ERIC Number: ED398776
Record Type: Non-Journal
Publication Date: 1995
Reference Count: N/A
The Economic Impact of the State University of New York on the State of New York.
State Univ. of New York, Albany.
A study of the impact of the State University of New York (SUNY) on the state's economy is reported. In 1992-93, about $9.2 billion of the state's economy was a direct result of spending by SUNY, its employees, students, and visitors; about five times the state's investment in SUNY in fiscal 1993. Annually, graduates add $16.8 billion to the economy through increased personal earning power. One-third of all New York high school graduates enroll at a SUNY campus, and SUNY enrollments are one-half of the state's college enrollments. SUNY has 1.4 million graduates in the state. It attracts out-of-state dollars through research grants, non-resident and foreign student spending, and federal student aid. It employs 78,997 people directly, and 32,952 additional jobs are attributable to SUNY expenditures. In 1993, employees paid about $534 million in income, sales, and property taxes to the state. In 1992-93, students spent about $2.2 billion for off-campus expenses related to attendance. In 1993, about 1.2 million people visited SUNY campuses and spent $50 million in the local economy. Research and other externally-funded programs at SUNY have grown to $330 million in 1994. Over 7,000 sponsored research programs directly benefit local areas, and research activities generated over 8,000 jobs. SUNY-associated tax revenues directly contribute over $875 million to the state and $681 million to local governments. (Contains 34 references.) (MSE)
Descriptors: College Graduates, College Students, Economic Development, Economic Impact, Educational Benefits, Educational Economics, Employment Patterns, Expenditures, Federal Aid, Grants, Higher Education, Institutional Characteristics, Inventions, Labor Force Development, Multicampus Colleges, Private Financial Support, Research Projects, School Community Relationship, School Personnel, Small Businesses, State Universities, Student Financial Aid, Taxes, Technology Transfer, Tourism
Publication Type: Reports - Research; Reports - Evaluative
Education Level: N/A
Sponsor: Small Business Administration, Washington, DC.
Authoring Institution: State Univ. of New York, Albany.
Identifiers - Location: New York