SUNY Upstate: $2.5 Billion Economic Impact

SUNY Upstate: $2.5 Billion Economic Impact

New study shows economic impact of SUNY Upstate has grown 50% over last decade. It directly employs 10,959 people Submitted by SUNY Upstate Medical University SUNY Upstate Medical University contributed $2.5 billion to the state and local economy and supported, directly and indirectly, more than 18,321 jobs across New York in fiscal year 2018, according to a recent study and report by a national consultant. It was published in January. “Our mission is to serve and improve the health of this community. But as this report points out, we are also a vital player in this community’s economy — employing more people than anyone else and generating billions of dollars for the state and local economy each year,” said Upstate Interim President Mantosh Dewan, MD. “Our talented, valuable employees are investing their salaries into the Central New York economy, which plays a critical role in the vitality of the region and New York state.” The substantial economic impact figure — which has grown 50% in a decade — includes capital improvements, Upstate expenditures and salaries to employees who spend their income on housing and services in Central New York. Additional dollars are generated by students, patients and visitors to Upstate, according

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