February 11, 2011 by Luke Mason
A recent economic impact study by EMSI on Maricopa Community Colleges found that the system has a cumulative impact of $2.8 billion annually.
With 10 campuses and 400,000 students, the MCC system is one of the largest in the nation, and now it has an impact to match. Much of this impact has to do with how the colleges train and upskill students. This enables the past students to find better-paying jobs in the Pheonix area and beyond. As they use their new skills to acquire better-paying jobs or get more education they are boosting the overall quality of life in the region.
Read more about the study here: Maricopa Community Colleges generate $2.8B | Phoenix Business Journal
Maricopa Community Colleges bring in $2.8 billion to the county every year, according a study conducted by Economic Modeling Specialists Inc. for the college system.
That includes $50.2 million from students outside of the county. The total translates to a 5.3 percent return on community college taxes paid by residents, EMSI said.
Ever wonder what a community college course could do for your bank account? Students earn on average $3 in increased wages for every dollar spent on a class at Maricopa Community Colleges.