Independent Higher Education as an Economic Engine: The Latest Action Research

1. Independent Higher Educationas an Economic Engine:The Latest Action Research Commission on Independent Colleges and Universities Terri Standish-Kuon Vice President, Communications and Administration December 4, 2002

2. Role of colleges and universities Education Research Economic benefit of these dual missions The general public appreciates the connection The economy and education are top concerns Higher education related to economic development and quality of life Overview 1

3. Role of colleges and universities • Mission: education and research • In the process of fulfilling these dual missions, Independent Sector campuses make a profound and sizable contribution to the economic well-being of New York State 2

4. The education mission • Students can study anything in New York State — in a wide range of settings • The Independent Sector includes: long-time leaders in women's education; the nation's largest group of private engineering schools and programs (15); more private medical schools than any other state (8); two dental colleges; 13 law schools; the greatest concentration of historically-religious institutions in the United States; plus nationally-recognized liberal arts colleges and research universities 3

5. Importance of higher education • Businesses locate where talented, highly-educated, people live • Higher education relates to income -- and thus to personal income tax revenues 4

6. New York’s higher education enterprise is unique • Private colleges and universities in New York State compose the nation’s largest Independent Sector • Collectively, these campuses are the State’s leading source of bachelor’s and graduate degrees 5

7. Independent campuses provide higher education access • 426,000 students, most in baccalaureate and graduate programs • 290,000 New Yorkers 6

8. The Independent Sector produces in high-need disciplines • Example: In 2000, two in three baccalaureate degree nurses in New York State — 2,906 nurses in all — graduated from an Independent Sector college or university 7

9. The research mission • Colleges and universities bring federal and private dollars into the state through grants, awards, and research funding 8

10. World-recognized brainpower • Top-notch minds work and study in New York State • 132 Independent Sector faculty and alumni have won Nobel prizes • 38% of the world’s total in economics • 26% in medicine • 21% in physics 9

11. Universities attract federal funds • Higher education institutions attracted nearly half of the federal R&D funds that came to New York State in 2000 (approximately $1.5 billion) 10

12. Investments in high technology/ biotechnology infrastructure 11

13. Additional capital investments 12

14. A foundation for technological competitiveness in world markets 13

15. Additional investment inresearch infrastructure 14

16. Economic effects • Employ 131,000 individuals -- from teaching faculty to administrative staff to maintenance crew and cafeteria workers • The sector encourages tourism, bringing families of students and other visitors to communities 15

17. Additional benefits • Independent campuses promote entrepreneurship and business development, through dedicated centers and partnerships with area companies • The Independent Sector helps stabilize communities 16

18. Collectively, independent campuses are major employers • Employ 131,000 New Yorkers • $6 billion payroll • Generate $40.2 billion annually in economic activity 17

19. Higher education is a regional economic engine • In the five boroughs of New York City • 185,000 students • 65,165 employees • $3.2B in salaries • In Central New York • 54,000 students • 19,900 employees • $735M in salaries 18

20. Sharing knowledge • New York’s independent campuses sponsor 500 research centers and institutes available to businesses and industry • Searchable database: www.cicu.org • Click on “Experts Search” to find contact information for academic researchers and program directors • By keyword, location, and industry cluster 19

21. The general public links higher education and the economy • Poll conducted in October 2002 for CICU by Zogby International • margin of error, ± 3.2% • sample: 1,007 adults • 334 in New York City (five boroughs) • 337 in Nassau, Suffolk, Westchester, and Rockland • 335 in Upstate (remaining counties) • Regional samples are individually valid; the statewide totals were calculated using appropriate weights to reflect the distribution of the state's population 20

22. It’s the economy - and education • What is the single most important issue facing New York State today? 21

23. Leading issues: the economy and education 22

24. Is there a college of university in your local community? Colleges and universitiesanchor communities 23

25. How important is the college or university to your local economy, very important, somewhat important or not important? Higher education important to the local economy 24

26. Economic importance greatest Upstate 25

27. Colleges and universities contribute to quality of life • Please rate how the college or university contributes to the quality of life in your community, excellent, good, fair or poor, in each of the following areas: 26

28. Colleges and universities matter to communities across the state 27

29. Role of colleges and universities Education Research Economic benefit of these dual missions The general public appreciates the connection The economy and education are top concerns Higher education related to economic development and quality of life Summary 28