Published on March 17th, 2015 | by editor0
Community Colleges – Economic Engines of Growth
A message from President Potash . . .
As we strive to help students and see them succeed, our unit of measure is often completion, graduation or a transfer to a four-year institution. We think of success and impact in terms of students. It is only natural – our mission and aim is to provide a high-quality affordable education.
It is also possible to look at what we and other community colleges do through an economic lens. EMSI (Economic Modeling Specialists Itl.) recently worked with the AACC (American Association of Community Colleges) to produce a fascinating report, The Economic Impact of Community Colleges. I recommend that you take a look. It turns out that our focus on student success has a tremendous effect on the economy – and it can be quantified.
Two eye-opening facts from the report:
- For one dollar of taxpayer investment in community colleges, the return in cumulative value of benefits is almost $26.
- The estimated increased contribution of former community college students is more than $806 billion of added income in 2012.
By any measure we are a superb investment.