The University of California, Davis, generated $5.5 billion in local economic activity during the 2009-2010 fiscal year, according to a new report by the university's Office of the President.
UC Davis said it benefits the local region through the 56,000 jobs at its campuses, the goods and services that the school purchases and produces and through the intellectual property that the school generates.
"Clearly, this powerful academic enterprise is a boost to the economic activity in our region," said Chancellor Linda Katehi.
During the most recent 2010-2011 fiscal year, preliminary figures show that UC Davis faculty members obtained 73 new U.S. and foreign patents and 67 licensing agreements. School officials said the university's existing portfolio of 419 patents generated $10.4 million in licensing income last year.
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