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The USC Stevens Institute will continue outreach to partner with stellar private companies to fund and develop technology translation.
=Regional and Local Economic Development=
The University of Southern California leverages its unique relationships with industry, government, and nonprofits to spur economic development and encourage innovation across campus and throughout the nation.
Crucially construction of the Village at USC is expected to provide economic gains:
*12,000 new jobs (4,000 construction-related, 8,000 permanent) throughout the Specific Plan development area;
*$1.1 billion construction‐related economic impact on the Los Angeles County economy;*$2.8 million in one‐time construction revenue for the City of Los Angeles;*$1.7 million in annual revenue benefits for the City of Los Angeles from The Village of USC operations;and
*$3.8 million in tax increment to the Community Redevelopment Agency through the year 2030; this is the single largest addition of tax increment revenue in South Los Angeles.
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These are just but some of the several ways activities at USC drives and benefits the regional economy.