{"id":282532,"date":"2017-11-14T12:51:41","date_gmt":"2017-11-14T17:51:41","guid":{"rendered":"http:\/\/www.rochester.edu\/newscenter\/?p=282532"},"modified":"2017-11-15T09:38:52","modified_gmt":"2017-11-15T14:38:52","slug":"understanding-the-universitys-economic-impact-282532","status":"publish","type":"post","link":"https:\/\/www.rochester.edu\/newscenter\/understanding-the-universitys-economic-impact-282532\/","title":{"rendered":"Understanding the University’s economic impact"},"content":{"rendered":"

\"Community<\/a>The University of Rochester is more than an institution of higher education; it’s an economic engine for the nine-county region and beyond. There are many factors that help the University drive the economy, but it begins with employment.<\/p>\n

Its workforce exceeds 30,000, making it the largest employer in Upstate New York, and the sixth largest employer in all of New York. And a sizeable workforce, of course, means high numbers of people are spending portions of their paychecks to buy groceries, clothing, and a multitude of goods and services in their communities.<\/p>\n

The University also brings a great deal of money into the region through research funding, which, in turn, supports its academic mission while pumping more money into local businesses and nonprofits.<\/p>\n

And growth at the University also means more capital investments. The increased economic presence of the University is reflected in the continued development of its infrastructure at the Medical Center, River Campus, the Eastman School of Music, and beyond.<\/p>\n