September 2011

 The net impact of $1.00 spent in the local economy is not necessarily $1.00.  For example, $10.00 spent at a restaurant may go 50% for payroll and 50% for supplies, other expenses and taxes.

 If employees spend $3.00 of $5.00 earned, and if the owner spends $3.00 of $5.00 earned, then the impact in the local economy after two rounds of spending is $  After several rounds of spending, the total amount spent could be $25.00 as recipients of spending turn around and spend the proceeds of what they earn.

 Actual Cumulative Operating Budget, :$69.3 M  Multiplier Impacts of Operating Budgets, :  Marion County$11 M  Nelson County$32.5 M  Washington County$35 M  Tri-County (sum of 3 counties)$78.5 M  MSA$142.6 M 

 Portion of Multiplier Impact on Tri-County Household Earnings (outside of SCC employees’ earnings) : $32.5 M   Portion of Multiplier Impact on MSA Household Earnings (outside of SCC employee’s earnings) : $48.4 M

 Actual Cumulative Capital Budget, : $23.1 M  Multiplier Impacts of Capital Budgets, :  Tri-County $26.2 M  MSA$47.6 M

 Portion of Multiplier Impact on Tri-County  Household Earnings (outside of SCC employees’ earnings) $10.8 M   Portion of Multiplier Impact on MSA Household  Earnings (outside of SCC employee’s earnings) $16.2 M

 Average SCC Employment   Marion County Jobs Supported through SCC Employment 20  Nelson County Jobs Supported through SCC Employment 58  Washington Count Jobs Supported through SCC Employment 64

 Tri-County Jobs Supported through SCC Employment 142  Total Tri-County Employment Impact 267  MSA Jobs Supported through SCC Employment 263  Total MSA Employment Impact 388

 Actual Cumulative SCC Payroll (millions) $27.9 M   Multiplier Impacts of SCC Cumulative Payroll   Marion County $4.4 M  Nelson County $13.1 M  Washington County $14.1 M 

 Tri-County (sum of 3 counties) 31.6 M  MSA $57.4 M

 Average of Average Monthly Bank Deposits : $0.89 M  Average Monthly Increase in Money Supply (and Loans)Due to Deposits : $4.6 M

 Estimated Total Cumulative Spending $2.9 M  Multiplier Impacts of Residential Student Spending  Marion County $0.32 M  Nelson County $2.0 M  Washington County $1.0 M   Tri-County (sum of 3 counties) $3.3 M  MSA $5.3 M

 Tri-County (sum of 3 counties) $3.3 M  MSA $5.3 M

 Cumulative Federal Taxes $2.7 M  Cumulative State Taxes $1.2 M  Cumulative Local Taxes $0.2 M  Sales Taxes Paid by Employees $0.7 M

 Estimated Pell Grants $7.7 M  Estimated Federal Student Loans $20.3 M  Total $30 M   Multiplier Impacts  Marion County $3.4 M  Nelson County $20.4 M  Washington County $10.2 M 

 Tri-County (sum of 3 counties) $34 M  MSA $61.8 M

 Associate Degree Graduates from 1970 to 2011: $805 M  Associate Degree Graduates, 3 Year Programs, 2004 to 2011: $497 M  Baccalaureate Degree Graduates, 2006 to 2011: $174 M  Grand Total $1.48 B

 Marion County Share of Grand Total $162 M  Nelson County Share of Grand Total $399 M  Washington County Share of Grand Total $177 M  Tri-County Share of Grand Total $738 M  MSA Share of Grand Total $1.1 B

 Marion County$177.2 M  Nelson County $441.1 M  Washington County$224.7 M  Tri-County Impacts$846 M  MSA Impacts$1.296 B

 Spending wise, SCC expenditures have a multiplier effect of around 1.13 on the region and slightly over 2 for the Louisville MSA region.  From a human capital point of view, SCC has added over a billion dollars of extra earnings to local economies over the last 40 years.

 SCC faculty and staff do more than to help future alumnae/alumni earn money.  Graduates receive a liberal arts education that addresses issues such as diversity, religion, and ethics and which enables them to become leaders in their communities and professions.  SCC will continue to make a large and substantial impact on its local economies, not just in financial terms, but also in terms of the well-being of the Tri-County and Louisville MSA areas.