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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.