Fast Economic Facts

Payrolls

$98.3 Million: College and related payrolls, including fringe benefits and payments to student workers (excluding grants and scholarships).

Bank Accounts

$138 Million: Flowed through the college’s various operational accounts with local banks.
$8.9 Million: College’s credit union activity.
$4.5 Million: Kept by college employees and students in local banks and financial institutions.

Interns: Workforce Supplement

1,790: Total number of students engaged in internships through the college.
158,000: Hours of service to the local community, the Central New York region and the state of New York.
$2 Million: Contribution to local economy through Experience-Based Education.
$3.2 Million: Contribution to Central New York through Experience-Based Education

Grants, Loans and Scholarships

$73 Million: Grants, scholarships, loans and work-study wages through the college’s Office of Financial Aid awarded to over 6,000 students.

Research Funding

$5.1 Million: Federal, state and private foundation funding for new scientific equipment and research initiatives on education, the environment and human development.

Taxes

$7.6 Million: Paid by the college community on the federal level.
$4.2 Million: Paid by the college community in local taxes.

Economic Development

SUNY Oswego-supported efforts included such college-administered agencies as the Small Business Development Center, Workforce Development Board, Center for Non-Profit Excellence, and Leadership Oswego County.

STUDENT EXPENDITURES
$26.4 Million

Student Expenditures

$21.1 Million in Oswego County
$26.4 Million in Central New York*

FACULTY & STAFF EXPENDITURES
$36.6 Million

staff and faculty expenditures

$23.3 Million in Oswego County
$36.6 Million in Central New York*

VOLUNTEERISM
More than one-third of the students and half of the faculty and staff volunteer.

HOURS BY STUDENTS

student volunteerism

156,000 hours in Oswego County
260,000 hours in Central New York*
$1.6 Million value to Oswego County**
$2.7 Million value to Central New York**

HOURS BY FACULTY AND STUFF

faculty and staff volunteerism

53,000 hours in Oswego County
102,000 hours in Central New York*
$0.9 Million value to Oswego County**
$1.8 Million value to Central New York**

*Includes Oswego, Onondaga, Lewis, Jefferson, Oneida, Cayuga, Madison counties.
**Based on service sector average wage of $10.35/hour in Central New York
†SUNY Oswego volunteer hours not included in financial statistics
††Other organizations include nursing homes/eldercare, youth organizations, fire departments, YMCA, Red Cross, animal shelters

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