The analysis, based on 2019 information, also shows that the University is the largest private employer based in upstate New York and the seventh largest private employer in the state.<\/p>\n
\u201cThe growth in the University\u2019s scientific, education, and health care missions, fueled by public support and philanthropy, generates a significant impact on the region\u2019s economy in the form of innovation, entrepreneurship, and employment,\u201d said Sarah Mangelsdorf, president of the University of Rochester. \u201cAt the same time, we recognize that the University has a broader responsibility to improve the lives and health of our community members and to work with community partners to revitalize the City of Rochester and build bridges to economic opportunity.\u201d<\/p>\n
Latest in a series to assess the University\u2019s economic impact<\/strong><\/h3>\nThe report is the eighth in a series of biennial assessments by CGR of the employment and payroll, capital expenditures, purchasing, student and visitor spending, and tax impact of the University of Rochester, UR Medicine, and its affiliates.<\/p>\n
UR Medicine<\/a> affiliates include Highland Hospital, F.F. Thompson, Noyes Health, St. James Hospital, and Jones Memorial Hospital, and many of those institutions are the largest employers in their respective communities.<\/p>\nThe CGR analysis finds that the job impact of the University\u2014both in terms of direct employment and spillover effect\u2014has more than doubled since CGR started compiling the reports in 2006 and sustains a total of nearly 68,000 jobs in the New York State economy.<\/p>\n
Other findings in the CGR report include:<\/p>\n
\n- In 2019, the University had 32,408 employees (28,261 full-time equivalents), a growth of 5 percent since 2017;<\/li>\n
- The University paid $2.2 billion in wages in 2019, and was responsible for $4.7 billion in direct and spillover income;<\/li>\n
- Over the last five years, the University has averaged about $324 million annually in capital investment spending, providing steady employment to the region\u2019s construction industry;<\/li>\n
- Spending and employment contributed $300 million in sales, income, and property taxes in 2019;<\/li>\n
- The University attracts an average of $425 million in external research funding per year;<\/li>\n
- The University purchased goods and services totaling approximately $1.3 billion in 2019.<\/li>\n<\/ul>\n
Economic impact of new initiatives<\/strong><\/h3>\nThe report also assesses the impact of several new University initiatives.<\/p>\n
The University\u2019s Laboratory for Laser Energetics has proposed building a next-generation laser user facility dedicated to the study of ultrahigh intensity laser-matter interactions. CGR estimates the $145 million project, called EP-OPAL, will create 250 to 270 new jobs and increase annual research funding by $10 to $12 million.<\/p>\n
A new $227 million UR Medicine Ambulatory Orthopedics & Physical Performance Center at Marketplace Mall, the largest off-campus capital project in the University\u2019s history, will create almost 1,000 construction jobs.<\/p>\n
And the Wilmot Cancer Institute\u2019s campaign to regain National Cancer Institute designation will not only help reduce the significant burden of cancer on our region, but also generate growth in research and clinical activities that are estimated to create 1,900 jobs.<\/p>\n
\u201cThe University\u2019s economic significance cannot be captured by the simple sum of jobs and payroll,\u201d said Kent Gardner, principal and chief economist for CGR. \u201cThrough its diversity of employment opportunities\u2014from direct patient care at Golisano Children\u2019s Hospital through cutting-edge research at the Wilmot Cancer Center or Laboratory for Laser Energetics\u2014the University offers a career ladder for residents and a reason for global talent to relocate to Rochester. As the center of Rochester\u2019s cultural life, it also supports the retention of our most talented residents, a key element of community stability.\u201d<\/p>\n
\u201cThe University of Rochester serves as a critical engine to drive business growth throughout the Greater Rochester, New York, region, providing world-class R&D assets and well-trained students to fuel the community\u2019s talent pipeline,\u201d said Matt Hurlbutt, president and CEO of Greater Rochester Enterprise. \u201cWe value the University of Rochester\u2019s partnership and investment in Greater Rochester Enterprise\u2019s initiatives to foster the growth of the regional economy.\u201d<\/p>\n
