The Office Entrepreneurship and Innovation Partnerships identifies economic development opportunities based on the University's research, working with companies to determine potential collaborations, attracting funding for economic development initiatives and improving the overall economy of the region.
We link the University's wide array of intellectual and physical assets with a variety of regional partners. These include public and private economic development organizations, private-sector companies, nonprofit organizations, school districts, healthcare providers and cultural entitties. The office also engages with regional planning groups, local and state government and community leaders and seeks new opportunities for collaboration by disseminating information about the University.
The University continues to assess its economic impact on the region and is eager to participate in further development efforts. Through its own expenditures and those of visitors and students, the University accounted for more than $670 million in the 2013-14 fiscal year. The total impact of this spending on economic output in the region is more than $1 billion. The University's economic impact accounts for an estimated 12 percent of the region's GDP; the University's total impact on economic output on New York State is about $1.38 billion.
We make information available to economic development professionals, businesses and local government representatives regarding economic development activities and issues engaged in by the University. We provide information, technical assistance and problem-solving services to facilitate the implementation of economic development plans and programs in the region.