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Center for Governmental Research Final Report 5-12-14

Center for Governmental Research Final Report 5-12-14

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Published by WXXI News
A new report by the Center for Governmental Research (CGR) shows that the University of Rochester is directly and indirectly responsible for supporting an estimated 50,300 jobs in the region.
A new report by the Center for Governmental Research (CGR) shows that the University of Rochester is directly and indirectly responsible for supporting an estimated 50,300 jobs in the region.

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Published by: WXXI News on May 15, 2014
Copyright:Traditional Copyright: All rights reserved

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05/16/2014

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The University of Rochester
Economic Impact
May, 2014
 
 
The University of Rochester
Economic Impact
May, 2014
Prepared for:
The University of Rochester Office of Government and Community Relations
 
Prepared By: Scott Sittig, M.P.P. Project Director
1 South Washington Street Suite 400 Rochester, NY 14614 585.325.6360 www.cgr.org ©Copyright CGR Inc. 2014
 –
 All Rights Reserved
 
 
i
 
The University of Rochester
Economic Impact
May, 2014
S
UMMARY
 
In late 2013, the University of Rochester engaged CGR (Center for Governmental Research, Inc.) to conduct an economic impact assessment of the entire University. Using data for the calendar year 2013 along with interviews of key stakeholders, CGR analyzed the broad diversity of specialized academic schools and affiliated organizations to develop a
 profile of the University’s wide ranging economic and fiscal impact on the
region. Every region is made stronger by the presence of a catalytic economic engine. The University of Rochester (UR) is the economic engine for the Rochester Metropolitan Region.
As New York State’s eighth largest
 private employer, the University of Rochester
is Rochester’s largest
employer and it continues to grow, spur new innovation, spin off new technology, and attract new research and other investment dollars to the region. It has created new public/private partnerships that are changing the  physical landscape through new off-campus development, changes to the local roadway system and continued development on the campus itself. By 2018, it envisions itself as one of the
nation’s
 leading research universities and an integral support and ongoing catalyst of economic development locally and globally. The University also continues to expand its footprint now expanding medical locations to Brockport and Canandaigua as well as distance learning opportunities for undergrad and graduate students. Despite challenges in the local economy, and despite the cost of higher education which continues to rise, the institution is continuing to draw in new students, attract new faculty and staff, and expand its footprint in the area. In its strategic plan
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 approved in October of 2013, UR President Joel Seligman declared and the Board of Trustees affirmed that:
The University of Rochester has evolved from a regional leader into a leading national research university with growing opportunities to contribute to local, national, and global progress. This transformation is gathering momentum as we have
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