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ERIC Number: ED605798
Record Type: Non-Journal
Publication Date: 2018-Nov-1
Pages: 18
Abstractor: ERIC
ISBN: N/A
ISSN: N/A
EISSN: N/A
The Economic Impact of the State University of New York. By the Numbers
Laura Schultz
Nelson A. Rockefeller Institute of Government
The State University of New York (SUNY) is one of the nation's largest public systems of affordable quality higher education. What is the economic impact of SUNY as an employer and manager of sixty-four campuses and three hospitals across New York? What is SUNY's overall contribution to the innovation infrastructure and labor force in New York? Simply put, SUNY is a key driver of the New York State economic engine. SUNY's annual economic impact in New York State is $28.6 billion. This represents a 27 percent growth in overall state economic impact since 2008. The SUNY system educates 436,277 students, employs 77,900 faculty and staff, and has an operating budget of $11.2 billion. To put this in perspective, if SUNY were a private company it would be among the ten largest employers in New York State. The SUNY system includes community colleges, four-year colleges, graduate and research centers, medical schools and hospitals, a law school, and significant commercialization activities. These operations and student expenditures supported a total of 179,400 jobs through direct and indirect employment. As a point of comparison SUNY's impact for 2008-09 was $19.8B ($22.5B in 2018 dollars). The growth in impact has been driven by SUNY's expanding hospitals and research activities, which now account for 43 percent of SUNY's revenue. This report examines statistical evidence of SUNY's impact on New York industries; SUNY's economic impact by region; SUNY as a research and commercialization hub; and SUNY's alumni in the workforce.
Nelson A. Rockefeller Institute of Government. 411 State Street, Albany, NY 12203-1003. Tel: 518-445-4150; Web site: https://rockinst.org/
Related Records: ED665147
Publication Type: Reports - Research; Numerical/Quantitative Data
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Nelson A. Rockefeller Institute of Government
Identifiers - Location: New York
Grant or Contract Numbers: N/A