EMSI recently conducted an economic impact study for Lone Star College System, the largest higher education institution in the Houston area. We discovered that in 2012-2013, LSCS contributed $3.1 billion directly to the local economy—a sum equal to nearly 1% of the region’s gross regional product.
“While our number one goal is to provide a quality education for our students and help them achieve their goals,” said Dr. Steve Head, chancellor of LSCS, “we are also proud of the fact we have such a positive economic contribution to the area we serve. The financial benefit Lone Star College provides our community validates the importance of the work we do.”
Some highlights from the EIS:
- The huge majority (91%) of LSCS students remain in the area after graduating. During 2012-2013, their accumulative contribution to the economy added up to $2.8 billion.
- The return on investment for students is $6.60 per every $1 spent.
- LSCS also benefits taxpayers. Every $1 appropriated for the college system results in a $7.80 increase in tax and public sector savings.