New York’s Independent Sector: Driving Economic Impact

Powering the State's Economy

 

  • In 2015, the total economic impact of New York State’s Independent Sector of higher education was $79.6 billion, an increase of $5.3 billion (7 percent) from 2013.[1]
  • Independent Sector colleges and universities continue to be a major source of jobs across all regions of New York State, fueling employment for 406,300 people both directly and through spillover effects.  Total employment in the sector grew by 3 percent between 2013 and 2015.[2]



[1] 2015 Economic Impact of New York State’s Independent Sector of Higher Education, prepared by the Center for Governmental Research (www.cgr.org) for the Commission on Independent Colleges and Universities (www.cicu.org)

[2] Ibid.