University of Southern California About USC Facts and Figures Administration Faculty Honors History Policies and Core Documents Search for: Search Economic Impact: California’s $8 billion economic engine A new independent economic impact study on USC shows that the university is one of California’s strongest economic engines. The study found that USC spurs $8 billion annually in economic activity in the Los Angeles region and California. The snapshot indicates the university will contribute well more than $80 billion to the economy over the next decade. According to the analysis, conducted by Beacon Economics, USC generated: $7.44 billion in economic output in Southern California $3.74 billion in total direct spending in the state $2.9 billion in wages in California $563 million in USC-related student expenditures $514 million on capital projects, such as money spent on construction firms, suppliers, and management and technical consulting, in L.A. County $455 million in tax revenues for local and state government across California $37.9 million for the local economy through visitors attending events at USC, such as football games at the L.A. Memorial Coliseum, the Los Angeles Times Festival of Books and USC Commencement. The University of Southern California also attracted $697 million in sponsored research to fund studies in biotech, public health, biomedical engineering, cancer and Alzheimer’s disease, among others. Download the complete report (PDF file). USC Communications / Notice of Non-Discrimination / Privacy Notice

USC Toggle search interface USC Board of Trustees Home Trustees Updates University Bylaws Flag bearers march into Alumni Park during USC’s New Student Convocation. (August 22, 2019) March 20, 2019 USC Statement from Rick J. Caruso, USC Board of Trustees Chair, on the appointment of Carol L. Folt as the 12th President of the University of Southern California On behalf of the Board of Trustees, I am very pleased to announce that the Board has unanimously voted to appoint Dr. Carol Lynn Folt as the 12th President of the University of Southern California. Dr. Folt will join us this summer from the University of North Carolina, Chapel Hill where she served as Chancellor from June 2013 to January 2019. She was previously Dean of the Faculty, Provost and interim President at Dartmouth College and an Endowed Professor of Biological Sciences. Dr. Folt’s impressive career began here in California where she received her Bachelor’s Degree in Aquatic Biology and Master’s Degree in Biology from the University of California, Santa Barbara followed by a Doctorate in Ecology from the University of California, Davis… …I have no doubt that under the enterprising and accomplished leadership of Dr. Folt, USC is set to embark on an exciting, upward, and unprecedented journey along with cultural renewal and positive change. That includes ushering in a new era of excellence, innovation, scholarship, and principled leadership that our community so justly deserves. CONTACT US Inquiries and comments to the chair of the USC Board of Trustees may be directed to: botchair@usc.edu.