Binghamton University positively impacts the local economy (Broome and Tioga counties) and the New York state economy in terms of economic output, jobs and human capital. University spending on wages and salaries, goods and services, and construction has a direct economic impact, while spending by students and campus visitors indirectly impacts the economy.
- The University's direct and associated expenditures totaled $670 million from July 1, 2013, to June 30, 2014. These expenditures resulted in an overall economic impact of more than $1 billion on Broome and Tioga counties and $1.38 billion on New York state during this time period.
- Revenue of approximately $154 million was generated from New York state appropriations (not including tuition revenue) during the 2013-14 academic year.
- Based on the University's economic impact, for every $1 the state invested in the University, the University returned $9.
- Binghamton University's economic impact accounted for an estimated 12% of the GDP of Broome and Tioga counties between July 1, 2013, and June 30, 2014.
- The University employed nearly 5,000 faculty, staff and student workers in FY2014. Binghamton University's expenditures supported an additional 6,000 full- and part-time jobs in Broome and Tioga counties and another 240 full- and part-time jobs elsewhere in New York state.
- More than 62,000 Binghamton alumni live in New York state, generating millions of dollars in income and sales tax each year.
You may also wish to visit these Binghamton University sites for additional, related information.
- Office of Entrepreneurship and Innovation Partnerships
- Office of the President
- Advocacy website
- Inside, the University's electronic newspaper
How much economic activity the University generates for the state, including over $1 billion for the region.
$9 for every $1
Every dollar invested in Binghamton University is returned nine-fold to the state.
How many jobs throughout New York the presence of Binghamton University directly and indirectly supported in 2014.