The University's Office of Economic Development is constructing the report, called "The Impact of Carolina on the Region's and State's Economy."
"(The report) is a continuation of something we've done in the past," said Michael Luger, director of the office and a public policy professor. "We were asked to assess the ways to measure the importance of UNC to the state's economy."
The report was first constructed in 1993 and, until recently, was updated informally.
The OED has made it a biennial report, planning to resubmit surveys and conduct new research every couple years.
The report illustrates UNC's influence over the local and state economy. According to figures from the 1993 report, for every dollar the state legislature appropriates to the University, it returns $3 to the state, earning back the state's investment Luger said.
Luger said UNC's ability to attract and retain professionals -- such as doctors, lawyers and business leaders -- contributes greatly to the state's economic status.
The University also brings in several new businesses and provides employment opportunities for N.C. residents.
"(The report) is one way for us to show to the legislature and the public in general how important universities are, especially this one," Luger said.
The report, which will be completed in the spring, will probably contain results very similar to those in previous reports, Luger said.
