Mid Hudson Independent Colleges and Universities

More than 51,100 students enroll each year at independent, not-for-profit colleges and universities in the Mid-Hudson Valley. These campuses directly employ approximately 12,500 individuals and contribute $4.8 billion to the New York State economy annually.

Powering the Economy
in the Mid Hudson

Economic Impact of Independent Colleges and Universities: $4.8 billion

Institutional Impact: $3.3 billion

Instruction: $544 million

Research: $23 million

Administration: $858 million

Construction: $175 million

Indirect/Induced: $1.7 billion

Student and Visitor Spending: $469 million

Student: $212 million

Visitor: $36 million

Indirect/Induced: $221 million

Academic Medical Center: $1.1 billion

Employment: 25,900

Institutional: 11,400

Construction: 1,100

Indirect/Induced: 13,400

Payroll: $1.4 billion

Institutional: $625 million

Construction: $72 million

Indirect/Induced: $708 million

Enrollment: 51,100

New Yorkers: 68%

Out-of-State: 28%

International: 4%

Degrees Granted: 12,900

Undergraduate: 9,100

Graduate: 3,800

Taxes Paid by Private College Employees: $102 million

Links to College Information at NYColleges.org

Sources: Center for Governmental Research (CGR) 2015 economic impact report, prepared for the Commission on Independent Colleges and Universities (cIcu); National Center for Education Statistics, Integrated Postsecondary Education Data System (IPEDS); New York State Education Department (NYSED).

Notes: Enrollment data is from NYSED’s fall 2015 degree-credit enrollment survey; resident/non-resident enrollment percentages taken from NYSED’s fall 2014 resident data (latest available at time of study); resident percentages may not sum to 100% when student origins are unavailable.  Degree data is from IPEDS 2014-15 completion totals.  Economic impact data includes direct and indirect/induced totals calculated by CGR.  Indirect effects are spillover benefits that other businesses receive as a result of an institution’s spending in the economy.  Induced impacts result from the spending of individuals employed by Independent Sector institutions.  Ancillary services include expenditures for activities primarily intended to furnish services to students.  Taxes paid by private college employees include estimates of personal, and state and local sales taxes.  Student and visitor spending is estimated by CGR and excludes student housing.  Academic medical center impacts are estimated by CGR through analysis of patient revenue and other indirect/induced effects.  Totals may not sum due to rounding.