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St. John Fisher’s economic impact tops $120.7M

St. John Fisher College’s economic impact during the 2016 fiscal year was $120.7 million, a report released this week states.

The Pittsford college partnered with Appleseed, a New York City-based consulting firm, to conduct an economic impact study evaluating data from the 2015-2016 academic year.

The study found:

  • from 2005 to 2015 non-student employment at the the college increased by more than 41 percent;
  • as of 2015 St. John Fisher employed over 900 people, with salaries and wages totaling nearly $43.7 million; and
  • despite its tax-exempt status, the college directly accounted for nearly $2.1 million in state and local government revenues.

“Since its founding, St. John Fisher College has remained committed to serving the needs of our local and regional community,” said Gerard Rooney, president of St. John Fisher, in a statement. “This study points to the many ways in which we serve as an anchor institution, providing solutions and innovations to help make Rochester and its surrounding region a vibrant place to live.”

The study also found that in fall 2015, over 96 percent of all students enrolled were residents of New York, including 57 percent from the Rochester area.

As of summer 2015, 61 percent of all college alumni lived in the Rochester area and in Monroe County, over 6 percent of all residents who earned a bachelor’s or higher degree were St. Fisher graduates, the report states.

“In an array of important sectors, including accounting, legal, health care, small business and large business, and many more, we know that Fisher alumni make significant contributions to the local community as a great place to live and work,” said Martin Birmingham, chairman of the board of trustees.

The college’s students spent a combined total of 393,050 hours working as volunteers during the study’s time frame. Also 230 employees of St. John Fisher reported spending approximately 20,000 hours engaged in volunteer work.

“This study confirms the positive impact of the College on the regional economy today and in its future outlook,” Birmingham said.

The full economic impact report can be found here.

Follow Kerry Feltner on Twitter: @KerryFeltner

(c) 2017 Rochester Business Journal. To obtain permission to reprint this article, call 585-363-7269 or email madams@bridgetowermedia.com.

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