One of the largest employers in the area, Skidmore College employs more than 800 and provides education to 2,700 students. U.S. News & World Report currently ranks it 37th of all National Liberal Arts Colleges. The College has an operating budget of $130 million, and annual capital expenditures of $20 million. Out of this, annual compensation is $80 million. These numbers multiply, through expansion and construction projects, into local employment in the neighborhood of 3,000 jobs. As well, student and alumni expenditures bring more than $9 million to the local economy.