The report includes a list compiled by CGR of the state\u2019s largest private employers.\u00a0The University of Rochester, UR Medicine, and its affiliates were ranked the seventh largest in the state, and the largest upstate-based employer. Six of the top 10 highest ranked private employers are universities with academic medical centers or health systems.<\/p>\n
\nRead more<\/strong><\/h3>\n\n![\"image](\"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2018\/06\/fea-aerial-campus-city.jpg\")
New report details growth of University of Rochester <\/strong><\/a>
\nThe University of Rochester has added 9,000 employees over the decade since 2006. <\/span><\/div>\n
The CGR analysis finds that the job impact of the University\u2014both in terms of direct employment and spillover effect\u2014has more than doubled since CGR started compiling the reports in 2006 and sustains a total of nearly 68,000 jobs in the New York State economy.<\/p>\n
Other findings in the CGR report include:<\/p>\n
- \n
- In 2019, the University had 32,408 employees (28,261 full-time equivalents), a growth of 5 percent since 2017;<\/li>\n
- The University paid $2.2 billion in wages in 2019, and was responsible for $4.7 billion in direct and spillover income;<\/li>\n
- Over the last five years, the University has averaged about $324 million annually in capital investment spending, providing steady employment to the region\u2019s construction industry;<\/li>\n
- Spending and employment contributed $300 million in sales, income, and property taxes in 2019;<\/li>\n
- The University attracts an average of $425 million in external research funding per year;<\/li>\n
- The University purchased goods and services totaling approximately $1.3 billion in 2019.<\/li>\n<\/ul>\n
Economic impact of new initiatives<\/strong><\/h3>\n
The report also assesses the impact of several new University initiatives.<\/p>\n
The University\u2019s Laboratory for Laser Energetics has proposed building a next-generation laser user facility dedicated to the study of ultrahigh intensity laser-matter interactions. CGR estimates the $145 million project, called EP-OPAL, will create 250 to 270 new jobs and increase annual research funding by $10 to $12 million.<\/p>\n
A new $227 million UR Medicine Ambulatory Orthopedics & Physical Performance Center at Marketplace Mall, the largest off-campus capital project in the University\u2019s history, will create almost 1,000 construction jobs.<\/p>\n
And the Wilmot Cancer Institute\u2019s campaign to regain National Cancer Institute designation will not only help reduce the significant burden of cancer on our region, but also generate growth in research and clinical activities that are estimated to create 1,900 jobs.<\/p>\n
\u201cThe University\u2019s economic significance cannot be captured by the simple sum of jobs and payroll,\u201d said Kent Gardner, principal and chief economist for CGR. \u201cThrough its diversity of employment opportunities\u2014from direct patient care at Golisano Children\u2019s Hospital through cutting-edge research at the Wilmot Cancer Center or Laboratory for Laser Energetics\u2014the University offers a career ladder for residents and a reason for global talent to relocate to Rochester. As the center of Rochester\u2019s cultural life, it also supports the retention of our most talented residents, a key element of community stability.\u201d<\/p>\n
\u201cThe University of Rochester serves as a critical engine to drive business growth throughout the Greater Rochester, New York, region, providing world-class R&D assets and well-trained students to fuel the community\u2019s talent pipeline,\u201d said Matt Hurlbutt, president and CEO of Greater Rochester Enterprise. \u201cWe value the University of Rochester\u2019s partnership and investment in Greater Rochester Enterprise\u2019s initiatives to foster the growth of the regional economy.\u201d<\/p>\n
The report includes a list compiled by CGR of the state\u2019s largest private employers.\u00a0The University of Rochester, UR Medicine, and its affiliates were ranked the seventh largest in the state, and the largest upstate-based employer. Six of the top 10 highest ranked private employers are universities with academic medical centers or health systems.<\/p>\n
\nRead more<\/strong><\/h3>\n
\nNew report details growth of University of Rochester <\/strong><\/a>
\nThe University of Rochester has added 9,000 employees over the decade since 2006. <\/span><\/div>\n
![\"image](\"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2017\/11\/fea-city-skyline.jpg\")
Understanding the University\u2019s economic impact<\/strong><\/a>![\"image](\"https:\/\/www.rochester.edu\/newscenter\/wp-content\/uploads\/2016\/06\/2015-05-08_campus_aerials_369.jpg\")
University\u2019s economic impact expands across New York State<\/strong><\/a>