Va. Higher Education Economic Study Released - ABC 8NEWS - WRIC | Richmond, Virginia News & Weather

Va. Higher Education Economic Study Released

Posted: Updated:

NORFOLK, Va. (AP) - A University of Virginia report says every $1 the state spends on higher education results in $1.29 in new tax revenue.
    
The report was released on Thursday and details the economic impact of the state's public higher education system. It was commissioned by the Virginia Business Higher Educational Council, which also released its 2013 policy agenda.
    
The council formed a Grow By Degrees coalition in 2009 following several years of state budget cuts that reduced per-student higher education funding in Virginia by about 50 percent. Coalition leaders say the study shows spending on higher education is a good investment.
    
The report also says public higher education operations account for more than 131,000 Virginia jobs and $28.4 billion in gross domestic product.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Powered by WorldNow

301 Arboretum Place, Richmond
VA, 23236

Telephone: 804.330.8888
Fax: 804.330.8881
Email: news@wric.com

Can't find something?
Powered by WorldNow
All content © Copyright 2000 - 2014 Media General Communications Holdings, LLC. A Media General Company.