This publication summarizes information provided during 1995 and early 1996 in an informal survey of state and land-grant universities concerning the direct and long-range economic impacts of public universities on their immediate communities. Items considered under direct impact include: expenditures by the universities on supplies, materials, equipment, acquisition, maintenance, construction and rehabilitation; student spending for off-campus housing, transportation, books, clothing, laundry, and other living expenses; employee spending; visitor spending by parents and others who visited campuses for athletic events, conferences, commencements, or other special events; jobs, including university employees and jobs created by university spending; tax revenue; and out-of-state revenues, including research grants and student assistance. Items considered under long-term impact include fostering new business and creating new jobs; promoting innovation; enhancing the work force; improving the quality of life; and public service, such as outreach programs that help solve social problems. The report concludes that state and land-grant institutions have been successful in using state funding as seed money to generate jobs and other revenue. Most of the document presents detailed data on direct and long-term benefits for specific institutions in the Northeast (12), Southeast (15), Midwest (14), and West (14). A list of supplementary reports concerning individual universities is also included. (CK)