Navigation Links
Maricopa Community Colleges Add $7.3 Billion to Local Economy Annually
Date:3/5/2015

Tempe, AZ (PRWEB) March 05, 2015

The Maricopa Community Colleges add $7.3 billion in various kinds of income to the Arizona economy each year, according to a research report released today.

The report, Demonstrating the Economic Value of Maricopa County Community College District, summarizes economic impact and return on investment of the Maricopa district in fiscal year 2013-2014.

The analysis was conducted by Economic Modeling Specialists International (EMSI), an organization that specializes in providing economic impact studies and labor market data to educational institutions.
Among the report’s findings, based on EMSI’s calculations:

  • The accumulated contribution of former students now employed in the regional workforce amounted to $7.3 billion in added income in 2013-14.
  • For every dollar contributed by taxpayers to the Maricopa Community Colleges, $4 in benefits is returned to taxpayers. Their average annual return on investment is 10.3%.
  • Society as a whole benefits from Maricopa both because of increased earnings and because of savings generated by the improved lifestyles of students who attend and graduate from college. For every dollar that society spent on the Maricopa Community Colleges during 2013-14, society will receive a cumulative value of $12.10 in benefits for as long as the 2013-14 student population at Maricopa remains active in the state workforce.
  • For every dollar that a student spends on a Maricopa Community College education, that student gets back $4.20 in higher future income. A student’s average annual return is 16.6%.
  • The spending of students who relocated to the region to attend college in Maricopa County added approximately $240.6 million in income to the economy during the 2013-14 fiscal year.

The Maricopa report was issued at the same time as Demonstrating the Economic Value of Arizona Community Colleges, EMSI’s study of the impact of community colleges located throughout Arizona on the statewide economy.

“This report confirms the fact that an education at the Maricopa Community Colleges is a great investment, both for students and taxpayers,” said Maricopa Chancellor Rufus Glasper. “ A $4.20 return on every dollar spent means students’ money is being spent wisely. From the taxpayers’ point of view, a 10.3% rate of return is better than they can get almost anywhere else.”

“What’s more, the $7.3 billion in income that the Maricopa Community Colleges and their students added to the local economy was about 3.8% of the Gross Regional Product,” Dr. Glasper continued. “It’s additional proof that taxpayer funding of the Maricopa Community Colleges is an investment that comes right back to the people of Maricopa County.”

EMSI has conducted more than 1,200 higher education economic impact studies in four countries since 2000.

Find executive summaries and full reports of both Arizona and national community college economic impact reports.

The Maricopa Community College system includes 10 colleges – Chandler-Gilbert, Estrella Mountain, GateWay, Glendale, Mesa, Paradise Valley, Phoenix, Rio Salado, Scottsdale and South Mountain. It also includes the Maricopa Skill Center, Southwest Skill Center, and several satellite campuses and business/industry, technical and customized training institutes.

Read the full story at http://www.prweb.com/releases/mcccd/2015economicimpact/prweb12562803.htm.


'/>"/>
Source: PRWeb
Copyright©2015 Vocus, Inc.
All rights reserved

Related medicine news :

1. Maricopa Community Colleges Consider Five Candidates for Top Human Resources Job
2. Maricopa Community Colleges Welcome New Governing Board Members
3. Maricopa Unified School District Adds SKILLS® Program to Help Teachers Build Behavior Intervention Plans for Special Education Students
4. Two Maricopa Community Colleges Programs are Finalists for 2015 Bellwether Awards
5. Cheyenne Fitness Center, Fit Body Boot Camp, Launches Community Wide Fitness Challenge to Fight Obesity and Help Local Homeless Shelter
6. The Horizon Foundation for New Jersey Awards Grants to Support Community-Based Health and Arts Programs Throughout the State
7. Abernethy Laurels Retirement Community in Newton, NC Plans French-Themed Food Show
8. Volunteer Mental Health Professionals Give More Than 104,000 Hours in Mental Health Services to Military Community Through Give an Hour
9. Galt's Gulch Chile Becomes First Libertarian Community Accepting Bitcoin
10. Medorizon Offers EMR and ICD-10 Training to Help Medical Community with Change
11. Established Name Among Massachusetts Marijuana Community Now Extends Service Into Seekonk
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:8/14/2018)... MELBOURNE, Fla. (PRWEB) , ... August 14, 2018 , ... ... the next generation of freezing fat, at Clevens Face and Body Specialists. Dr. Clevens ... success to patients at his Melbourne and Merritt Island offices. Along with his associate, ...
(Date:8/11/2018)... ... ... Johns Hopkins All Children’s Hospital will make a broader commitment to ensuring ... perspective on care. At its core, this perspective focuses on ways to improve health ... or setting at the right cost. Mark Douglas "Doug" Baker, M.D., will focus on ...
(Date:8/9/2018)... ... August 09, 2018 , ... ... their implants have ruptured, according to cross-referenced data from The American Society of ... gel implant rupture rates monitored by the FDA. As an MRI is recommended ...
(Date:8/9/2018)... ... August 09, 2018 , ... ... outcomes by simplifying medication adherence monitoring with Smart-pill bottle and mobile applications, ... in the App Orchard. , The DoseSmart medication management and medication adherence ...
(Date:8/7/2018)... , ... August 07, 2018 , ... Josh Sprague, Founder ... of a video preview for the upcoming Leadville 100 MTB. , Accompanied by ... miles of what he has called “one of the most iconic mountain bike race ...
Breaking Medicine News(10 mins):
(Date:8/2/2018)... ... ... The Wharton School is pleased to invite business journalists to apply for ... cover aspects of public policy to attend the Wharton Seminars for Business Journalists ... of tuition, course materials, most group meals, lodging for three nights and airfare within ...
(Date:8/2/2018)... ... August 02, 2018 , ... Periodontist, Dr. ... custom crown lengthening treatment at his Eden Prairie, MN practice. Aesthetic ... unsteady self-conscious. Using decades of experience, Dr. Sanchez is excited to welcome new ...
(Date:8/2/2018)... ... 2018 , ... Clay and Associates DDS, PLC is excited to welcome Dr. ... Dr. John Clay and Dr. Shaun O’Neill as an associate dentist to the practice. ... their patients' dental hygiene, encapsulates the core values of the professional dental team at ...
Breaking Medicine Technology: