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Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
Economic Impact Statement  2010
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Economic Impact Statement 2010

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  • 1.  
  • 2. A Major Regional Enterprise <ul><li>Economic Activity: </li></ul><ul><li>$338 million (Hudson Valley) </li></ul><ul><li>$399 million (New York State) </li></ul><ul><li>Jobs: </li></ul><ul><li>3,331 annually (Hudson Valley) </li></ul><ul><li>3,981 annually (New York State) </li></ul>
  • 3. A Major Regional Enterprise <ul><li>Economic Activity: </li></ul><ul><li>$338 million (Hudson Valley) </li></ul><ul><li>$399 million (New York State) </li></ul><ul><li>Jobs: </li></ul><ul><li>3,331 annually (Hudson Valley) </li></ul><ul><li>3,981 annually (New York State) </li></ul>~$67 million State Appropriation
  • 4. Methodology <ul><li>Economic Models – US Department of Commerce </li></ul><ul><li>Analysis </li></ul><ul><ul><li>Office of Institutional Research and Planning </li></ul></ul><ul><ul><ul><li>Julie Chiarito </li></ul></ul></ul><ul><ul><ul><li>Lisa Ostrouch and Jackie Andrews </li></ul></ul></ul><ul><ul><li>Center for Research, Regional Education and Outreach </li></ul></ul><ul><ul><ul><li>kt Flusser </li></ul></ul></ul>
  • 5. Methodology
  • 6. Salary Impact and Employment <ul><li>3 rd -largest employer in Ulster County </li></ul><ul><li>1,738 people full and part time </li></ul><ul><li>1,794 student workers </li></ul><ul><li>$67.5 Million Payroll (College + ) </li></ul><ul><ul><li>92% paid in Hudson Valley </li></ul></ul><ul><ul><li>99% stays in New York State </li></ul></ul>Third-largest employer in Ulster County
  • 7. Salary Impact and Employment <ul><li>3 rd -largest employer in Ulster County </li></ul><ul><li>1,738 people full and part time </li></ul><ul><li>1,794 student workers </li></ul><ul><li>$67.5 Million Payroll (College + ) </li></ul><ul><ul><li>92% paid in Hudson Valley </li></ul></ul><ul><ul><li>99% stays in New York State </li></ul></ul><ul><li>Indirect Impact – additional 1600 jobs </li></ul><ul><li>Total: 3,331 jobs in Hudson Valley, 3,981 in New York State </li></ul>Third-largest employer in Ulster County
  • 8. <ul><li>$53.7 million on goods and services </li></ul><ul><li>(excluding wages) </li></ul><ul><li>Supplies and services </li></ul><ul><li>State University Construction Fund </li></ul><ul><ul><li>Construction </li></ul></ul><ul><ul><li>Large-scale maintenance and renovation </li></ul></ul>Direct College Spending
  • 9. <ul><li>Goods and Services </li></ul><ul><li>32% ($17.4 million) paid in the Hudson Valley </li></ul><ul><li>67% ($35.8 million) paid in New York State </li></ul><ul><li>Non-college employment impact – 688 jobs </li></ul><ul><li>207 in the Hudson Valley </li></ul><ul><li>481 in New York State </li></ul>Direct College Spending
  • 10. <ul><li>Examples of local vendors: </li></ul><ul><li>Central Hudson Gas & Electric -- $3.4 million </li></ul><ul><li>Village of New Paltz -- $300,000 </li></ul><ul><li>Southeastern New York Library Resources Council -- $230,000 </li></ul><ul><li>M & T Bank -- $203,000 </li></ul><ul><li>Keybank -- $310,000 </li></ul><ul><li>Panichi Holding Corp. (Refuse removal) -- $178,000 </li></ul>Direct College Spending
  • 11. <ul><li>About one-half (48 percent or 1,710) of College’s vendors are in the Hudson Valley. </li></ul><ul><li>About 845 vendors are in Ulster County alone. </li></ul><ul><li>Ulster $3.8 million ($1.9 million in New Paltz) </li></ul><ul><li>Dutchess $5.5 million </li></ul><ul><li>Orange $1.9 million </li></ul><ul><li>Westchester $5.3 million </li></ul>Direct College Spending
