3 Economic impact analysis SUNY WCC promotes economic growth in Westchester County through its direct expenditures and the resulting expenditures of students and county businesses. The college serves as an employer and buyer of goods and services for its day-to-day operations. The college’s activities retain students in Westchester County, whose expenditures benefit county vendors. In addition, SUNY WCC is a primary source of higher education to Westchester County residents and a supplier of trained workers to county industries, enhancing overall productivity in the county workforce. Operations spending impact SUNY WCC adds economic value to Westchester County as an employer of county residents and a large-scale buyer of goods and services. In FY 202122, the college employed 1,264 full-time and part-time faculty and staff, 62% of whom lived in Westchester County. Total payroll at SUNY WCC was $94.4 million, much of which was spent in the county for groceries, mortgage and rent payments, dining out, and other household expenses. In addition, the college spent $24.1 million on day-today expenses related to facilities, supplies, and professional services. SUNY WCC’s day-to-day operations spending added $109.6 million in income to the county during the analysis year. This figure represents the college’s payroll, the multiplier effects generated by the in-county spending of the college and its employees, and a downward adjustment to account for funding that the college received from county sources. The $109.6 million in added income is equivalent to supporting 1,363 jobs in the county. Student spending impact Some in-county students, referred to as retained students, would have left Westchester County if not for the existence of SUNY WCC. While attending the college, these retained students spent money on groceries, accommodation, transportation, and other household expenses. This spending generated $10 million in added income for the county economy in FY 2021-22, which supported 108 jobs in Westchester County. Alumni impact The education and training SUNYWCC provides for county residents has the greatest impact. Since the establishment of the college, students have studied at SUNYWCC and entered the county workforce with greater knowledge and new Economic impact analysis Impacts created by SUNY WCC in FY 2021-22 Operations spending impact $109.6 million Student spending impact $10.0 million Alumni impact $466.1 million OR Total economic impact $585.6 million Jobs supported 5,837
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