Academia in New York City

With more than 100 higher education institutions and a student population of over 503,000—on par with the overall population of Atlanta and far exceeding that of Cleveland and Pittsburgh—universities and colleges are an important part of New York’s economic and physical fabric.

New York has more academic institutions than any other metro area in the country. Not only do these institutions represent an industry that generates $35 billion in economic impact every year, they also are an important cornerstone of innovation and equitable economic development. Academic institutions help attract and grow young talent—strengthening our workforce and promoting economic mobility—and drive research and innovation that can translate to new business and solutions.

NYCEDC will continue to deepen its partnerships with academic institutions to ensure New York City has the talent, technology, and access to opportunity necessary to remain globally competitive and a beacon of possibilities. This report surveys the current academia landscape in New York City, discusses the impact it has on the city’s economy, and highlights ongoing trends that will inform the next chapter of NYCEDC’s collaboration with academia.