  • 12. <ul><li>$101.3 million in the Hudson Valley </li></ul><ul><li>Room </li></ul><ul><li>Board </li></ul><ul><li>Books and supplies </li></ul><ul><li>Personal expenses </li></ul><ul><li>Transportation </li></ul><ul><li>EXCLUDES tuition and fees ($35 M) </li></ul>Student Spending 7,916 students (Fall 2008)
  • 13. <ul><li>Extensive visits to campus </li></ul><ul><li>22,589 (overnight visitors) </li></ul><ul><li>35,373 (overnights) </li></ul><ul><li>39,862 (day visitors) </li></ul><ul><li>Spring 2010 Student Visitor Survey (yearly extrapolated totals) </li></ul>Visitor Spending (visitors of students only)
  • 14. Visitor Spending (visitors of students only) <ul><li>$144/person/day – average overnight visitor </li></ul><ul><li>$67.50/day – average day visitor </li></ul><ul><li>$3.8 million on lodging, meals, recreation, transportation, retail, and other goods and services </li></ul>
  • 15. <ul><li>59,086 visitors attended events and venues </li></ul><ul><li>22,463 prospective students and families visiting Admissions </li></ul>Additional Visitors
  • 16. <ul><li>51,500 + working-age New Paltz alumni age 65 and younger </li></ul><ul><li>generated $921.6 million in value-added earnings </li></ul><ul><li>(above what they would earn with just a high school diploma) </li></ul><ul><li>44% ($403.7 million) earned in the Hudson Valley region </li></ul><ul><li>71% ($654.3 million) in New York State </li></ul>Alumni Impact
  • 17. <ul><li>In the past five years New Paltz has graduated: </li></ul><ul><li>• 1,367 MBAs, accountants, marketers, bankers, managers </li></ul><ul><li>• 1,450 art teachers, artists, musicians, theatre professionals </li></ul><ul><li>• 839 radio/TV production, public relations, media managers, and print journalists </li></ul><ul><li>• 437 engineers, scientists, mathematicians </li></ul><ul><li>• 354 speech therapists and audiologists </li></ul><ul><li>• and several thousand teachers, school principals, and </li></ul><ul><li>superintendents. </li></ul>Workforce Contributions
  • 18. Volunteerism and Service as header Separate each photo but keep on this slide
  • 19. Volunteerism and Service <ul><li>79% of the College’s personnel volunteered their time, 100 hours on average </li></ul><ul><li>140,000 hours/year (= 70 people volunteering full time year round!) </li></ul><ul><li>90% contributed food, clothes, or toys </li></ul><ul><li>64% volunteered their professional skills to individuals or groups </li></ul><ul><li>40% participated in walks or activities to support a charity </li></ul><ul><li>29% served on a company or nonprofit board </li></ul>
  • 20. <ul><li>Part-time employment </li></ul><ul><li>Internships </li></ul><ul><li>Research collaborations </li></ul><ul><li>Guest speakers for conferences or classes </li></ul><ul><li>Mentorship </li></ul><ul><li>Advisory boards </li></ul><ul><li>Other support </li></ul>Community Support to the College
  • 21. <ul><li>618 interns enrolled in fieldwork for college credits </li></ul>Internships
  • 22. <ul><li>“ SUNY can be the key driver of New York’s economic revitalization and the improved life of its citizens.” </li></ul><ul><li>– SUNY Chancellor Nancy Zimpher’s Strategic Plan 2010 </li></ul><ul><li>www.suny.edu/powerofsuny </li></ul>
  • 23.  
  • 24.  
  • 25.  
  • 26. <ul><li>Thank you. </li></ul><ul><li>Questions? </li></ul><ul><li>For more information: </li></ul><ul><li>www.newpaltz.edu/makinganimpact </li></ul>

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