous! The key will be to maintain those educated people into the community where they support businesses, taxes, etc. Go Beavs!!

  7. […] written before about OSU’s economic impact on the State of Oregon. Research universities like OSU have a tremendous impact on state economies […]

  8. B . BRANCH says:

    Wow, this article really brings me back. Reminds me of the ,um lets just say, {younger|earlier} days and the {problems|troubles} some in the family had. Not to worry though at this age any memory is a good memory I’m told :) . Great site and love the theme you have going here.

  9. hi
    great little article./ I found this blog on google while searching for portland oregon commercial real estate. OSU obviousl;y plays a big part in the local community. My family lives iin Lake Oswego which is just 25 minutes from Portland. It’s always good to see positive stuff about OSU and its impact.
    thanks
    pat

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