EMSI conducted an aggregate Economic Impact Study for the Kansas Independent College Association (KICA) earlier this year. KICA took the results and created a compelling infographic to show the breakdown of its 18 member colleges’ impact on the Kansas economy.
- Kansas’ independent colleges generate $981 million per year in new income for the state of Kansas. The bulk of this impact ($720 million) is from the increased productivity of the nearly 100,000 graduates from KICA colleges who live and work in the state, the increased output of businesses that employ the students, and the multiplier effects that occur as students and their employers spend money at other businesses.
- As KICA illustrates in the infographic, the $981 million impact is roughly equivalent to hosting the Super Bowl nine times or hosting the Republican National Convention six times.
- The day-to-day operations of KICA colleges also make a significant dent on the Kansas economy. The total income created by the 18 schools in 2012-13 was $231 million—a figure that represents the institutions’ payroll (they employ nearly 4,400 full- and part-time faculty and staff), the multiplier effects generated by the spending of the colleges and their employees, and a downward adjustment to account for funding that the colleges received from resident students and other in-state sources.