Economic Impact Brochure - (Page 15)

E M P L O Y M E N T D A T A Total full- and part-time campus employees: 1,86318 Total full-time jobs in Western New York created by Buffalo State: 8,40319 The Research Foundation of SUNY at Buffalo State College brings in more than $50 million to the college Impact of the college 20 Direct effect Employment Employee Compensation and Proprietor Income Total Economic Impact of Buffalo State College on Western New York All data is 2008. Indirect effect Induced effect Total effect annually, outranking the other 12 SUNY university colleges combined in terms of sponsored program support. With nearly 500 employees, the Research Foundation at Buffalo State funds research activities that make a direct and immediate impact in the 15 6,251 $290,165,852 444 $26,585,298 1,710 $81,253,847 8,405 $398,004,997 $462,388,346 $74,129,464 $235,610,847 $772,128,657 Definitions Buffalo Niagara community. Direct effect: Income, employment, or output due to the direct purchase of goods and services. For example, a college with 500 employees on the payroll hires a contractor that employs 50 people. The direct effect is 550 employees. Indirect effect: Income, employment, or output due to demand created by the direct effect. Using the previous example, the newly hired contractor increases his or her staff by 10 employees to meet additional demand created by the college contract. The indirect effect is 10 employees. Induced effect: Income, employment, or output induced by the expenditure of direct and indirect income. Using the examples above, college employees and contractor’s staff use their income to purchase food, shelter, and entertainment. Providers of these services hire an additional 50 workers to meet this demand. The induced effect is 50 employees. Total effect: The sum of direct, indirect, and induced effects.

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Economic Impact Brochure

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