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ERIC Number: ED398776
Record Type: Non-Journal
Publication Date: 1995
Pages: 27
Abstractor: 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)
Publication Type: Reports - Research; Reports - Evaluative
Education Level: N/A
Audience: N/A
Language: English
Sponsor: Small Business Administration, Washington, DC.
Authoring Institution: State Univ. of New York, Albany.
Identifiers - Location: New York