Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19

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Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19
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By edhat staff

Santa Barbara has been ranked in the top 15 list of college towns that are most economically vulnerable during the COVID-19 pandemic.

The study by Smart Asset highlighted locations that are most dependent on the presence and spending habits of undergraduate populations. They compared 95 college towns with populations of 50,000 or more across six metrics.

Santa Barbara was ranked 13th citing that 26.36% of the population is due to college students with 10.13% of the workforce due to students.

"We looked at students as a percentage of the population, college staff as a percentage of workers, as well as four other metrics focused on local businesses’ reliance on college student and parent/guardian spending – concentration of restaurants & bars, entertainment establishments, bookstores, and hotels," according to Smart Asset.

The key findings were that many midwestern and southern college towns topped the list and small college towns were likely to be hit the hardest. 

The top six towns include Bloomington, Indiana; College Station, Texas; Champaign, Illinois; Athens, Georgia; Flagstaff, Arizona; and Davis, California respectively.

The full report can be found here.

 

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a-1595805747 Jul 26, 2020 04:22 PM
Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19

In a recent LA Times article it was stated that there is something like 65,000 foreign students going to school in California alone. That puts lots of pressure on low and moderate income housing for Californians. How much would rents decline if those students were not here?

a-1595789020 Jul 26, 2020 11:43 AM
Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19

Check it out! According to campus reports, 73% of international students come from mainland China where they are bullied by their country to support the Chinese Communist party as part of their opportunity to leave and learn. Mostly in engineering and sciences, including business economics. Fortunately, most do not fall in line as real spys, but...we will never know. This is our culture to take the risk willingly and hope they see a bigger picture. These students say they come here, have to work harder (accents) and hope to take knowledge back to honor families. Yes, remember Communist China has a great "disappearance" policy for the unwilling. Never changed.

a-1595850016 Jul 27, 2020 04:40 AM
Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19

If this is news to you, I'm sorry that you're so ill-informed. The lack of international students nation-wide will be a huge economic hit to cities and states. Did you notice that the president's ill-informed ban on international online college students was rescinded? For many reasons.

a-1595810858 Jul 26, 2020 05:47 PM
Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19

State legislators (Monique Limon and Hannah-Beth Jackson) recently passed legislation, snuck into a trailer bill with no hearing or notice, that pay cannot be suspended for teachers until at least June 2021. Teaching or not. Your elected representatives working hard on your behalf.

a-1595737770 Jul 25, 2020 09:29 PM
Santa Barbara Ranked as Economically Vulnerable College Town Due to COVID-19

This college down economic vulnerability is offset by the fact out of town students will not get drafted to vote for any and all local tax or bond increases, and stick us with paying their bills. No packs of resident UCSB student voters could make a significant difference who gets elected for third district swing vote elections on the county board of supervisors. We could only wish they stay away permanently.

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