NYSUNY 2020 Impact
UAlbany’s NYSUNY 2020 initiative outlines an exciting path for the University’s future.
Expanding Enrollment and Faculty Ranks
Albany will enroll more than 1,350 new undergraduate and graduate students, increasing access and preparing more students to become members of a highly educated, globally competitive workforce. The University’s enrollment growth plan also ensures affordability through $5.2 million in enacted TAP eligibility aid, as well as $2.5 million in increased student aid, ultimately increasing enrollment to 20,000 students.
All students at the University will benefit from the increased number of faculty and staff, expanded course and research offerings, and a reduced student‐faculty ratio. University growth by adding 187 new faculty, 355 research posts and 193 campus support jobs. In addition, 700 courses will be added to the University’s offerings.
Private and Federal Research Funding
Under UAlbany’s NYSUNY 2020 initiative, faculty and researcher hires across the University-wide strategic initiatives will add $117 million in cumulative research expenditures to an already substantial portfolio. By year five, 187 new faculty researchers alone will generate more than $43 million annually in additional research expenditures. With a significant investment in new researchers and support staff, NYSUNY 2020 will be the cornerstone to one of the largest hubs for innovation and R&D in the nation.
The NYSUNY 2020 program will draw on the University’s strengths in the following areas:
- Atmosphere and Environmental Sciences
- Biomedical and biotechnology studies
- Forensic science
- Cyber security and advanced data and analytics
Job Creation and Economic Growth
The University’s overall NYSUNY 2020 initiative will create 735 new permanent jobs, along with 1,587 new construction jobs, significantly building the University’s academic and research enterprise and growing the greater Capital Region economy.
Emerging Technology and Entrepreneurship Complex (E-TEC)
An integral aspect of University’s NYSUNY 2020 program is its Emerging Technology and Entrepreneurship Complex (E-TEC), designed to be a state-of-the-art research and development (R&D) hub for emerging technologies and entrepreneurial leadership.
E-TEC will bring together academic research centers with industry partners to accelerate cooperative R&D, technology transfer, business development and workforce training. By advancing and commercializing cutting-edge innovative research, E-TEC will bolster the economy of New York’s Capital Region and increase academic opportunities for UAlbany students.
To date, seven corporations and private spin‐off companies have expressed interest in co‐locating, collaborating and contracting with researchers at the R&D center, further adding to job growth projections.
Leveraging a $35 million grant from New York state under Governor Cuomo’s NY2020 initiative, the 225,000-square-foot center will be located on the east side of the Uptown campus near Life Sciences.
Overall, the University’s NYSUNY 2020 initiative will generate more than $1.8 billion in economic impact throughout the greater Capital Region - a return of over 50 times the investment of the NYSUNY 2020 Challenge Grant.
The University’s economic impact was derived by using the widely accepted Regional Industrial Multiplier System (RIMS II) from the Federal Bureau of Economic Analysis.