A third-party economic impact analysis of Colorado Community College System institutions reveals that Arapahoe Community College had an operations spending impact of $33.1 million – creating 779 jobs – in the ACC service area during the fiscal year 2015-16. FULL DETAILS
The results of this study reinforce the degree to which ACC creates a positive net impact on the regional economy and generates a positive return on investment for students, taxpayers, and society. Benefits created by ACC extend to far more people than just its students. As students and employers enjoy higher earnings and increased output, society as a whole benefits from an expanded economy and a range of savings associated with the students’ improved quality of life. In total, ACC and its students added $337.3 million (operations, construction, student spending, alumni) in income to the ACC service area economy during the analysis year, approximately equal to 0.4% of the region’s total gross regional product (GRP). The study was conducted by Emsi, a leading provider of economic impact studies and labor market data to educational institutions, workforce planners and regional developers in the U.S. and internationally.
Additional highlights from the report:
- ACC students receive a return of $5.40 for every dollar they invest in their education
- ACC students receive an average annual return of 16.6% for monies invested in their college education
- State and local taxpayers realize $14.30 in benefits for every dollar allocated to support ACC operations
- State and local taxpayers realize an average annual return of 32.5% for their support of ACC operations