Economic Impact

Economic Impact

ECONOMIC IMPACT

Canisius is a medium-sized institution that has a big impact on the local economy. The faculty and staff we employ, the purchases we make and the capital projects we complete create economic benefits throughout the region. Our 2012-13 annual budget of $93,000,000 would rank Canisius as the 12th largest private company in Western New York.*

 *If Canisius were ranked as a private company in Business First’s 2013 listing of the region’s largest private companies.  

People Power*

Canisius employs 616 full-time faculty and staff and 291 part-time individuals. The salaries, wages and benefits of these employees represent $53.7 million.  

30.5 percent of full-time faculty and staff live in the city of Buffalo.  

Buying Power

In 2011, the New York State Commission on Independent Colleges and Universities (CICU) completed an economic impact study of New York’s more than 100 private colleges and universities. Canisius’ direct spending was $97.4 million, with institutional spending, plus construction and spillover amounting to $211.6 million. With student and visitor impact estimated at $45.4 million, the college’s total direct and spillover economic impact was $257 million.  


 *As of May 31, 2013.