Home / Knowledge / News / Textiles / Cornell is a state powerhouse, generates $3.3 bn in 2005

Cornell is a state powerhouse, generates $3.3 bn in 2005

09
Feb '07
Cornell University powered an estimated $3.3 billion in economic activity and directly and indirectly generated over 36,000 jobs in New York State in 2005, according to a university economic impact statement released Feb. 8. Cornell also led the state with its $561 million in research spending while ranking 11th nationwide in research spending in 2005.

Commissioned by former Cornell President Hunter Rawlings and endorsed by President David Skorton, the report, "The Economic Impact on New York State," shows how Cornell serves as a powerful economic force by generating economic activity through its purchase of goods and services, salaries, capital construction and more, particularly in central New York and New York City. The report says that Cornell generated close to $1.8 billion in central New York and up to $1.06 billion in New York City in 2005.

"This report constitutes a new and important data point in our effort to understand the additional effects of our institution's far-reaching educational and research activities on the life of our region and the well-being of our communities," said Skorton. "It helps underscore the fact that Cornell's contributions to the state's economy are the product of decades of investment in the institution -- both public and private, both intellectual and financial."

Commenting on the 114-page report, Cornell Provost Biddy Martin said, "While Cornell's economic data illustrate the impact the university has on New York state's economy, this report also shows that the university's greatest contributions are directly related to the quality and dedication of its faculty, staff and students, whose many accomplishments and contributions we have attempted to highlight."


Must ReadView All

Pic: Shutterstock

Retail | On 21st Sep 2021

US clothing stores sales up 0.1% MoM, 36.6% YoY in August: NRF

Retail sales in the US increased during August as consumer demand...

Pic: Shutterstock

Apparel/Garments | On 21st Sep 2021

Research paper urges Kenya to cultivate new export markets

To diversify its exports and markets, Kenya should endeavor to raise...

Pic: Shutterstock

Textiles | On 21st Sep 2021

Pakistan's textile & apparel exports rise 28.67% in July-Aug ’21

The value of textile and garment exports from Pakistan increased by...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Ensured payment of fee was least concern for students

Textile Industry, Head honchos

Textile Industry
Head honchos

Marry craft and utility

Simone Morgante,

Simone Morgante

Based out of Como, Italy, and with technological expertise of nearly 70...

Ghatit Laheru,

Ghatit Laheru

When the 2001 tremblor wrecked the Kachchh region of Gujarat throwing many ...

Rishav Bajoria & Subham Sengupta,

Rishav Bajoria & Subham Sengupta

Launched in October 2020, the Gumti app could not have come at a more...

Jacques Prigneaux, EDANA

Jacques Prigneaux
EDANA

EDANA has been the leading global association and voice of the nonwovens...

Thomas Ong P S, NanoTextile

Thomas Ong P S
NanoTextile

Malaysian company NanoTextile Sdn Bhd taps into the potentials of...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Abhishek Agarwal, Purple Style Labs

Abhishek Agarwal
Purple Style Labs

Late Indian fashion designer Wendell Rodricks, is known for his...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


September 2021

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search