New York State Economic Impact

Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in Western New York
More than 29,000 students enroll each year at independent, not-for-profit colleges and universities in Western New York. These campuses directly employ 6,100 individuals and contribute $1.3 billion to the New York State economy annually. WESTERN NEW YORK Economic Impact of Independent Colleges and Universities in Western New York Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Impact Student Visitor Indirect/Induced

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$1.3 billion $1.1 billion $194.1 million $5.1 million $290.7 million $38.9 million $557.9 million $235.7 million $106.8 million $17.9 million $111.1 million

373,800

$23.1 billion 136,559 488,180

Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 83% Out-of-State 8% International 9% Degrees Granted Undergraduate degrees Graduate degrees

12,600 5,800 300 6,500 $465.7 million $214.6 million $16.1 million $235.1 million 29,352

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

7,466 4,297 3,169

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in the Finger Lakes
More than 40,000 students enroll each year at independent, not-for-profit colleges and universities in the Finger Lakes. These campuses directly employ more than18,000 individuals and contribute $4.9 billion to the New York State economy annually. FINGER LAKES Economic Impact of Independent Colleges and Universities in the Finger Lakes Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Impact Student Visitor Indirect/Induced Total Academic Medical Center Impact Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 62% Out-of-State 29% International 9% Degrees Granted Undergraduate degrees Graduate degrees

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$4.9 billion $3.9 billion $652.9 million $353.7 million $701.2 million $146.4 million $2 billion $349.6 million $158.3 million $26.5 million $164.8 million $648.1 million 37,400 17,100 1,000 19,300 $2.6 billion $1.7 billion $60.4 million $843.5 million 40,097

373,800

$23.1 billion 136,559 488,180

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

10,677 6,635 4,042

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in Central New York
More than 29,800 students enroll each year at independent, not-for-profit colleges and universities in Central New York. These campuses directly employ 10,100 individuals and contribute $2.8 billion to the New York State economy annually. CENTRAL NEW YORK Economic Impact of Independent Colleges and Universities in Central New York Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Spending Student Visitor Indirect/Induced

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$2.8 billion $2.5 billion $420.3 million $76.5 million $591.8 million $136.3 million $1.3 billion $273.8 million $124 million $20.7 million $129 million

373,800

$23.1 billion 136,559 488,180

Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 53% Out-of-State 37% International 9% Degrees Granted Undergraduate degrees Graduate degrees

20,800 9,200 900 10,800 $1.1 billion $492.7 million $56.3 million $545.8 million 29,877

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

7,240 4,981 2,259

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in the Southern Tier
More than 22,000 students enroll each year at independent, not-for-profit colleges and universities in the Southern Tier. These campuses directly employ 16,700 individuals and contribute $4.7 billion to the New York State economy annually. SOUTHERN TIER Economic Impact of Independent Colleges and Universities in the Southern Tier Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Spending Student Visitor Indirect/Induced

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$4.7 billion $4.5 billion $550.8 million $388.7 million $986.5 million $233.0 million $2.3 billion $193.1 million $87.5 million $14.6 million $91 million

373,800

$23.1 billion 136,559 488,180

Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 29% Out-of-State 55% International 14% Degrees Granted Undergraduate degrees Graduate degrees

34,500 15,200 1,500 17,900 $2 billion $959.3 million $96.2 million $977.3 million 22,160

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

8,912 5,414 3,498

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in the Mohawk Valley
More than 7,200 students enroll each year at independent, not-for-profit colleges and universities in the Mohawk Valley. These campuses directly employ 2,000 individuals and contribute $570.7 million to the New York State economy annually. MOHAWK VALLEY Economic Impact of Independent Colleges and Universities in the Mohawk Valley Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Impact Student Visitor Indirect/Induced

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$570.7 million $506.1 million $94.5 million $2.3 million $133.1 million $16.3 million $259.9 million $64.7 million $29.3 million $4.9 million $30.5 million

373,800

$23.1 billion 136,559 488,180

Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 62% Out-of-State 35% International 3% Degrees Granted Undergraduate degrees Graduate degrees

4,200 1,900 100 2,200 $209.3 million $93 million $6.7 million $109.5 million 7,251

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

1,745 1,398 347

2005

2007

2009

2011

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services includes expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added. (i.e. labor income recirculated through household spending patterns causing further local economic activity.)

