ERIC Number: ED337239
Record Type: RIE
Publication Date: 1991
Reference Count: N/A
The Economic Impact of SUNY's Community Colleges on the State of New York. Spring 1991 Update.
Winter, Gene M.; Fadale, LaVerna M.
In 1987, a study was conducted to estimate the economic impact of the State University of New York's (SUNY's) community colleges on their individual service areas, and, as a system, on the state as a whole. In light of changing economic conditions and fiscal trends, the study was replicated in 1991. The methodological model used in both studies examined three major expenditure components to estimate direct economic impact: college budgetary expenditures, employee expenditures, and student expenditures. Three levels of economic activity were calculated, and an economic multiplier was applied to estimate additional business volume generated from these direct expenditures. The model also included an estimate of the additional jobs created by the economic activity. Major study findings included the following: (1) the SUNY community colleges generated an economic impact on the state that was 8.03 times the aid received from the state, and that accounted for the creation of 42,483 jobs; (2) the direct economic impact of SUNY's community colleges was calculated at $966,028,478, resulting from $299,951,611 in college expenditures; $185,139,151 in student expenditures; and $480,937,716 in employee expenditures; (3) with the application of the multiplier of 2.06, a total business volume or economic impact of $1,990,018,664 was generated by expenditures of SUNY, its students, and employees; and (4) the ratio of total economic impact to total revenues from all sources ($771,959,679) was 2.6 to 1. The survey instrument, a components chart of the economic impact model, and data tables are appended. (PAA)
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: N/A
Authoring Institution: State Univ. of New York, Albany. Two Year Coll. Development Center.
Identifiers: New York
Note: For the original economic impact report, see ED 292 493.