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College contributes $274 million to local economy

SUNY New Paltz pumps more than a quarter of a billion dollars each year into the Hudson Valley economy, according to an Economic Impact Statement released earlier this month.

College President Steven Poskanzer unveiled the study's findings to the media, local business people and government leaders at a press conference on Jan. 15.

The figure reflects the impact the college, students, employees and visitors spent directly and indirectly in Ulster, Dutchess, Putnam, Westchester, Rockland, Orange and Sullivan counties. Some of the figures highlighted were: $52.8 million in total salary expenditures; $83 million in student spending (excluding tuition and fees); $13 million in college spending in the Hudson Valley and $492,000 in visitor spending.

"Beyond its immense economic impact, the college is also committed to extending its positive impact in the Hudson Valley by partnering with local businesses, government and nonprofit organizations to share knowledge and expertise," said Poskanzer.

In addition to the 7,800 students and 1,378 full- and parttime employees that make up the campus community, the college drew a large number of visitors to the campus's various events and venues during the time period.

Some of the figures included in the study were: 27,000 visitors to School of Fine and Performing Arts events; 19,000 registered visitors to Admissions; and 13,330 visitors to the gym.

In 2006, the college had more than 470 people participate in its inaugural Make a Difference Day, a national day of community service.

The study also showcases the ways in which the college enriches the lives of people outside the college community through its partnerships with local businesses, government and non-profit organizations. In addition, Poskanzer highlighted the college's new Center for Research, Regional Education and Outreach (CRREO). Led by Gerald Benjamin, current dean of the College of Liberal Arts and Sciences, Poskanzer said the center will continue to expand partnerships throughout the region.

"Although for many years New Paltz has supplied faculty expertise and talented graduates across the Hudson Valley," said Poskanzer, "this new center will let us raise the visibility and impact of such intellectual engagement to a whole new level."

The Office of Institutional Research, Design and Printing Services, Public Affairs and the Office of Finance prepared the study, which breaks down the financial contributions the college made to the region and the state during the 2005