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Article: UC Berkeley wields financial clout.(Knight Ridder Newspapers)
- Article from:
- Knight Ridder/Tribune News Service
- Article date:
- January 18, 2002
- Author:
CopyrightCOPYRIGHT 2002 Knight-Ridder/Tribune News Service. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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BERKELEY, Calif. _ UC Berkeley, despite its reputation as a hotbed of free-wheeling education and left-wing activism, has become a financial dynamo that pumps $1.4 billion a year into the Bay Area economy.
That's one of the conclusions in a new study that suggests UC Berkeley is one of the key pistons in the Bay Area's economic engine. The university not only supplies a large payroll for the region, it also spends plenty of money through its vendors and acts as a funnel for research and venture capital dollars in the region.
UC Berkeley is dynamic enough that its economic impact compares favorably with that generated by universities in big metropolitan ...