Stony Brook University has released an economic impact study. It is worth the read. Among the findings:
* In total, Stony Brook University’s impact on the Long Island economy amounts to $4.65 billion in increased output, or gross regional domestic product, and 59,859 jobs.
* The economic impact of Stony Brook University accounts for almost 4 percent of all economic activity in the Nassau/Suffolk counties region, and roughly 7.5 percent of total jobs in Suffolk County.
* The regional economy receives $4.7 billion from the state’s direct investment of $207.2 million in tax dollars. This represents a 2,300 percent return, or an economic gain of $23 for every dollar the state invests.
Related posts:
