Suffolk Reporter

Stony Brook University has demonstrated significant economic influence on Long Island, according to a recent study titled "The Impact of Stony Brook University." The report indicates that the university has contributed $8.93 billion to the Long Island economy and generated $3.42 billion in earnings, representing over three percent of economic activity in Nassau and Suffolk Counties. Furthermore, the university supports more than 55,000 jobs, which constitutes eight percent of all employment in Suffolk County.

The study was conducted by John A. Rizzo, PhD, a professor of Economics and Population at Stony Brook University. This is his second analysis on the subject; the previous one was completed in 2019. Professor Rizzo describes Stony Brook as Long Island's largest single-site employer.

"This study confirms that Stony Brook’s economic impacts are far-ranging," said John A. Rizzo. "From increasing the productivity of its students through graduate and undergraduate education to providing economic benefits to businesses and workers throughout Long Island."

The report also examines the indirect effects of student spending in areas such as off-campus meals, entertainment, and retail purchases. It estimates that these expenditures have added $288.2 million directly into the economy—a 21% increase from 2016—boosting economic output by $374.6 million and supporting 2,547 jobs.

On a global scale, alumni contributions have resulted in annual earnings of $27.73 billion over four decades, translating to an aggregate economic output of $36.1 billion worldwide and supporting 245,153 jobs.

For further details on Stony Brook University's economic impact, visit their website.