Economic Impact Brochure - (Page 14)
F I N A N C I A L
I M P A C T
The total annual economic impact of Buffalo State College on Western New York is $772 million. New construction at Buffalo State over the next five years is expected to create an additional 1,593 full-time jobs in Western New York. The total annual contribution by employees associated with Buffalo State to the Western New York economy is $398 million.
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A L U M N I
D A T A
14
Total undergraduate and graduate degrees awarded by Buffalo State: 100,000+ Total number of graduates with bachelor’s degrees (1960–2007): 76,934 Total number of graduates with master’s degrees (1960–2007): 24,175 Estimated number of graduates with bachelor’s degrees still in the workforce:13 71,730 Estimated number of graduates with master’s degrees still in the workforce:14 22,424
Estimated increase in income infused into the economy due to attainment of a college degree Average annual earnings 1997–1999 Increase in income due to degree beyond high school15
Buffalo State College graduates will inject more than $45 billion into the economy over the next 10 years, and $180 billion over the next 40 years. Both figures are based on estimates of income augmented by the attainment of a college education.17
High school graduate (all workers) Bachelor’s degree (all workers) Master’s degree (all workers)
$25,900 $45,400 $54,500
— $19,500 $28,600
Buffalo State College graduates inject more than $4 billion of income into the economy annually as a result of their college degrees:16
Bachelor’s degrees Master’s degrees
Total
$3,081,220,890 $1,412,753,882
$4,493,974,772
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Economic Impact Brochure
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