socioeconomic impact of Tri-County Technical College

Investment Analysis Student perspective Social perspective Taxpayer perspective Regional Analysis College operations spending Student spending Past student productivity

c o l l e g e o p e r a t i o n s s t u d e n t s p e n d i n g p a s t s t u d e n t p r o d u c t i v i t y

Direct income of faculty and staff Associated multiplier effects Net of alternative use of funds c o l l e g e o p e r a t i o n s

net contribution to regional income c o l l e g e o p e r a t i o n s

Spending by students from outside the region Associated multiplier effects s t u d e n t s p e n d i n g

net contribution to regional income s t u d e n t s p e n d i n g

Higher income of students still active in the workforce Associated multiplier effects p a s t s t u d e n t p r o d u c t i v i t y

net contribution to regional income p a s t s t u d e n t p r o d u c t i v i t y

s t u d e n t p e r s p e c t i v e s o c i a l p e r s p e c t i v e t a x p a y e r p e r s p e c t i v e

Benefits—present value of increased future income Costs—tuition, fees and opportunity cost of time s t u d e n t p e r s p e c t i v e

return on investment s t u d e n t p e r s p e c t i v e

benefit/cost ratio s t u d e n t p e r s p e c t i v e

A s s o c i a t e s D e g r e e g r a d u a t e s w i l l... than someone with no HS diploma or GED Earn an average of more than someone with no HS diploma or GED Over their future careers,

Education is statistically correlated with improved lifestyles This translates into medical, crime and unemployment savings to taxpayers s o c i a l p e r s p e c t i v e

annual savings s o c i a l p e r s p e c t i v e

Benefits—added tax revenue and avoided costs to government Costs—state and local government funding t a x p a y e r p e r s p e c t i v e

return on investment t a x p a y e r p e r s p e c t i v e

benefit/cost ratio t a x p a y e r p e r s p e c t i v e

So what does all this mean?

Enriches the lives of students Contributes to the growth of the economy Reduces the demand for social services Generates government revenue Increases students’ lifetime income