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Putnam County – Colleges/Universities 2023-2024

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Universities play a crucial role in shaping local economies by driving employment, fostering business growth, attracting investment, and enhancing the overall quality of life in their host communities. Their economic impact extends beyond direct spending to include long-term benefits such as workforce development, innovation, and cultural enrichment. Below, we explore the key ways in which a university influences a local economy.

  1. Direct Employment and Spending A university is often one of the largest employers in a local area, providing jobs for faculty, administrative staff, maintenance workers, and other professionals. These employees spend their salaries on housing, groceries, transportation, and entertainment, injecting money into the local economy. Additionally, universities spend significant amounts on construction, utilities, and local services, further stimulating business activity.

    Students also contribute to local spending. Many bring outside money into the community through tuition payments, federal aid, and personal expenditures on rent, food, and retail. A large student population can sustain businesses such as bookstores, coffee shops, restaurants, and housing providers.

  2. Business Development and Entrepreneurship Universities often serve as hubs for innovation and entrepreneurship. Research institutions, business incubators, and technology transfer offices help commercialize academic research, leading to startup formation and industry partnerships. For example, Stanford University's role in Silicon Valley's growth demonstrates how academic institutions can spur regional economic development.

    Local businesses benefit from university partnerships, including procurement contracts for supplies, catering, and maintenance services. Furthermore, universities attract conferences, sporting events, and cultural activities that generate tourism revenue for hotels, restaurants, and transportation services.

  3. Human Capital and Workforce Development A well-educated workforce is essential for economic competitiveness. Universities produce graduates with specialized skills that attract high-paying industries, such as technology, healthcare, and finance. Many graduates remain in the area, filling critical roles in local businesses and government.

    Universities also offer continuing education programs, professional certifications, and workforce training initiatives that help upskill local employees, making the regional labor market more adaptable to industry changes.

  4. Real Estate and Infrastructure Growth The presence of a university can drive demand for housing, both from students and faculty. This often leads to the development of new apartments, condominiums, and mixed-use commercial spaces. Over time, universities contribute to urban revitalization by investing in campus expansions, public transit improvements, and community amenities like libraries and parks.

    However, rapid growth can also lead to challenges, such as rising housing costs and gentrification, which may displace long-term residents. Local governments must balance economic expansion with policies that ensure affordable housing and equitable development.

  5. Cultural and Social Contributions Beyond economics, universities enrich local culture through arts programs, public lectures, and athletic events. These activities improve residents' quality of life, making the area more attractive to businesses and skilled workers. A vibrant university town often sees increased property values and a more diverse, engaged community.


Conclusion

The economic impact of a university on a local economy is multifaceted, encompassing job creation, business growth, talent development, and infrastructure investment. While challenges such as affordability and displacement must be managed, the long-term benefits-including innovation, increased tax revenues, and a more dynamic workforce-make universities vital engines of regional prosperity. By fostering collaboration between academia, government, and industry, communities can maximize these advantages while ensuring inclusive growth.
 
Be'er Yaakov Talmudic Seminary
The College of Westchester  
Yeshivath Viznitz  
Dominican University New York  
New York Medical College  
Sarah Lawrence College  
University of Connecticut-Stamford  
Manhattanville College  
Vassar College  
Uta Mesivta of Kiryas Joel  
Bard College  
Culinary Institute of America  
Western Connecticut State University  
United States Military Academy  
Orange County Community College  
Rockland Community College  
Dutchess Community College  
Marist College  
Mercy University  
SUNY Westchester Community College  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
NA
NA

