The University at Buffalo is the leading generator of economic activity for the Buffalo Niagara region, directly and indirectly supporting regional growth in countless ways. Here are just some of the ways that UB sustains the local economy:
|Total economic impact
|Academic degrees awarded
|Faculty and staff
|Buffalo Niagara jobs generated beyond UB
|UB-generated income, sales, and property taxes returned to New York State and Erie/Niagara Counties
Building a Prosperous Future
UB's economic impact on New York State exceeds $1.7 billion per year, which is more than four times the state's annual investment in the university.
Student dollars count
UB's undergraduate students spend nearly $9,850 per student in the Buffalo area each year, for a total of more than $218 million.
Being a Good Neighbor
- Approximately 12 percent of Amherst households include UB employees, an impact of $155.8 million on the town economy.
- 9,847 Buffalo residents are UB employees, an impact of $236 million on the city economy
$86 million in vendor profits
- UB purchases $22.8 million of goods and services from Amherst vendors, $8.1 million of construction work from Amherst contractors, and $3.1 million in sales from students, faculty, and staff from Amherst vendors.
- UB purchases $52 million of goods and services from Buffalo vendors
A community asset
UB helps advance the area economy in many other ways, including workforce skills, management consultation, marketing insights, internships, area data resources, and more. UB graduates make up the majority of licensed professionals in Erie County: 92.6 percent of dentists, 81.9 percent of attorneys, 67.5 percent of pharmacists, and 28 percent of physicians in the area hold degrees from UB's professional schools.