This report uses the U.S. Department of Commerce’s Bureau of Economic Analysis’ Regional Input-Output Modeling System (RIMS II) to measure the impact of the College on the local economies. Each dollar spent by the College, employees, students, and visitors circulates through the economy impacting various industries. The RIMS II provided multipliers that measure this impact. This “multiplier” effect enables us to estimate the impact of all economic activity on local and state revenues, as well as how that spending translates into equivalent jobs on both levels. For this study, the Hudson Valley includes Ulster, Dutchess, Orange, Sullivan, Rockland, Putnam, and Westchester counties. All figures are for the 2008-2009 fiscal year.