4,444
4,587

9,031
25
16
4
46
0
0
2
4
2

9,031
10
63
26
0

0

19

5,036
5,326
5,410
5,696


NA
NA
NA

21,996
21,996
28,786

12,296
12,296
19,086

1,166
NA
NA
NA
NA
NA

346
0
0
15
72
67
18
68
39
3
10
0
107
12
0
757
85
16

5,896
2,878

8,774
21
23
6
43
0
0
2
2
3

6,482
16
60
24
0

2,292

15

20,378
20,734
21,358
22,106


42,438
42,438
42,438

37,378
37,378
37,378

27,738
27,738
27,738

50
1,295
741
0
33
0

449
0
0
3
11
185
75
23
15
2
3
0
132
0
0
898
65
19

5,398
1,054

6,452
65
4
4
12
0
0
3
8
4

5,545
10
88
2
0

907

16

42,390
43,410
44,660
46,140


68,410
68,410
68,410

70,675
70,675
70,675

51,265
51,265
51,265

0
1,267
437
0
33
0

348
0
0
9
21
127
29
52
126
12
124
0
111
20
0
979
NA
NA

2,576
3,811

6,387
49
12
3
25
0
0
4
7
1

6,387
39
47
14
0

0

20

4,896
4,976
5,174
5,346


25,455
25,455
30,255

25,455
25,455
30,255

10,195
10,195
14,995

719
NA
NA
NA
NA
NA

194
0
0
6
60
16
50
15
16
2
47
0
41
7
5
459
NA
NA

2,724
3,039

5,763
27
18
5
36
0
0
3
7
3

5,763
30
51
19
0

0

20

5,618
5,720
6,120
6,398


NA
NA
NA

25,388
25,388
30,910

16,328
16,328
21,850

713
NA
NA
NA
NA
NA

193
0
0
6
77
65
6
2
20
0
55
2
82
12
0
520
NA
NA

2,183
3,189

5,372
38
14
3
23
0
0
2
20
0

5,372
31
51
18
0

0

18

6,094
6,094
6,262
6,382


NA
NA
NA

24,328
24,328
29,992

10,964
10,964
16,628

638
NA
NA
NA
NA
NA

183
0
0
8
81
37
39
23
46
2
51
0
79
12
0
561
14
76

4,508
0

4,508
62
10
11
11
1
1
1
1
1

4,508
0
99
1
0

0

7

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
963
0
0
0
0

242
0
0
39
76
163
296
111
61
1
262
11
144
130
254
1,790
81
16

3,067
1,070

4,137
51
9
5
27
0
0
5
3
0

3,542
4
84
12
0

595

11

11,781
11,781
12,345
12,763


30,552
30,552
33,884

31,577
31,577
34,909

16,780
16,780
20,112

6
847
202
0
6
0

289
0
0
15
39
33
31
30
51
4
62
0
50
25
0
629
92
34

2,984
120

3,104
47
7
7
19
0
0
5
4
10

2,989
2
83
15
0

115

19

34,650
35,550
36,620
38,410


59,130
59,130
59,130

59,910
59,910
59,910

43,860
43,860
43,860

604
367
41
0
0
0

159
0
0
3
17
200
69
16
10
4
87
4
18
32
6
625
52
12

2,534
388

2,922
43
11
3
12
0
0
6
8
17

2,453
1
76
22
0

469

9

56,036
57,968
60,270
63,612


84,852
84,852
84,852

79,812
79,812
79,812

69,812
69,812
69,812

130
428
165
2
0
0

266
12
0
35
107
90
69
31
81
7
52
0
80
109
5
944
NA
NA

2,729
0

2,729
100
0
0
0
0
0
0
0
0

2,729
27
73
0
0

0

16

13,500
14,500
14,500
15,000


22,800
22,800
22,800

24,600
24,600
24,600

21,600
21,600
21,600

0
403
0
0
0
0

181
0
0
0
0
8
10
2
0
0
31
0
8
0
0
240
18
32

2,434
22

2,456
55
