Central Community College has three campuses dispersed throughout south central Nebraska — a service area that encompasses 25 counties, 14,500 square miles, and 300,000 Nebraska residents. With such a wide geographic focus and students who predominantly stay close after graduation, CCC leaders knew the college had a big economic impact on the region. But how big?
Well, an EMSI Impact Study determined CCC led to $218.9 million in added income in FY 2007 because of students’ higher earnings and increased output from businesses. Students get an 18% return on their investment while taxpayers’ ROI is 9%.
A study by the firm also shows for every dollar invested by a CCC student, he or she receives a cumulative return of $4.90 in higher future income over the course of his or her career, Smith said.
Smith said taxpayers receive a 9 percent return on investment. For each dollar they pay Central Community College, they get $1.80 back in terms of higher tax revenues from CCC graduates who go on to become wage earners as well as avoided social costs in terms of CCC graduates having lower rates of job absenteeism, unhealthy habits such as smoking and use of welfare and unemployment claims.
If you’re interested in an Impact Study for your college, reach us at 866.999.3674 or email Rob Sentz.