Economic Impact

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Last Year’s Drought Cost Ag Industry More Than $1 Billion, Thousands of Jobs, New Analysis Shows

The 2021 drought directly cost the California agriculture sector about $1.1 billion and nearly 8,750 full- and part-time jobs, according to estimates in a new analysis led by UC Merced researchers.

Once the effects on other economic sectors are considered, total impacts are estimated at $1.7 billion and 14,634 full- and part-time jobs lost.

New Climate-focused Agriculture Program Aims to Train Students, Professionals and Farmers

California is the largest and the most diverse agricultural economy in the nation with revenue exceeding $50 billion — larger than the combined agricultural economies of the other 10 western states.  

UC Merced Leads Innovative Effort to Secure Water for Agriculture and Ecosystems

UC Merced’s largest research grant in its 16-year history aims to improve agricultural and environmental water resilience. The new $10 million collaborative focuses on water banking, trading and improvements in data-driven management practices to arrive at a climate-resilient future in water-scarce regions of the United States.

New AI Institute Expands UC Merced’s Smart, Sustainable Agriculture Effort

With a new $20 million federal grant, UC Merced becomes part of a multi-institutional research collaborative to develop artificial intelligence — or AI — solutions to tackle some of agriculture’s biggest challenges related to water management, climate change and integration of new technology into farming.

UC Merced, Merced College Unveil New Transfer Pipeline for Local Students

UC Merced and Merced College are teaming up to make it easier than ever for local students to matriculate through community college and earn bachelor’s degrees from the most respected public university system in the world, all without ever having to leave their hometown.

New Bridge Program Involves Incoming Students in the Future of Agriculture

Incoming first-year and transfer students will have a new resource for success and an introduction to research starting next summer, thanks to a four-year, $400,000 grant from the U.S. Department of Agriculture.

Q&A with Economist Greg Wright: COVID-19’s Impact on the Economy

Since the onset of many governors’ stay-at-home orders, there are fewer cars on the road as fewer people are driving to work. While some people can work from home, sadly, some are not working at all.

The global pandemic has caused record unemployment in the United States and the future of the economy and the American workforce is unclear. Economics Professor Greg Wright weighs in on the impact COVID-19 has had on the nation’s economy and what we can expect moving forward.

UC Merced, Bay Area Council Eye Potential 'Megaregion'

UC Merced Chancellor Dorothy Leland and Merced Mayor Mike Murphy welcomed the Bay Area Council to Merced on Thursday for a robust discussion on potential future connections between Merced and the Bay Area.

“Today we are focusing on the economic potential of building greater interconnectedness, which would have major benefits to both regions,” Leland said. “It’s not just about creating a bedroom community here. We will be attracting businesses and industries that will help lift Merced, the Valley and the state.”

Moving In: First Buildings of Massive Expansion Open to Students

Less than two years after breaking ground on its unprecedented campus expansion, the University of California, Merced, last week celebrated the opening of the first three buildings of the Merced 2020 Project.

More than 400 people were on hand for an opening celebration Thursday, including UC Merced Chancellor Dorothy Leland and UC President Janet Napolitano. Leland and Napolitano also met with students Friday, and visited with more students and their families during move-in.

Wells Fargo Gift Helps ‘Innovate to Grow’ Continue Fall Expansion

Innovate to Grow (I2G), the School of Engineering’s showcase for senior capstone projects and student ingenuity in engineering and entrepreneurship, is emerging as a twice-a-year event, thanks in large part to a $50,000 donation from Wells Fargo.