4
12
12
0
0
8
2
7

2,456
2
97
1
0

0

8

60,930
62,870
64,800
67,805


87,470
87,470
87,470

87,970
87,970
87,970

70,055
70,055
70,055

0
624
0
0
0
0

317
0
0
40
38
66
149
48
27
11
272
0
121
7
0
1,096
85
10

1,594
785

2,379
55
9
3
26
0
0
2
3
2

1,329
8
83
9
0

1,050

12

40,330
40,380
41,210
42,950


60,960
60,960
60,960

60,652
60,652
60,652

47,650
47,650
47,650

0
396
274
24
0
0

155
0
0
5
19
105
7
1
27
7
3
0
39
10
1
379
80
11

2,061
179

2,240
30
15
11
34
0
0
4
1
6

2,240
8
86
6
0

0

19

15,256
15,888
16,650
17,472


40,290
40,290
62,958

37,556
37,556
60,224

22,450
22,450
45,118

0
55
18
4
4
0

25
4
1
1
1
4
5
8
5
11
8
0
22
5
0
100
59
14

1,681
62

1,743
59
4
5
10
0
0
6
11
6

1,521
0
99
1
0

222

10

57,520
59,470
61,234
63,678


82,624
82,624
82,624

82,624
82,624
82,624

65,078
65,078
65,078

0
312
114
0
0
0

164
0
0
8
11
111
5
13
22
6
46
0
26
0
0
412
NA
NA

1,287
183

1,470
41
9
20
13
0
0
3
7
6

0
NA
NA
NA
NA

1,470

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
126
15
247
0

189
2
0
12
0
121
13
17
0
54
36
0
107
0
0
551
79
16

1,207
171

1,378
27
15
6
36
0
0
2
11
4

1,089
3
86
11
0

289

14

30,720
31,460
32,120
33,060


53,830
53,830
53,830

48,510
48,510
48,510

38,510
38,510
38,510

3
294
100
0
50
0

108
0
0
5
9
36
11
6
26
5
6
0
37
0
0
249
94
100

1,148
0

1,148
100
0
0
0
0
0
0
0
0

921
38
62
0
0

227

7

8,640
8,640
9,440
9,900


20,400
20,400
20,400

34,100
34,100
34,100

20,000
20,000
20,000

0
83
0
0
0
0

125
0
0
0
0
1
2
0
0
0
10
0
4
0
0
142
95
24

651
240

891
6
33
3
48
0
0
6
4
0

891
12
45
43
0

0

20

22,410
22,410
23,598
24,705


NA
NA
NA

39,990
39,990
39,990

30,470
30,470
30,470

123
102
0
0
0
0

36
0
0
1
28
16
13
6
6
0
0
0
8
0
0
114
NA
NA

679
0

679
100
0
0
0
0
0
0
0
0

679
25
75
0
0

0

17

10,460
11,490
12,200
12,300


20,500
20,500
20,500

38,070
38,070
38,070

18,550
18,550
18,550

0
89
0
0
0
0

39
0
0
0
3
6
2
0
0
0
4
0
5
0
0
59

Page 1 of 2
Bais Medrash of Dexter Park
Yeshiva Ohr Naftoli  
Rabbinical College Beth Shraga  
Bais Binyomin Academy  
Yeshiva Gedolah Kesser Torah  
Yeshiva D'monsey Rabbinical College  
Saint Vladimirs Orthodox Theological Seminary  
Ohr Hameir Theological Seminary  
Bais Medrash Elyon  
Cochran School of Nursing  
Montefiore School of Nursing  
Mechon L'hoyroa  
Yeshiva Shaar Ephraim  
Yeshiva Shaarei Torah of Rockland  
Kehilath Yakov Rabbinical Seminary  
Beth Medrash Meor Yitzchok  
Ohel Margulia Seminary  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
92
100

