SUNY Oswego president to unveil report on college's economic impact

The president of SUNY Oswego, the county’s largest employer and one of the largest in the region, will present a report to the public March 25 that explores how the college’s jobs, spending, educational offerings, research, cultural events and volunteerism ripple through Oswego and surrounding counties.

President Deborah F. Stanley will center the forum on a 2009 study called “Prospering Together,” which significantly updates an extensive one completed four years ago. The session is open to the community by reservation at 7:30 a.m. March 25 in the Campus Center food court.

To reserve a place at the forum and obtain parking information, contact the Office of Business and Community Relations by March 22 at 312-3492 or obcr@oswego.edu

The report shows that, even during a deep and lingering recession, SUNY Oswego spun off hundreds of millions of dollars in economic impact for the county, region and state.

“Our graduates and their lifelong achievements represent SUNY Oswego’s greatest contribution,” Stanley said, “but a related benefit for our region is the considerable economic power inherent in our sizeable and successful enterprise. Beyond enriching human capital, we are a thriving institution that helps drive the economy of central Upstate New York.”

Among the forum’s topics will be a prime one during the prolonged recession, employment. The session will detail how the college, with a payroll of nearly $100 million in 2008-09, helped create private-sector jobs through spending by faculty, staff, students, the institution and its affiliated agencies.

Stanley will lead a discussion of college revenues and expenditures from a study that used statistically accepted multipliers for regional impact in seven counties: Oswego, Onondaga, Cayuga, Jefferson, Lewis, Madison and Oneida.

Yet the “Prospering Together” forum will not be solely focused on economics.

“Just as the college is more than an educational enterprise, it is also more than an economic entity,” Stanley said. “SUNY Oswego enriches the quality of life in this area through its many cultural programs and research projects and the volunteer service of faculty, staff and students.”

(Posted: Mar 10, 2010)

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