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Economic Impact Statement 2010
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- 1.
- 2. A Major Regional Enterprise
- $338 million (Hudson Valley)
- $399 million (New York State)
- 3,331 annually (Hudson Valley)
- 3,981 annually (New York State)
- 3. A Major Regional Enterprise
- $338 million (Hudson Valley)
- $399 million (New York State)
- 3,331 annually (Hudson Valley)
- 3,981 annually (New York State)
~$67 million State Appropriation
- 4. Methodology
- Economic Models US Department of Commerce
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- Office of Institutional Research and Planning
-
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- Lisa Ostrouch and Jackie Andrews
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- Center for Research, Regional Education and Outreach
- 5. Methodology
- 6. Salary Impact and Employment
- 3 rd -largest employer in Ulster County
- 1,738 people full and part time
- $67.5 Million Payroll (College + )
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- 92% paid in Hudson Valley
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- 99% stays in New York State
Third-largest employer in Ulster County
- 7. Salary Impact and Employment
- 3 rd -largest employer in Ulster County
- 1,738 people full and part time
- $67.5 Million Payroll (College + )
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- 92% paid in Hudson Valley
-
- 99% stays in New York State
- Indirect Impact additional 1600 jobs
- Total: 3,331 jobs in Hudson Valley, 3,981 in New York
State
Third-largest employer in Ulster County
- 8.
- $53.7 million on goods and services
- State University Construction Fund
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- Large-scale maintenance and renovation
Direct College Spending
- 9.
- 32% ($17.4 million) paid in the Hudson Valley
- 67% ($35.8 million) paid in New York State
- Non-college employment impact 688 jobs
Direct College Spending
- 10.
- Examples of local vendors:
- Central Hudson Gas & Electric -- $3.4 million
- Village of New Paltz -- $300,000
- Southeastern New York Library Resources Council --
$230,000
- Panichi Holding Corp. (Refuse removal) -- $178,000
Direct College Spending
- 11.
- About one-half (48 percent or 1,710) of Colleges vendors are in
the Hudson Valley.
- About 845 vendors are in Ulster County alone.
- Ulster $3.8 million ($1.9 million in New Paltz)
Direct College Spending
- 12.
- $101.3 million in the Hudson Valley
- EXCLUDES tuition and fees ($35 M)
Student Spending 7,916 students (Fall 2008)
- 13.
- Extensive visits to campus
- 22,589 (overnight visitors)
- Spring 2010 Student Visitor Survey (yearly extrapolated
totals)
Visitor Spending (visitors of students only)
- 14. Visitor Spending (visitors of students only)
- $144/person/day average overnight visitor
- $67.50/day average day visitor
- $3.8 million on lodging, meals, recreation, transportation,
retail, and other goods and services
- 15.
- 59,086 visitors attended events and venues
- 22,463 prospective students and families visiting
Admissions
Additional Visitors
- 16.
- 51,500 + working-age New Paltz alumni age 65 and younger
- generated $921.6 million in value-added earnings
- (above what they would earn with just a high school
diploma)
- 44% ($403.7 million) earned in the Hudson Valley region
- 71% ($654.3 million) in New York State
Alumni Impact
- 17.
- In the past five years New Paltz has graduated:
- 1,367 MBAs, accountants, marketers, bankers, managers
- 1,450 art teachers, artists, musicians, theatre
professionals
- 839 radio/TV production, public relations, media managers, and
print journalists
- 437 engineers, scientists, mathematicians
- 354 speech therapists and audiologists
- and several thousand teachers, school principals, and
Workforce Contributions
- 18. Volunteerism and Service as header Separate each photo but
keep on this slide
- 19. Volunteerism and Service
- 79% of the Colleges personnel volunteered their time, 100 hours
on average
- 140,000 hours/year (= 70 people volunteering full time year
round!)
- 90% contributed food, clothes, or toys
- 64% volunteered their professional skills to individuals or
groups
- 40% participated in walks or activities to support a
charity
- 29% served on a company or nonprofit board
- 20.
- Guest speakers for conferences or classes
Community Support to the College
- 21.
- 618 interns enrolled in fieldwork for college credits
Internships
- 22.
- SUNY can be the key driver of New Yorks economic revitalization
and the improved life of its citizens.
- SUNY Chancellor Nancy Zimphers Strategic Plan 2010
- 23.
- 24.
- 25.
- 26.
- www.newpaltz.edu/makinganimpact