NYSTAR Faculty Development Program – Economic Impact Analysis (2014)

Between 2002-2009, the Foundation for Science, Technology and Innovation (NYSTAR), a division of Empire State Development, sponsored the Faculty Development Program (FDP) in order to assist New York State colleges and universities in recruiting and retaining high profile and well-funded scientists. Funding for the FDP was gradually diminished, and eliminated from the state budget in 2010.

Still, the FDP had significant and measurable success in recruiting and retaining well-funded scientists across New York State. Of the 53 FDP awardees, 44 currently remain at New York State research institutions. This is notable particularly because out-of-state recruitment for top scientists is a highly competitive enterprise.