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02 2012: Stephen Owens, House Appropriations
The University of Missouri (UM) significantly contributes to the state's economy, being the second largest non-government employer with about 28,000 employees and generating $1.3 billion in salaries. It serves as a key economic driver through substantial research funding, job creation, and patents, while also reflecting public support for higher education despite concerns about funding. Missourians view UM as a crucial asset, prioritizing its role in providing quality education and economic contributions.
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02 2012: Stephen Owens, House Appropriations
- 1. University of MissouriSystem’s Unique Impact on State Stephen J. Owens, Interim President Slide 1
- 2. UM has afour-part mission » Teaching » Research » Outreach » Economic Development Slide 2
- 3. Statewide Perspective onImpact Slide 3
- 4. UM is aMajor Employer in Missouri » About 28,000 employees › University of Missouri is 2nd largest non-government employer in state » In 2011, UM employees earned $1.3 billion in salary/wages › Paid state $46.4 million in payroll taxes Slide 4
- 5. UM is aKey Economic Driver for State - 2011 » Majority of key federal research awarded to UM » $330M in research funding brought into state » 31 patents issued + 58 new patents filed » 5 startup companies created around UM technologies » $7.8M in licensing income Slide 5
- 6. UM is aSource of Jobs for the State » Existing Jobs = 28,000 » Open Jobs = 700 » New Jobs = potential to create Slide 6
- 7. Issues Important toMissourians September 2008 Survey Strengthening economy, creating jobs 45% 17% Making health care affordable, accessible 20% 20% Support public higher education 8% 21% Keeping taxes to a minimum 9% 16% Fighting crime, improving public safety 4% 16% Protecting the environment 1 % 5% Addressing statewide transportation 2% 3% Equally important 10% 1% Unsure Slide 7
- 8. Missourians’ Attitudes TowardHigher Ed Support investing more in public 4% higher education even if it 23% means higher taxes 51% Support investing more in public higher education if cuts are 22% made to other programs Opposed to increased state funding for higher education no matter what Not sure Slide 8
- 9. Missourians’ Attitudes TowardUM State's greatest asset 85 11 4 High-quality education 88 7 5 Economic contributor 90 7 4 Agree Disagree Not sure Slide 9