atello area made local purchases totaling $156 million Out of area visitors spent an estimated $7 million on local purchases of goods and services.The indirect and inducted effects of $215 million in local spending stimulates an additional $76 million in regional economic activity, for a total estimated economic impact of $291 million.Permanent residents account for approximately $101 million o f that total, with the remaining $191 million in area expenditures attributed to the university's presence.Considering the State of Idaho's annual budgeted investment of $72 million and its currently valued investment of $149 million in lands, buildings, and equipment, the aforementioned regional expenditures of $191 million represent a return on investment of approximately 87%.Based on lifetime earnings differentials, ISU graduates maintaining a permanent residence within Idaho are estimated to add to their lifetime earnings by an aggregated $498 million over 40 years ($307 million if presently valued).Institutional ExpensesHighlights Idaho State University annually purchases more than $23 million in goods and services from Pocatello area businesses. Idaho firms receive 66% of the University's institutional purchases with 59% going to Pocatello area firms.ApproachRecords of University expenditures were obtained from the University Comptroller. Idaho State University (ISU) issued more than 35,000 checks during the 1995-96 academic year, excluding payroll checks to faculty and staff. Each check was classified by vendor zip code and type of service or product purchased. The dozens of expenditure types were then summarized into the five categories reported in Table 1. Zip code classifications were used to identify those expenditures that were made within the state of Idaho and those that were made within Bannock County.Table 1: Idaho State University, 1995-96 ExpendituresWithin Bannock CountyWithin Idaho ...
