Aggie Square is expected to generate about $500 million in regional economic output and support 3,200 jobs annually when all phases are built out. At completion, construction is expected to be responsible for more than 12,100 construction-related jobs in the region, with an economic impact of $1.9 billion.

Statewide, the numbers increase to $2.32 billion and 13,200 jobs. The numbers are from an economic and fiscal impact analysis by Economic & Planning Systems Inc., commissioned by the university and released in February.

“We know that UC Davis continues to be a powerful engine of economic growth in our region and state, improving opportunities for future generations,” said UC Davis Chancellor Gary S. May, Ph.D. “Our research and innovation help solve some of the world’s most pressing problems, and we remain dedicated to strengthening the economy in Davis, in Sacramento, around Aggie Square and beyond.”

More highlights from the report:

UC Davis

UC Davis powers nearly $9.57 billion in economic impact to the Sacramento metro area and $13.18 billion to the state, supporting 61,700 jobs in the region and 68,300 in the state.

  • Direct university spending of $4.45 billion in the local seven-county region and $6.59 billion in the state annually generated impacts of nearly $9.57 billion in the region and $13.18 billion statewide.
  • The projected $1.15 billion construction spending for all Aggie Square phases is forecast to result in $1.92 billion in total economic output regionally and $2.32 billion statewide. About 8,300 person-year jobs are estimated to create an additional 4,900 statewide over the construction period.
  • Every dollar UC Davis spent in the region generated an additional $1.15 in the region. And for every 10 university jobs in the region, it created an additional seven.
  • Throughout California, every university dollar spent generated an additional dollar of economic activity in the state. And every 10 UC Davis jobs led to the creation of nearly nine non-UC Davis jobs in California.
  • Excluding UC Davis Health, the university’s total spending of $481 million on academic research generates $1.23 billion statewide, and 2,856 jobs in academic research lead to a total of 6,471 jobs statewide.

UC Davis Health

UC Davis Health was the university’s greatest driver of economic activity, accounting for more than 42% of the university’s economic activity generated in the local seven-county region and 47% of what the university generated statewide.

  • In 2023, UC Davis Health’s direct expenditures of $1.84 billion led to a total economic impact of $4.01 billion in the region, or an additional $1.18 for every dollar.
  • UC Davis Health had 19,144 employees in the region, and the economic activity generated indirectly and by the spending of its employees supported an additional 11,050 jobs in the region.
  • Considered statewide, UC Davis Health’s direct expenditures of $3.21 billion had an economic impact of $6.26 billion, or an additional $0.95 for every dollar spent.
  • UC Davis Health economic activity generated indirectly and by the spending of its employees supported an additional 3,833 jobs statewide for a total of 34,027 jobs in California.
  • UC Davis Health spending on academic research of $474 million and involving 1,460 jobs is responsible for $825 million in economic impact and 3,106 jobs statewide.