A new economic analysis reveals The City College of New York generated nearly $3.7 billion in regional economic impact during the 2023-24 fiscal year, marking a significant contribution to local prosperity. According to labor analytics firm Lightcast, the institution’s influence extends far beyond its campus, with its financial ripple effects reaching nearly twice the previous estimate. The findings highlight how higher education institutions can serve as major economic drivers in their communities. The study underscores the broader role colleges play in shaping workforce development and regional financial health.
In its latest study of The City College of New York's impact on the regional economy, labor analytics firm Lightcast pegs the figure at an astounding $3.7 billion in fiscal year 2023-24. This is half ...
