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Cornell presents 2024 Ithaca-campus economic snapshot showing student spending, grants and local contributions
Summary
Cornell University presented the county committee with its 2024 Ithaca-campus economic snapshot, reporting a conservative estimate of $450 million in student spending, $423 million in locally spent research grants and increased local contributions tied to the university's MOU and childcare grants.
Cornell University staff on April 2 presented the county committee with a local economic snapshot for the Ithaca campus, saying the campus's fiscal-year figures show hundreds of millions in local spending from students, research grants and university payments to local governments.
The report focuses on Ithaca-campus data only and excludes Cornell Tech and Geneva, Kate Supran of Cornell's Office of Community Relations told the committee. "It says local economic snapshot 2024, Ithaca campus. That means all of these numbers are from the Ithaca campus," she said.
Cornell officials described the numbers as conservative estimates based on university records and unit reports. The presentation listed a student-spending estimate of about $450 million calculated from the university's cost-of-attendance figures and…
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