Statement by CICU President Laura L. Anglin on Governor Cuomo’s Proposals to Establish a Innovation NY Network and to Create Innovation Hot Spots

News Date: 8/16/2013

Laura L. Anglin, President of the Commission on Independent Colleges and Universities, a statewide association for more than 100 private, not-for-profit campuses, said, “I applaud Governor Cuomo for proactively engaging higher education in service to the state’s economic development goals. New York’s globally recognized colleges and universities fuel innovation by attracting billions in research dollars and recruiting world-class faculty and students. Following discovery and prior to the launch of a product or firm is the delicate ‘pre-commercialization’ phase, during which funding and other supportive infrastructure are both rare and critical. Governor Cuomo’s proposed Innovation NY Network is a significant, timely step to encourage knowledge spillovers and bring academics together with business and industry to commercialize discoveries that are not yet ‘ripe’ for investor-driven investment. The proposed Innovation Hot Spots complement the investments that so many of our colleges and universities make in incubating new ventures. These efforts, coupled with the Innovation Venture Fund, are right for the times. We look forward to working with the Governor and the Legislature to support this important work that will lead to sustainable economic growth.”

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Background Facts

  • In FY 2010, higher education R&D expenditures were $61.23 billion for the United States, as reported in the National Science Foundation’s Higher Education Research and Development Survey. New York State ranks second among the states, with total public and private higher education R&D expenditures at $4.95 billion. See: http://www.cicu.org/news/matteroffact.php?chart=30
  • New York also ranks second in grants from the National Institutes of Health (NIH) with $1.56 billion; 97 percent of award dollars went to 20 research entities including Columbia University, Yeshiva University, University of Rochester, New York University, Cornell University, The Rockefeller University, New York Medical College, Albany Medical College, and Rensselaer Polytechnic Institute.
  • The Independent Sector has a substantial impact on the fiscal strength of the New York State. Statewide, with total payroll exceeding $23.1 billion for 373,800 direct, indirect and induced jobs, New York’s independent colleges and universities are major source of jobs in all regions. In total, the 100-plus independent colleges and universities in New York State contributed $63.2 billion to the state’s economy in 2011. This is an increase of $8.9 billion (16.4%) since 2009, and an uptick of $15.7 billion (33.1%) from 2007.
    • In 2011, direct institutional spending exceeded $50 billion and academic medical center spending totaled more than $8.9 billion.
    • New York’s independent, not-for-profit colleges and universities generated student and visitor spending of $4.3 billion.
    • Across the State, employees of Independent Sector colleges and universities, and others employed indirectly by these institutions, contributed an estimated $1.6 billion in state personal income tax revenue and state and local sales tax revenue. This amount marks an increase of 33% over 2009’s total of $1.2 billion, and an increase of 74% over 2005’s total, which was $918 million.
  • For every $1 million in research spending, 3.5 technology spin-offs are created. Statewide, this translates into 10,850 jobs.
  • Private colleges and universities in New York State are affiliated with 146 Nobel Prize winners. Additionally, the Independent Sector of higher education collectively produced 4,100 patents between 1969 and 2008.

About the Commission on Independent Colleges and Universities (CICU)

The Commission on Independent Colleges and Universities (CICU) represents the chief executives of New York's 100+ independent (private, not-for-profit) colleges and universities on issues of public policy. Member colleges compose the largest private sector of higher education in the world and confer most of the bachelor's degrees (54%), master's degrees (73%), and doctoral and first-professional degrees (79%) earned in New York State. www.cicu.org

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Contact: Jennifer Miller, Director of Communications (jennifer@cicu.org; 518-436-4781) or Terri Standish-Kuon, Vice President, Communications and Administration (terri@cicu.org)