VA Higher Education Economic Study Released - NBC29 WVIR Charlottesville, VA News, Sports and 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 This material may not be published, broadcast, rewritten or redistributed.

  • Sign Up for Email Alerts

    Sign up to receive NBC29 news and weather updates in your inbox daily.

    * denotes required fields

    Thank you for signing up! You will receive a confirmation email shortly.
Powered by WorldNow
All content © Copyright 2000 - 2014 WorldNow and WVIR. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.