1.

2. A Major Regional Enterprise

• Economic Activity:

• $338 million (Hudson Valley)

• $399 million (New York State)

• Jobs:

• 3,331 annually (Hudson Valley)

• 3,981 annually (New York State)

3. A Major Regional Enterprise

• Economic Activity:

• $338 million (Hudson Valley)

• $399 million (New York State)

• Jobs:

• 3,331 annually (Hudson Valley)

• 3,981 annually (New York State)

~$67 million State Appropriation

4. Methodology

• Economic Models US Department of Commerce

• Analysis

• • Office of Institutional Research and Planning

• • • Julie Chiarito

• • • Lisa Ostrouch and Jackie Andrews

• • Center for Research, Regional Education and Outreach

• • • kt Flusser

5. Methodology

6. Salary Impact and Employment

• 3 rd -largest employer in Ulster County

• 1,738 people full and part time

• 1,794 student workers

• $67.5 Million Payroll (College + )

• • 92% paid in Hudson Valley

• • 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

• 1,794 student workers

• $67.5 Million Payroll (College + )

• • 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

• (excluding wages)

• Supplies and services

• State University Construction Fund

• • Construction

• • Large-scale maintenance and renovation

Direct College Spending

9.

• Goods and Services

• 32% ($17.4 million) paid in the Hudson Valley

• 67% ($35.8 million) paid in New York State

• Non-college employment impact 688 jobs

• 207 in the Hudson Valley

• 481 in New York State

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

• M & T Bank -- $203,000

• Keybank -- $310,000

• 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)

• Dutchess $5.5 million

• Orange $1.9 million

• Westchester $5.3 million

Direct College Spending

12.

• $101.3 million in the Hudson Valley

• Room

• Board

• Books and supplies

• Personal expenses

• Transportation

• EXCLUDES tuition and fees ($35 M)

Student Spending 7,916 students (Fall 2008)

13.

• Extensive visits to campus

• 22,589 (overnight visitors)

• 35,373 (overnights)

• 39,862 (day 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

• superintendents.

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.

• Part-time employment

• Internships

• Research collaborations

• Guest speakers for conferences or classes

• Mentorship

• Advisory boards

• Other support

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

• www.suny.edu/powerofsuny

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26.

• Thank you.

• Questions?

• For more information:

• www.newpaltz.edu/makinganimpact