Binghamton University positively impacts the local economy (Broome and Tioga counties) and the New York state economy in terms of economic output, jobs and human capital. University spending on wages and salaries, goods and services, and construction has a direct economic impact, while spending by students and campus visitors indirectly impacts the economy.
- The University's direct and associated expenditures totaled $727 million from July 1, 2015, to June 30, 2016. These expenditures resulted in an overall economic impact of $1.13 billion on Broome and Tioga counties and $1.5 billion on New York state during this time period.
- Revenue of approximately $169 million was generated from New York state appropriations (not including tuition revenue) during the 2015-16 academic year.
- Based on the University's economic impact, for every $1 the state invested in the University, the University returned $9.
- Binghamton University's economic impact accounted for an estimated 13% of the GDP of Broome and Tioga counties between July 1, 2015, and June 30, 2016.
- The University employed over 5,200 faculty, staff and student workers in FY2015-16. Binghamton University's expenditures supported an additional 7,300 full- and part-time jobs across New York state, including those supported in Broome and Tioga counties.
- More than 68,000 Binghamton alumni live in New York state (about 61% of all those who have graduated from the University), generating millions of dollars in income and sales tax each year.
You may also wish to visit these Binghamton University sites for additional, related information.
- Office of Entrepreneurship and Innovation Partnerships
- Office of the President
- Advocacy website
- BingUNews, the University's news site
How much economic activity the University generates for the state.
$9 for every $1
Every dollar invested in Binghamton University is returned nine-fold to the state.
How many New York state jobs the presence of Binghamton University directly and indirectly supported in 2015-16.
How much money students in the region spent during the last academic year.
The monetary value placed on the clinical experiences, course practica and volunteer experiences nearly 6,000 Binghamton students engaged in during 2015-16 in Broome and Tioga counties.