Center for Business and Economic Analysis (CBEA)

Permanent URI for this collection

Browse

Recent Submissions

  • Item
    The Economic Impact of the University of Wyoming
    (University of Wyoming Libraries, 2024-08) Alexander, Anne M.; McWhorter, Dallas; Wright, Andrew
    In this report, we summarize the economic impacts that would not occur in Wyoming but for the university and directly attributable to external funding coming to Wyoming and/or as a result of the university’s varied and distinct activities. These include direct expenditures by UW Athletics, UW employees, nonresident students and visitors, externally funded research support, spin-outs and startup businesses directly resulting from UW research, and UW alumni living and working in Wyoming. Using the most conservative estimation methods and not including the impacts of UW alumni working in Wyoming, we find that UW creates: - Over $720 million in value added to the economy of Wyoming annually - Nearly 14,700 jobs annually - Nearly $49,000 value added per job. In addition, we find that UW alumni living in the state make a significant impact on Wyoming’s economy. Using a tool which is able to match around 50% of UW’s alumni profiles, we find the estimated total earnings of UW alumni living in Wyoming is around $394 million annually. These total earnings have total induced value-added impact of $640 million to the Wyoming economy annually. If you only take into account the earnings premium, or the wage differential for having a bachelor’s degree or higher, their total average earning differential is over $92 million and their induced value added to the economy is around $531 million annually. With this additional information on alumni earnings, we estimate that the total economic impact of UW annually is between approximately $1.25 billion and $1.36 billion.
  • Item
    Evaluating the Economic Impact of Goshen County’s Economic Development Retail Sales Tax for the Period FY 2019 – FY 2023
    (University of Wyoming Libraries, 2024-09) Specht, Alex; Ratajczak, Daniel
    Goshen County has a quarter-penny sales tax in place whose revenues are invested back into the county for economic development purposes through Go Goshen's Progress Program. In this report, the Center for Business and Economic Analysis (CBEA) at the University of Wyoming examines the economic impact of the ¼ percent retail sales tax for economic development in Goshen County over the period FY 2019 to FY 2023.
  • Item
    The Scope and Economic Impact of Wyoming's Film Economy
    (University of Wyoming Libraries, 2024-10) Holland, Morgan; Kirkland, Bailey; Specht, Alexander
    The Wyoming Arts Alliance contracted with the CBEA to produce a report quantifying the scope of the arts and culture economy in Wyoming at the state and county level. This report is an addition that focuses on the film industry in Wyoming. The CBEA used data from the Bureau of Economic Analysis (BEA), Lightcast, CVSuite, the American Community Survey (ACS), and a survey sent to film experts in Wyoming to estimate several measures of the size of the film economy.
  • Item
    The Scope and Economic Impact of Wyoming's Arts and Culture Economy
    (University of Wyoming Libraries, 2024-09) Holland, Morgan; Kirkland, Bailey; Specht, Alexander
    The Wyoming Arts Alliance contracted with the CBEA to produce a report quantifying the scope of the arts and culture economy in Wyoming at the state and county level. The CBEA used data from the Bureau of Economic Analysis (BEA), Lightcast, CVSuite, and the American Community Survey (ACS) to estimate several measures of the size of the arts and cultural economy.