Brooklyn College, long regarded as a driver of socioeconomic mobility for immigrants and first-generation college students, generated $2.6 billion in income for New York City’s economy, according to a recent economic impact study.
The report, which analyzed data from fiscal year 2021–22, credits the college’s operations, student spending and alumni contributions for supporting over 20,500 regional jobs. Alumni alone generated $2.3 billion in added income, according to a press release.
Brooklyn College is one of the nation’s most diverse institutions, ranking first on U.S. News & World Report’s Campus Diversity Index for six consecutive years. With students hailing from 136 countries and speaking 91 languages, the college's diverse population contributes significantly to the local economy and social mobility.
“Investing in Brooklyn College is a win-win for our communities and students,” said Michelle J. Anderson, president of Brooklyn College. “Our faculty equip students with tools for personal success while empowering them to contribute to the regional economy.”
The study also highlights the college’s role in improving societal outcomes, with college graduates earning significantly higher incomes than those with only high school diplomas, generating $1.9 billion in higher lifetime earnings. Taxpayers also benefit, with $121.6 million in savings linked to reduced healthcare, justice system, and income assistance costs.
Brooklyn Borough President Antonio Reynoso praised the institution, emphasizing its importance to immigrant and minority communities.
“Institutions like Brooklyn College are critical for advancing economic and social mobility,” Reynoso said.
