CHICAGO, IL – U.S. Senators Tammy Duckworth (D-IL) and Dick Durbin (D-IL) announced last month $587,729 in federal funding to Chicago State University. This funding from the U.S. Department of Education’s Predominantly Black Institutions Program will assist the university in implementing their Resiliency and Capacity Expansion for Student Success in the Health Professions (RECESS-HP) program. Chicago State University is Illinois’ only four-year U.S. Department of Education-designated Predominantly Black Institution.
“HCF applauds U.S. Senators Tammy Duckworth and Dick Durbin for working closely together in taking the effort to ensure that underprivileged institutions in communities of color like Chicago State University have the funding it needs to continue producing academic excellence. We would also like to thank the Department of Education for its investment towards Predominantly Black Institutions through its program. We are excited for this funding, which is part of a 5-year, $2.9 million commitment to help students pursue the health sciences field and boost employment in the Illinois workforce and within the country. I commend President Scott for her continued effort in ensuring that Chicago State University remain relevant and her tireless leadership in CSU’s continued success. We look forward to observing CSU’s plans of utilizing the funds for RECESS-HP and will continue to follow up through our advocacy with the senate to keep the fight ongoing for continuous funding for PBIs like Chicago State,”said Demetrius Johnson Jr., Founder, President & CEO at HBCU Campaign Fund.
About the HBCU Campaign Fund (HCF) The HBCU Campaign Fund (HCF) is a nonprofit educational organization that supports the significance and raises funds for scholarship, initiative programming, and for private and public HBCUs and MSIs. HCF remains a strong advocate for students and higher education. For more information, visit www.hbcucampaignfund.org.
By Prioritizing Higher Education, the Proposed Budget Will Fuel Robust Recovery from the Pandemic. It supports college affordability and focuses on closing equity gaps in Illinois education.
CHICAGO, IL – The HBCU Campaign Fund (HCF) applauds Illinois’ Governor J.B. Pritzker for proposing a fiscal 2022 budget that would support and advance Illinois higher education institutions that includes the only four-year, Department of Education designated Predominately Black Institution (PBI), Chicago State University.
“This budget also preserves my increased investments in education, which is foundational a strong economy and a vibrant future… Our colleges and universities are facing so many other challenges that we should not ask them to take on more,” said Governor Prizker.
The budget proposal also provides for a needed increase of $28 million for the Monetary Award Program (MAP) that provides grants for low-income students.
“Governor Pritzker’s budget charts a path for recovery from the global pandemic that recognizes that robust economic growth requires strong public universities,” said Zaldwaynaka Scott, Esq., President of Chicago State University. “Our inaugural Economic Impact Study concluded that CSU generates $1.6 billion in income to Illinois’ economy annually. The higher education funding proposed by Governor Pritzker level will allow CSU to continue to drive equity in education and economic growth in Chicago and statewide.”
Earlier this month, CSU released its inaugural Economic Impact Study, conducted by economists, that demonstrates the institution is a driving force in the Illinois economy by adding $1.6 billion in income to the Illinois economy, supporting 17,525 jobs, and providing a strong return on investment for students and Illinois taxpayers.
“HCF applauds Illinois’ Governor Pritzker for his continuous attentiveness and dedication for higher education institutions statewide, which includes the only four-year PBI Chicago State University. HCF is a strong advocate and supporter of CSU,” said Demetrius Johnson Jr., Founder, President and CEO at HBCU Campaign Fund. “We highly salute President Zaldwaynaka Scott’s outstanding leadership. For years, CSU has strongly devoted and invested in the population of African Americans throughout the Chicagoland and U.S. We are so thankful for its mission of educating first-generation and low-income students who can not obtain a high-quality education elsewhere. Higher education institutions like CSU provide educational access and we thank the Governor for his continued investment in a brighter future for the students.”
Click here to view Governor Pritzker’s 2021 budget proposal.
New Study Outlines the University’s Pivotal Role in Creating a Strong Diverse Economy & Providing a Robust Return on Investment for Students and Taxpayers
CHICAGO, IL (Feb. 12, 2021) – As Illinois’ only four-year Predominately Black Institution, Chicago State University (CSU) has a proven track record in supporting diverse students’ access and success in securing a college degree. On Thursday, CSU releases its inaugural Economic Impact Study, conducted by economists, that demonstrates the institution is a driving force in the Illinois economy by adding $1.6 billion in income to the Illinois economy, supporting 17,525 jobs, and providing a strong return on investment for students and Illinois taxpayers.
“For everyone dollar invested in Chicago State University, Illinois residents see a $7 return on investment; a clear signal of the depth of our contribution to the city and state,” said Zaldwaynaka Scott, Esq., President of Chicago State University. “Through academic research, community initiatives, and education, the institution is a driving force for not only educating diverse students, but also inclusive economic growth.”
