January 16, 2015 — With total payroll exceeding $26 billion for 394,400 direct, indirect, and induced jobs, New York’s independent colleges and universities (private, not-for-profit) are a major source of jobs in all regions of New York State, according to a new economic analysis by the Center for Governmental Research (CGR), which was released by the Commission on Independent Colleges and Universities (CICU).
“New York State continues to depend on its higher education institutions to educate our next generation of leaders, as well as contribute to our future economic growth,” CICU President Laura L. Anglin said. “Playing the role of anchor tenants with communities around the state, the independent sector educates hundreds of thousands of students while also providing jobs and significant fiscal impact for the communities where they are located. Throughout the state, our campuses are significant contributors to both economy and community.”
The analysis showed that New York Chiropractic College’s (NYCC) economic impact on the Finger Lakes Region is significant. In 2013, the college employed 330 people, which, including spillover employment, brings the total of those employed as a result of the college’s activities to 690. Considering all factors, the CGR put NYCC’s economic impact at $67,610,000.
Despite the current, hyper-competitive higher education sector, NYCC and New York’s other independent colleges and universities continue to be a major contributor to the state’s economy.
“These schools have maintained enrollment in the face of declining numbers of high school grads, and [they] boost total research spending by 17 percent, despite reductions in federal research investment,” CGR Chief Research Officer Kent Gardner, who led the study, said.
New York Chiropractic College delivers a leading-edge chiropractic education offering an integrated curriculum that combines a unique balance of art, science, and philosophy. Its graduate programs in acupuncture and oriental medicine, nutrition, and human anatomy and physiology also help meet the skyrocketing demand for trained practitioners and educators.
“While our focus is on education, we are particularly proud of our ongoing contribution to the Finger Lakes Region, which has been our home since 1991,” NYCC President Frank J. Nicchi, DC, said. “The decision to move from Long Island to Seneca Falls was a good one for the college, and we are gratified that our presence in the community that has become our home provides strong support for the local economy.”
Source: New York Chiropractic College