Private colleges could be engine of area’s growth, study suggests – Hobart and William Smith Colleges \
The HWS Update

Private colleges could be engine of area’s growth, study suggests

Hobart and William Smith Colleges were included in a story about the economic impact of higher education in the July 21 print edition of the Rochester Business Journal.

The Rochester region’s “best chance for revitalized economic growth could lie in its private colleges and universities, a new study suggests.”

Higher education, the report states, can be a more powerful growth engine than manufacturing or financial services.

The story details a study by the Center for Governmental Research Inc., for the Commission on Independent Colleges and Universities, which includes the presidents of more than 100 private institutions.

More than $3.3 billion is added to the regional economy by the seven private colleges and universities, according to the study, which included the U of R, RIT, St. John Fisher, Nazareth, Roberts Wesleyan, Alfred University and Keuka.

Read Learning to Grow.