The study found that CSU has a significant positive impact on the business community and generates a return on investment to its major stakeholders groups – students, taxpayers, and society. Using a two-pronged approach that involves an economic impact analysis and an investment analysis, the study calculates the benefits received by each of these groups.
Results of the analysis reflect fiscal year (FY) 2018-19. Through CSU’s operations research, student activities, and alumni employment and leadership, CSU generated more tax revenue than it received. Taxpayer’s average annual rate of return is 11.9%.
“The economic impact report makes clear what we have have long known: Chicago State University is critical to building a strong state economy,” said Governor Pritzker. “That’s why my administration was proud to support CSU with bold investments through the state’s Rebuild Illinois capital plan, which has provided nearly $30 million for campus infrastructure improvements and a state-of-the-art health sciences simulation facility. I applaud CSU leadership for their work to provide a quality education to its student and I look forward to our continued partnership to educate our next generation of leaders and innovators.”
“CSU’s inaugural economic impact study illustrates the full extent this incredible institution plays in our region’s economy,” said Chicago Mayor Lori Lightfoot. “Chicago benefits tremendously from the CSU alum who are leading in their professions, and I share President Scott and the University’s passionate commitment to research and engagement that results in equitable development and improved social determinants which strengthen our city and entire region.”
The study also found that an education at CSU is a smart investment for students. Our bachelor degree graduate each earn additional $843,000 over the course of their professional careers. This means a return of $5.00 in increased future earnings for every $1 a student invests in their education at CSU.
“The Economic Impact Statement released by Chicago State University tell us what we already know – the university is an essential part of the economic fabric of the surrounding community, the City of Chicago and the state of Illinois,” said James Derwinski, CEO/Executive Director of Metra. “Among the many ways in the university spurs economic growth is through the focus on equity in public transit, a focus we share. We are honored to be its partner as we look to bring economic transformation to our neighborhoods and communities.”
“Chicago State University is the unacknowledged treasure among the Illinois institutions of higher education,” said Avis LaVelle, Executive Director of Business Leadership Council. “It is time for all to recognize what a jewel CSU is and the extent to which it has contributed to the educational success of so many.”
Data and assumptions used in the study are based on several sources, including Fiscal Year 2018-19 academic and financial reports from CSU, industry and employment date from the U.S. Bureau of Labor Statistics and U.S. Census Bureau, outputs of Emsi’s Muti-Regional Social Accounting Matrix model, and studies and surveys relating education to social behavior. The study applies a conservative methodology and follows standard practice using only the most recognized indicators of economic impact and investment effectiveness. Additional information on the study is available here.
About Chicago State University Chicago State University (CSU) is a public, comprehensive university that provides access to higher education for students to diverse backgrounds and educational needs. The university fosters the intellectual development and success of its student population through a rigorous, positive, and transformative educational experience. CSU is committed to teaching, research, service and community development including social justice, leadership and entrepreneurship. For more information, visit www.csu.edu.
ILLINOIS – Illinois public universities have launched a statewide advocacy campaign that includes call-to-action for alumni and appearances from university presidents around the state to build grassroots community and legislative support for higher education.
The campaign, “The Time is Now: Re-invest in Illinois Higher Education” focuses on the importance of contacting legislators to urge for increased funding for Illinois public universities so the institutions can continue to drive the state’s economic growth and development. An increase in funding for public higher education will create jobs and spur more economic activity statewide, while providing students with much needed improvements to campus buildings, classroom and new technology.
“State funding is very critical to providing the necessary demands and affordability of students in today’s generation of higher education. It is imperative that we continue to fight no matter if its an HBCU institution or not. Illinois legislators must be held accountable for the future of its state institutions including Chicago State University, who HCF highly supports. The effect of funding lowers the effect of resources needed for the economic success of students, and preparing them for the future workforce,” said Demetrius Johnson, Jr., President and CEO at HBCU Campaign Fund.
During the FY 16-17 Illinois budget crisis, funding for higher education throughout the state of Illinois was significantly reduced by hundreds of millions of dollars forcing universities to defer maintenance and realign resources to ensure continued student success. Since that time, the state has seen an outmitigation of college students attending universities out of state due to the uncertainty of state support.
“The HBCU Campaign Fund will join Chicago State University and other Illinois state universities in the fight to increase funding by asking Illinois state legislators to invest in higher education,” Demetrius continued.
The Illinois General Assembly is set to conclude its work Friday, May 31. Each University has submitted a proposal detailing capital and operational needs and has requested a funding increase.
The time is now, you can join HCF and Illinois public universities by contacting the Illinois state legislation and asking them to invest in higher education. Click here for more information.