Lewis and Clark Community College: Making an Impact a 2016 Independent study by emsi on the college's economic value

"Lewis and Clark Community College (L&C) creates value in many ways. The college plays a key role in helping students increase their employability and achieve their individual potential. It provides students with the skills they need to have a fulfilling and prosperous career. Further, it supplies an environment for students to meet new people, increase their self-confidence, and promote their overall health and well-being" (Emsi, 2016).
(Snapshot by Emsi, 2016)

$369.4 Million

total added income supported in the region

4.7%

of the region's Gross Regional Product (GRP)

6,688

total supported jobs

(Emsi, 2016)

In 2014-15,

11,377

credit students served

3,046

non-credit students served

(Emsi, 2016)

Student Investment

Lewis and Clark students earn a cumulative $5.70 in higher future earnings for every $1 invested in their education here at the college (EMSI, 2016).

*Future benefits are discounted to the present. (Emsi, 2016)

Associate degree graduates will earn $1,302,900 over their working lifetime, an increase of $270,900 compared to someone with only a high school diploma (Emsi, 2016).

Taxpayer Benefits

Approximately 98 percent of Lewis and Clark students remain in Illinois after graduation, where they live, work and pay taxes. Added tax revenue from those students and increased output of businesses amounts to $127.9 million, plus $6.5 million saved due to the reduced demand for government-funded services in the state (EMSI, 2016).

*Future benefits are discounted to the present. (Emsi, 2016)

For every $1 in costs, taxpayers reap $3.20 in benefits, thanks to Lewis and Clark (Emsi, 2016).

"The results of this study demonstrate that L&C creates value from multiple perspectives. The college benefits local businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers into the workforce. It enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. It benefits state and local taxpayers through increased tax receipts across the state and a reduced demand for government-supported social services. Finally, it benefits society as a whole in Illinois by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students" (Emsi, 2016).
Presentation created by Lewis and Clark Media Services, with info from Emsi's Analysis of the Economic Impact and Return on Investment of Education, the economic value of Lewis and Clark Community College, FY 2014–15

Credits:

Lewis and Clark Community College

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