A recent study by EMSI has shown Baltimore City Community College to have a total net impact of more than $540 million on its service area. The study was completed in January and released by the college on April 15th.
Highlights from the study showed:
- BCCC pumps $45.5 million in labor and non-labor income into the economy from operations and capital spending;
- BCCC students contribute $24.9 million in taxable income to the Maryland economy annually;
- For every dollar students spend on courses at BCCC, they will earn $4.40 in future earnings;
- BCCC saves Maryland $2.1 million each year through improved health and reduced welfare, unemployment and crime; and,
- Associate degree graduates from Baltimore City Community College who work in the region can earn $50,400 per year, 40 percent more than an individual with a high school diploma or GED.
EMSI is the international leader in impact studies for community and technical colleges, with over 800 studies completed for more than 500 colleges in the U.S., Canada, and the United Kingdom since 2001. Unlike many simple impact models which have been rightly criticized for inflating benefits and ignoring costs, EMSI uses a sophisticated proprietary model that requires detailed data and calculates the college’s true net impact of a college, along with a student and taxpayer investment analysis.