<body><div><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=4HcKNq_1H1Hw9Ky00" alt="https://img.particlenews.com/image.php?url=4HcKNq_1H1Hw9Ky00" width="1920" height="1080" ></figure>UTICA, N.Y. -- SUNY Polytechnic Institute has generated an economic boost for the Mohawk Valley and Central New York region, according to a new study.The study released this year in August by Lightcast, SUNY Poly contributed $356.8 million in economic impact and supported 2,901 jobs during the 2024–25 fiscal year.The study, titled "The Economic Value of SUNY Polytechnic Institute," analyzed the university’s impact through operations, research, student spending and alumni earnings.From SUNY Poly:"The study identified several key areas contributing to SUNY Poly's overall economic impact:<ul><li>"$273.1 million in alumni impact, reflecting the increased earnings and productivity of graduates employed throughout the region, equivalent to supporting 2,119 jobs.</li><li>"$75.6 million in operations spending impact, supporting 685 regional jobs through university payroll, purchasing, and daily operations.</li><li>"$5.1 million in student spending impact, supporting 68 jobs through spending by students who relocated to or remained in the region to attend SUNY Poly.</li><li>"$3 million in research spending impact, supporting 28 jobs through university research activities," according to SUNY Poly. </li></ul>SUNY Poly President Dr. Winston Soboyejo said, “SUNY Poly is a powerful economic engine, driving innovation, creating opportunities and strengthening the communities we serve.”The study found that graduates with a SUNY Poly bachelor’s degree earn $38,100 more each year than those with only a high school diploma in New York, totaling about $1.5 million in additional lifetime earnings.From SUNY Poly:"The study also found that:<ul><li>"Students receive $6.20 in higher future earnings for every $1 invested in their SUNY Poly education, representing an average annual return of 21.5 percent.</li><li>"Taxpayers receive $1.60 in benefits for every $1 of public funding invested, through increased tax revenues and reduced demand for government-supported services.</li><li>"Society receives $8.30 in benefits for every $1 invested, with an estimated $950.4 million in long-term statewide benefits, including increased earnings, business income, and social savings," according to the college. </li></ul>The study’s results are based on SUNY Poly’s 2024–25 academic and financial data, government labor market statistics and Lightcast’s economic impact modeling.More information about the study can be found here.</div></body>

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UTICA, N.Y. -- SUNY Polytechnic Institute has generated an economic boost for the Mohawk Valley and Central New York region, according to a new study. The study released this year in August by Lightcast, SUNY Poly contributed $356.8 million in economic impact and supported 2,901 jobs during the 2024–25 fiscal year.

SUNY Poly's Regional Economic Impact

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UTICA, N.Y. -- SUNY Polytechnic Institute has generated an economic boost for the Mohawk Valley and Central New York region, according to a new study. The 

SUNY Poly's Regional Economic Impact

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