Oklahoma's higher education system generates economic returns that equal nearly five times the amount of funding it receives, according to a new report from the State Chamber of Oklahoma.
According to the report, the state sees $4.72 in return for every dollar of state funding that public higher education receives.
Conducted for the State Chamber by the research firm Battelle Technology Partnership Practice, the study shows public higher education “brings highly substantial benefits for Oklahoma.” The business lobbying group released the study Wednesday.
According to the report, the total economic output of the higher education system during the 2011 fiscal year was $9.22 billion. That figure includes the creation of about 85,000 jobs.