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Economic Impact Study

Prove your institution’s value

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What is your institution's impact on the economy?

That’s the question we answer in the Economic Impact Study—a custom report that measures your impact on the regional economy and workforce, and calculates your school’s return on investment for students, taxpayers, and society.

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The EIS includes two types of analyses

1) Economic Impact Analysis

Operations Spending Impact

We determine the added net income generated in the region as a result of your institution’s payroll and its purchases of supplies and services.

Student Spending Impact

We identify how local and nonlocal students can markedly affect your region. We measure the money spent on food, transportation, and other items.

Alumni Impact

We tally the impact of your alumni’s higher earnings and increased productivity in the regional workforce.

2) Investment Analysis

Student Investment Analysis

Graduates gain a lifetime of higher earnings. We compare the present value of these higher earnings with the cost of their education.

Taxpayer Investment Analysis

We measure the added taxes and public sector savings that your school contributes to the state.

Social Investment Analysis

We calculate the added state revenue and social savings that result from your school’s presence.

How it works

1.

Work directly with an Emsi economist to provide data on your institution.

2.

We model your data and produce reports that you can review and adjust.

3.

Now you have a customized study that clearly communicates your value to the community.

Conservative

We show net impacts instead of gross. See more about our methodology.

Peer-reviewed

Our studies have been reviewed by dozens of economists and industry professionals to adhere to best practices.

Trusted

Emsi has completed over 1,800 studies across the US, UK, and Canada since 2000.

What can you do with an EIS?

Engage with community stakeholders

Justify new or expanded resources

Raise financial support

Improve the public’s perception of education

Generate goodwill in the community

Video created by the Community Colleges of Colorado based on the findings of their Emsi Economic Impact Study

The Colorado Community College System found that for every dollar spent

Students gained

$4.30

in lifetime earnings

Taxpayers gained

$5.70

in added taxes and public sector savings

Society gained

$11.30

in added state revenue and social savings

“With the EIS, we communicated a more comprehensive picture of what our college actually provides the community.”

David Mosley, Coordinator of Institutional Effectiveness & Grants

Lamar Institute of Technology

How colleges are using the EIS

3 Ways Campus Closures Impact College Towns

May 27, 2020

Bridging the Gap Between Community and University

November 18, 2019

Grand Rapids Community College Demonstrates Impact of Non-Credit Workforce Development Programs

June 12, 2019

EIS Shows Ohio Public Universities Add $42 Billion to State Economy

June 15, 2018

Essex County College Revamps Programs, Demonstrates Value by Combining Experience and Data

March 19, 2018

Colorado Community Colleges Show a $5.8B Economic Impact

October 25, 2017

Four Colorado Community Colleges and Universities Team Up to Determine Collective $2.4B…

October 5, 2017

The Top Challenges Facing Community Colleges

August 10, 2017

Proven Return on Investment: Demonstrating the Impact of Allegany College of Maryland

August 25, 2016

Institutions that use the EIS also use

Program Demand Gap Analysis

Our economists and data scientists provide predictive analytics and consulting to guide your institution's program alignment efforts.

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Analyst

Comprehensive labor market analysis software that gives you the labor market data you need to align programs with market demand.

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Alumni Outcomes

Alumni Outcomes includes data from over 100 million public profiles and résumés so you can view your past students’ job titles, employers, and skills.

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