FREDONIA – The State University of New York at Fredonia has released an economic impact report detailing the results of a third-party study conducted to determine the university’s influence on the local, regional and state economy.
The study, which focused on Fredonia’s 2012-13 fiscal year, revealed a total economic impact of more than $157 million annually in the “local” region, which the study defined as the municipalities of Fredonia, Dunkirk and Sheridan. The university’s regional impact, which includes all of Chautauqua, Erie and Cattaraugus counties, exceeded $204 million, annually, while statewide impact surpassed $330 million.
The study was conducted by the University at Buffalo’s Regional Institute and commissioned by Fredonia’s Division of Engagement and Economic Development.
In 2012-13, Fredonia employed nearly 1800 faculty and staff, had over 5200 enrolled students and also included 421 faculty retirees, 42,736 alumni and 87,755 annual visitors.
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