cIcu | Commission on Independent Colleges and Universities

Economic Impact of Independent Colleges and Universities in New York State

Capital District Central New York Hudson Valley Long Island New York City Northern New York Greater Rochester Area Western New York

From the smallest liberal arts college to the largest university, our business is teaching and research. And by doing our job, we are helping hundreds of New York State businesses, from the entrepreneur to Fortune 500 companies.

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Effect of Expenditures by Independent Colleges
and Universities in New York State

Enrollment:... 477,773
  New Yorkers:... 65 %
  Other States:... 27 %
  International:... 8 %

Degrees Granted:... 134,826
  Undergraduate Degrees Conferred:... 77,490
  Graduate Degrees Conferred:... 57,336

Employment:... 360,000
  Institutional:... 164,500
  Construction:... 9,400
  Indirect/Induced:... 186,100

Payroll: ...$ 19,576,000,000
  Institutional:...$ 9,822,000,000
  Construction:...$ 885,000,000
  Indirect/Induced:...$ 8,869,000,000

Institutional Spending: ...$ 50,372,000,000
  Instruction:...$ 8,181,000,000
  Research:...$ 2,693,000,000
  Administration/Ancillary Services and Other:...$ 10,666,000,000
  Construction:...$ 1,637,000,000
  Academic Medical Centers:...$ 4,304,000,000
  Indirect/Induced:...$ 22,891,000,000

Student and Visitor Spending: ...$ 3,924,000,000
  Student:...$ 1,844,000,000
  Visitor:...$ 298,000,000
  Indirect/Induced:...$ 1,782,000,000

Economic Impact of Independant Colleges and Universities
Independent Sector Expenditures :...$ 54,296,000,000