Education and healthcare are major sectors in New York State’s economy. The Bureau of Economic Analysis estimates 20% of all jobs and 15% of total income statewide are generated by these two sectors.
CGR recently concluded our economic impact analysis of New York State’s independent colleges and universities sector, the eighth in an annual series. The sector’s 100+ private, not-for-profit higher education institutions are spread across the state, and collectively contribute approximately $88.8 billion to New York’s economy. Our study breaks this impact into three categories. Read more »