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in the North Country
More than 6,700 students enroll each year at independent, not-for-profit colleges and universities in the North Country. These campuses directly employ 2,100 individuals and contribute $593.5 million to the New York State economy annually. NORTH COUNTRY Economic Impact of Independent Colleges and Universities in the North Country Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Spending Student Visitor Indirect/Induced

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$593.5 million $531.2 million $84.5 million $14.3 million $140.7 million $18.2 million $273.6 million $62.3 million $28.2 million $4.7 million $29.4 million

373,800

$23.1 billion 136,559 488,180

Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 57% Out-of-State 36% International 7% Degrees Granted Undergraduate degrees Graduate degrees

4,400 2,000 100 2,300 $220.9 million $98.1 million $7.5 million $115.3 million 6,784

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

1,566 1,340 226

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in the Capital Region
More than 34,000 students enroll each year at independent, not-for-profit colleges and universities in the Capital Region. These campuses directly employ more than 11,200 individuals and contribute $3.7 billion to the New York State economy annually. CAPITAL REGION Economic Impact of Independent Colleges and Universities in the Capital Region Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Spending Student Visitor Indirect/Induced Total Academic Medical Center Impact Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 55% Out-of-State 39% International 4% Degrees Granted Undergraduate degrees Graduate degrees

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$3.7 billion $2.9 billion $399.1 million $136.6 million $720 million $138.3 million $1.5 billion $300.5 million $136.1 million $22.8 million $141.6 million $516.2 million 23,100 10,300 900 11,900 $1.2 billion $545.1 million $57.1 million $624.9 million 34,338

373,800

$23.1 billion 136,559 488,180

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

12,637 10,008 2,629

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

New York State Economic Impact
Higher education remains one of New York State’s most significant economic sectors

Powering the Economy in the Mid-Hudson Valley
More than 52,000 students enroll each year at independent, not-for-profit colleges and universities in the Mid-Hudson Valley. These campuses directly employ 12,500 individuals and contribute $4.3 billion to the New York State economy annually. MID-HUDSON REGION Economic Impact of Independent Colleges and Universities in the Mid-Hudson Valley Institutional Impact Instruction Research Administration, Ancillary Services, and Other Construction Indirect/Induced Student and Visitor Spending Student Visitor Indirect/Induced Total Academic Medical Center Impact Employment Institutional Construction Indirect/Induced Payroll Institutional Construction Indirect/Induced Enrollment New Yorkers 69% Out-of-State 27% International 3% Degrees Granted Undergraduate degrees Graduate degrees

$63.2 billion $50 billion $4.3 billion $8.9 billion

The Independent Sector’s total economic impact (institutional spending, annual construction, indirect/induced spending) Institutional impact Estimated student and visitor impact Academic medical center impact (patient revenue, estimated benefit of medical residents and fellows, and indirect/induced impact) Employees (180,600 direct positions, more than 193,200 indirect/induced jobs); estimated tech spinoffs add another 10,000 jobs Total payroll (institutional, estimated direct construction, indirect/induced payroll) Total degrees (undergraduate and graduate) Total enrollment (residents, out-of-state and international)

$4.3 billion $3.1 billion $498.5 million $26.4 million $859.7 million $137.6 million $1.6 billion $460.2 million $208.4 million $34.9 million $217 million $676.3 million 25,900 11,600 900 13,400 $1.4 billion $640.5 million $56.8 million $675.8 million 52,475

373,800

$23.1 billion 136,559 488,180

The Independent Sector’s Increasing Economic Impact $63.2 billion

$41.4 billion

$47.5 billion

$54.3 billion

13,243 9,068 4,175

2005

2007

2009

2011
Sources: Center for Governmental Research (CGR), economic impact report, 2011; New York State Education Department, Office of Research and Information Systems (ORIS); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS). Notes: Enrollment is for fall 2010; percentages do not total 100% due to unknown residents; degrees granted are for the 2010-11 academic year. Data include direct and induced/indirect totals. Ancillary services include expenditures for activities primarily intended to furnish services to students, i.e., student health service, bookstore, residence halls. Indirect effects are the impact of institutions buying goods and services from other local industries. Induced effects are the response by an economy to institutional direct effects that occurs through re-spending of income received by a component of value added (i.e. labor income recirculated through household spending patterns causing further local economic activity).

Source: Center for Governmental Research (CGR), economic impact reports 2005-2011; total impact statewide.

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