Economic Impact Study Footnotes

¹For purposes of calculating the economic impact of St. John Fisher University spending, employee health insurance is treated as a purchased service, allocated according to full-time employees’ place of residence.

²As might be expected, the impact of Fisher’s spending on payroll, purchasing and construction is somewhat greater at the regional level than at the Monroe County level, and greater at the state level than at the regional level. However, since in analyzing the impact of student spending we include only spending by students from outside Monroe County (at the county level), from outside the greater Rochester area (at the regional level) or from outside New York state (at the state level), the impact of student spending is greater at the county level than at the regional and state levels. As a result, the combined impacts of Fisher, student and visitor spending shown in Tables 5, 6 and 7 are slightly greater at the county level than at the regional and state levels.

³Ross DeVol et al., A Matter of Degrees: The Effect of Educational Attainment on Regional Economic Prosperity, The Milken Institute, February 2013, p.1.

⁴Boston Planning and Development Agency, Boston's Economy 2019, September 2019, p. 17.

⁵Enrico Moretti, The New Geography of Jobs, (New York: Houghton Mifflin Harcourt, 2012), p. 98.

⁶U.S. Department of Education, Institute of Education Sciences, National Center for Education Statistics, IPEDS: Integrated Postsecondary Education Data System.

⁷U.S. Census Bureau, 2021 American Community Survey (1-Year Estimates), Social Explorer.

⁸St. John Fisher University, Class of 2022 First Destinations Summary Report.

⁹PayScale, 2021-22 College Salary Report.