NOVEMBER 2019

The Economic Value of REFLECTS FISCAL

YEAR 2017–18

the City College of New York

ECONOMIC IMPACT ANALYSIS

= 100 jobs

Alumni impact
About CCNY Impact of the increased – OR – 11,906 Jobs supported
earnings of CCNY alumni and
18,169 the businesses they work for
an economic boost
similar to hosting
Credit students
$1.5 billion the Super Bowl

7,340 Added income 4x

Non-credit students

2,745
Employees
Operations spending impact – OR –

Impact of annual payroll and other spending 2,839

Jobs supported

$288.3 million enough to buy

Added income 8,590 new cars

CCNY TOTAL
ANNUAL Student spending impact
IMPACT Impact of the daily spending of CCNY students
attracted to or retained in the state

$1.9 billion – Oincome

R –
$50.9 million
Added income
enough to buy 4,096
families* a year’s worth of groceries
Added

– OR –
– OR – 712 Jobs supported

16,760
* family of four

Jobs supported Research Construction Visitor

spending impact spending impact spending impact
$31.9 million $18.3 million $57.4 million

INVESTMENT ANALYSIS

The average bachelor’s degree graduate from CCNY will see

an increase in earnings of $33,700 each year compared to
someone with a high school diploma working in New York.

$28,300
25+334262+80100
< HS

HS $37,200
Associate $47,800
Bachelor’s $70,900
Master’s $90,700
Doctorate $113,600
The CCNY
Service Region
is comprised of Bronx, Kings, Nassau,
New York, Putnam, Queens, Richmond,
Rockland, Suffolk, and Westchester Counties. Students gain Taxpayers gain Society gains
For $6.70 $3.00 $9.30
every in lifetime
earnings
in added tax
revenue and public
in added state
revenue and
$1… sector savings social savings

Sources: Emsi Economic Impact Study; http://www.cnbc.com/2016/01/29/super-bowl-benefits-host-city-but-by-how-much.html; http://www.usatoday.com/story/money/cars/2015/05/04/

new-car-transaction-price-3-kbb-kelley-blue-book/26690191/; http://www.usatoday.com/story/news/nation/2013/05/01/grocery-costs-for-family/2104165/