As students head back to universities and colleges across the state, University Hill Corp., a nonprofit organization in the Syracuse area, analyzed the economic impact of faculty, employees, students and college visitors.
According to the report, the impact of visitor and student spending in the Syracuse University area is estimated at $187 million, while student spending contributes $2 billion.
The report outlines similar impacts for other Central New York universities and colleges and says they are a significant source of capital investment in the region.
Central and Western New York’s travel tourism industry continues to get a boost from a series of events held there. NASCAR at Watkins Glen and the 2013 PGA Championship in Pittsford, were major draws this past weekend. Other regional events included the Fingerlakes Region AACA 41st Annual Car Show and a Wizard of Oz fundraiser in Syracuse to save the childhood home of the author.
Tiger Woods was one of the many pro-golfers who would “absolutely” want to play the Oak Hill course again saying, “It’s a fantastic golf course.”
These events go a long way in promoting travel tourism in upstate New York and more activities are planned.
Governor Cuomo announced yesterday that he would hold a special tour to bring leading wine industry professionals, restaurateurs and tourism officials together to promote New York’s award-winning wines and drive tourism to the Finger Lakes region during this year’s New York Wine & Food Classic wine competition. The annual wine competition is being held Tuesday, August 13.
The New York City Wine and Food Festival, being held in October at The Lighthouse on Pier 61, will also feature a special brunch hosted by The Governor, featuring Chefs from the state’s top restaurants. The event will feature the best what New York farms, butchers, brewers, distilleries, and wineries have to offer.
CenterState Corporation for Economic Opportunity announced that six central New York companies will receive state grants totaling $398,680. The grants are part of the state-funded Grants for Growth program. According to CenterState CEO, the Grants for Growth program is “a unique seed program that supports innovative applied research projects between universities and industry to improve business competitiveness and create jobs.” The award winners are Rapid Cure Technologies Inc., of Syracuse, Simple Admit LLC, of Baldwinsville, Captura Diagnostics Inc., of Ithaca, Motion Intelligence LLC, of Ithaca, Zinnia Safety Systems, of Syracuse and Blue Highway Inc., of Syracuse.
Click here to learn more about the Grants for Growth program and the winners of the latest round of grants.