SUNY Oswego Report

Prospering Together

State University of New York at Oswego and The Community

Prospering Together Deborah F. Stanley President, State University of New York at Oswego

To prosper means to flourish or grow, and at the State University of New York at Oswego our students grow in learning and skills, which helps them go on to lead productive lives around our state, our nation and the world.

But prosperity means something else, too—financial well-being and success.

As we enter the new millennium, we do so in an unprecedented age of prosperity. The economy is booming, and people are enjoying abundance and confidence in the future.

Oswego State has a part in this, too. An economic powerhouse in the region, the college is a partner in its prosperity.

The college and affiliated agencies employ over a thousand Central New Yorkers full time. Factor in part-time jobs and the full-time equivalent job total exceeds 1,800.

Our Small Business Development Center fosters employment by creating special courses and training programs in direct response to the workforce needs of local business and industry.

Spending by students, faculty and staff and by the college and its affiliated agencies generated $92 million in the economy of Oswego County and $165 million in Central New York. Statewide this spending injected $198 million into New York state’s economy—an exceptionally good return on the state taxpayers’ investment of about $32 million.

There is more to well-being than financial abundance. SUNY Oswego enriches the quality of life in the area through its many cultural programs, research projects and volunteer service of faculty, staff and students. This publication describes some of the many ways the college enhances life in our region.

We are proud to prosper together with the people of Central New York, and we appreciate your support of our endeavor.

Economic Impact The 1999 economic impact report that follows is an updated version of the study originally prepared by Dr. Said Atri and Dr. Jack Miller of State University of New York at Oswego economics department in 1994–95. Dr. Atri’s methodology was used to estimate expenditure impacts and more recent data was utilized in the analysis. The report reflects the regional economic consequences of direct and related spending by students, faculty and staff and two State University of New York at Oswego affiliated agencies. The more than $101 million expenditure budget for the year ending June 30, 1999 had a spending impact of more than $165 million on the seven-county Central New York region.

Expenditure Impact Direct spending by SUNY Oswego, its employees, visitors, retirees, full-time traditional students and affiliated agencies in 1998–99 is estimated at $66.2 million in Oswego County with an additional $25.8 million in neighboring counties (Onondaga, Cayuga, Jefferson, Lewis, Oneida and Madison).

Using a weighted average regional output multiplier of 1.3948 for the college’s spending in Oswego County, this expenditure is shown to lead to an additional, related expenditure of $25.8 million in the county. Using a weighted average regional output multiplier of 1.8011 for the college’s spending in the seven-county region, college-based spending is shown to lead to an additional, related expenditure of $73.5 million.

Multipliers were calculated using Regional Multipliers: A User Handbook for the Regional Input-Output Modeling System by the U.S. Department of Commerce Bureau of Economic Analysis, May 1986.

The total spending impact, direct and related, is estimated at $92.1 million for Oswego County and $165.4 million for Central New York.

Office of Public Affairs, Culkin Hall State University of New York at Oswego Oswego, New York 13126