Rutgers Economic Impact Assessment
The Office of Economic Development is spearheading an impact assessment effort for Rutgers University and has organized a cross-functional team for the collection and analysis of university wide metrics data. This data will be used to evaluate and demonstrate the benefits Rutgers brings to the state economy and beyond. A semi-automated system for continual data collection will be put in place to ensure that metrics are consistently collected and easily accessible.
NIH STAR METRICS and CIC U-Metrics
Two metrics projects that are currently underway are Rutgers' participation in the NIH STAR METRICS and CIC U-Metrics programs. STAR METRICS™ - Science and Technology for America's Reinvestment: Measuring the Effect of Research on Innovation, Competitiveness and Science, is led by the NIH in partnership with six government agencies and over 100 research institutions. The goal of the program is to document and communicate the economic impacts of science investments to the public via the collection and analysis of key metrics. The Committee on Institutional Cooperation (CIC) uses the STAR METRICs data as a foundation to assess the economic impact of science funding and the structure of the research workforce. The CIC U-Metrics program supplies participating universities with the tools they need to carry out evidence-based decision making and to effectively communicate the economic benefits of research funding to state and federal policy makers, donors and other stakeholders.