243
0

243
100
0
0
0
0
0
0
0
0

243
68
32
0
0

0

11

8,300
8,300
9,100
9,500


NA
NA
NA

34,500
34,500
34,500

22,600
22,600
22,600

94
NA
NA
NA
NA
NA

23
0
0
0
0
0
1
0
0
0
4
0
3
0
0
31
52
98

222
0

222
97
0
0
0
0
0
0
0
3

222
42
58
0
0

0

22

10,400
11,400
11,600
12,600


25,700
25,700
25,700

37,600
37,600
37,600

25,700
25,700
25,700

48
7
0
0
0
0

10
0
0
0
0
1
1
0
0
0
5
0
0
0
0
17
NA
NA

206
0

206
100
0
0
0
0
0
0
0
0

206
41
59
0
0

0

15

10,300
11,200
11,800
12,800


17,850
17,850
17,850

17,550
17,550
17,550

15,450
15,450
15,450

0
18
0
0
0
0

11
0
0
0
0
2
0
0
0
0
3
0
0
0
0
16
35
53

141
0

141
91
0
0
0
0
0
0
0
9

141
4
79
16
0

0

11

13,750
15,115
15,775
13,000


22,780
22,780
22,780

38,000
38,000
38,000

26,100
26,100
26,100

7
17
0
0
0
0

13
0
0
0
0
0
3
0
0
0
8
0
1
0
0
25
NA
NA

138
0

138
100
0
0
0
0
0
0
0
0

138
42
58
1
0

0

10

18,175
19,575
14,175
16,975


26,375
26,375
26,375

29,675
29,675
29,675

21,475
21,475
21,475

38
8
0
0
0
0

17
0
1
0
1
1
1
0
0
0
0
0
2
2
0
25
NA
NA

124
0

124
100
0
0
0
0
0
0
0
0

124
0
90
10
0

0

21

NA
NA
11,050
11,800


NA
NA
NA

36,800
36,800
36,800

20,900
20,900
20,900

0
14
0
0
0
0

6
2
0
0
0
1
2
0
0
0
1
0
1
0
0
13
NA
NA

1
114

115
11
34
3
42
0
0
3
7
0

115
0
13
87
0

0

9

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

32
NA
NA
NA
NA
NA

10
0
0
0
0
1
2
0
0
0
0
0
2
0
0
15
NA
NA

1
111

112
23
28
9
32
2
0
4
1
1

112
0
10
90
0

0

3

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

48
NA
NA
NA
NA
NA

20
0
0
1
3
2
0
0
0
0
0
0
2
0
0
28
80
100

92
3

95
100
0
0
0
0
0
0
0
0

41
5
90
5
0

54

19

8,600
8,600
8,600
8,600


19,500
19,500
19,500

33,600
33,600
33,600

21,700
21,700
21,700

0
3
0
0
0
0

5
0
0
0
0
0
2
0
0
0
0
0
1
0
0
8
NA
NA

94
0

94
97
0
0
0
0
0
0
0
3

94
3
97
0
0

0

16

12,250
12,500
12,750
10,150


20,800
20,800
20,800

NA
NA
NA

NA
NA
NA

15
0
0
0
0
0

6
0
0
0
0
2
0
0
0
0
3
0
1
0
0
12
NA
NA

69
21

90
50
1
18
4
0
0
4
2
20

0
NA
NA
NA
NA

90

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
27
0
1
0

13
0
0
1
1
4
2
2
11
0
0
3
2
3
0
42
42
100

86
0

86
100
0
0
0
0
0
0
0
0

86
40
60
0
0

0

14

7,500
8,000
8,600
9,200


20,600
20,600
20,600

33,750
33,750
33,750

19,300
19,300
19,300

0
13
0
0
0
0

6
0
0
0
0
0
1
0
0
0
1
0
0
0
0
8
36
80

82
0

82
98
0
0
0
0
0
0
0
2

82
4
96
0
0

0

16

11,300
11,300
12,100
9,600


18,900
18,900
18,900

34,600
34,600
34,600

19,700
19,700
19,700

0
9
0
0
0
0

5
0
0
0
0
1
0
0
0
0
0
0
0
0
0
6
79
92

50
0

50
94
0
0
0
0
0
0
0
6

50
38
62
0
0

0

10

9,650
10,050
10,050
9,450


22,050
22,050
22,050

35,950
35,950
35,950

19,550
19,550
19,550

0
0
0
0
0
0

5
0
0
0
0
1
0
0
0
0
2
0
0
0
0
8
93
100

48
0

48
94
0
0
0
0
0
0
0
6

48
54
46
0
0

0

12

14,250
14,750
15,450
16,150


29,150
29,150
29,150

40,750
40,750
40,750

26,250
26,250
26,250

8
3
0
0
0
0

4
0
0
0
0
1
2
0
0
0
2
0
1
0
0
10
81
100

43
0

43
98
0
0
0
0
0
0
0
2

43
49
51
0
0

0

14

9,926
10,230
10,430
10,550


21,700
21,700
21,700

NA
NA
NA

NA
NA
NA

21
0
0
0
0
0

3
0
0
0
0
1
1
0
0
0
0
0
0
0
0
5
92
100

20
2

22
100
0
0
0
0
0
0
0
0

22
5
55
41
0

0

8

9,600
9,600
10,000
11,000


NA
NA
NA

36,000
36,000
36,000

24,100
24,100
24,100

18
9
0
0
0
0

5
0
0
0
0
1
2
0
0
0
0
0
0
0
0
8

Page 2 of 2


Sources: STI: PopStats and STI: Colossus