Economic Impact

RIT contributes significantly to the town, county and state economy. We provide direct employment for over 4,000 people. RIT serves as a cornerstone for investment, and fuels the local economy though our operations and activities. In 2011, RIT’s total economic impact exceeded $1,200,000,000.  Examples of RIT’s economic contributions to the community include:

• $486,753,952 in total direct institutional spending
• $42,421,957 in construction spending
• $1,091,116,137  institutional, construction and spillover impact
• $495,194,253 in labor compensation
• $140,152,673 in student and visitor impact
• $26,030,458 in NYS Personal Income Tax Revenue
• $7,646,284 State & Local Sales Tax Revenue
• 8,359 direct & spillover jobs

Additional information may be found in the downloadable “RIT Economic Impact Study” report by the Center for Governmental Research.