Economic Development

S5421 Frank Melville Jr. Memorial Library,
Stony Brook, NY 11794-3364
Tel: (631) 632-7006 Fax: (631) 632-5704

The Office of Economic Development provides a link between the researcher and industry. The Office sustains institutional participation in the region's principal business organizations, works closely with State and municipal economic development agencies, fosters efforts to promote industry-university collaboration, especially in entrepreneurial ventures, and among participants in the University's incubation programs. It is also the office that manages the publications of the OVPR, such as the Monday Memo. We encourage researchers to contact this office to let us know the highlights regarding your research.

Stony Brook University's Economic Impact

Stony Brook University has an impact of $2.5 billion on local, state, and national economies and plays a critical role in business and job development in the region, according to a study by the University's Center for Regional Studies.

• Stony Brook creates $2.5 billion in revenue and 47,438 jobs.

• The impact Stony Brook has amounts to a 1,500 per cent return, or $15, for every dollar the state invests in the University, based on New York's contribution of $159.4 million in tax dollars.

• Through a number of business development programs, including the Centers for Advanced Technology, the Center for Biotechnology, the Strategic Partnership for Industrial Resurgence, and the Long Island High Tech Incubator, Stony Brook created 1,484 new jobs, 1,424 new companies and/or clients, $8.5 million in new investments and accounted for $245.9 million in additional corporate revenue.