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Economic Impact

Farmingdale State College is critical to the regional economy, providing the education and training for the future workforce and developing the academic curriculum that prepares students to meet industry needs. The college also conducts research in many important areas, producing technologies that create jobs and economic prosperity. According to a February 2009 study –"Fueling the Long Island Economy: The Economic Impact of Farmingdale State College"– conducted by the Long Island Association, the College had a $1.1 billion impact and was responsible for the creation of more than 10,000 jobs. The study was based on industry-specific multipliers from the RIMS II input-output model of the Long Island economy.The model was developed by the Bureau of Economic Analysis of the U.S. Commerce Department.

To view the full study, please visit: Impact Report

Partnerships with industry have propelled Farmingdale into a leading role in economic development. For example, the Small Business Development Center, one of the largest and most productive in New York State, has worked with more than 24,000 clients who, in turn, have invested in excess of $279 million in the Long Island economy. Farmingdale State students are engaged in a variety of internship, clinical, and guided research activities. In 2008, the College reported that 536 students participated in such experiential learning. In addition, Farmingdale students are largely recruited from the Long Island region and tend to stay, live, and gain employment on Long Island. For instance:

Year # of firms hiring FSC grads # of firms from NYS # of firms from LI
2004 209 200 174
2005 225 218 192
2006 140 128 103
2007 120 117 112