Visit
Visit
Cornell Tech campus

Cornell Tech Impact Study

Impact

Economic and Fiscal Impact of Campus Construction and Ongoing Operations and Construction

The Cornell Tech Impact Study quantifies Cornell Tech’s role in attracting talent to New York City and growing the City’s tech sector. Since its founding in 2012, Cornell Tech has played a crucial role in developing New York City’s tech talent, entrepreneurship, job creation, and fiscal prosperity. From launching more than 100 startups and educating thousands of new tech leaders to operating an 850,000-square-foot campus while planning future expansion, the energy coming out of the regional tech hub is undeniable. But what is its overall economic impact? A new analysis from economic development firm HR&A puts it into numbers – and they are massive.

Download the full report

Cornell Tech's startup programs have launched more than 115 companies


• These startups have generated a collective valuation of more than $700 million while creating more than 500 new jobs in New York City, boosting the local economy and tech community.

• As of 2023, companies founded at Cornell Tech in the health sector generated $97 million for the city, making up almost 50% of the total economic output from Cornell Tech's startups and contributing to New York City surpassing Silicon Valley as the leader in digital health startups.
New York City skyline

The innovation ecosystem created by Cornell Tech has the effect of not only drawing future tech leaders to New York City, but keeping them here


• 75% of the Cornell Tech students who move to New York City from elsewhere stay in the region.

• These alumni alone generated $390 million in annual economic output in fiscal year 2022-2023, which is projected to grow to $956 million by 2030.
Cornell Tech campus

Cornell Tech Impact Study

Explore the full economic and fiscal impact study

Download the full report