An economic impact report compiled by Stony Brook University’s John A. Rizzo, professor
of economics and population, and supported by the University’s Office of Economic
Development, attests to the institution’s vast economic influence on the regional
and global economy. The report found that Stony Brook University’s annual economic
impact on Long Island totaled an impressive $7.23 billion in increased output, $2.39
billion in earnings and 54,637 local jobs. In addition, the University’s graduates
increased aggregate economic output worldwide by $15.3 billion, supporting an impressive
99,815 jobs
.
The study, which employed a methodology developed by the U.S. Bureau of Economic Analysis,
found that the University’s economic activity supports eight percent of all jobs in
Suffolk County and accounts for three percent of all economic activity in Nassau and
Suffolk Counties.
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