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|MCC Economic Impact is $710.1 Million, Study Shows (05/29/2013)
ROCHESTER – Monroe Community College has an annual economic impact on Monroe County of $710.1 million and taxpayers more than double their investment in the college.
MCC students see an 18.3% return on their investment.
Taxpayers see a return on their investment of $2.50 for every dollar invested.
That is what a recent economic impact study by Economic Modeling Specialists, Inc. (www.economicmodeling.com) shows. Their model examines college-related spending and estimates the income MCC alumni earn as a direct result of their MCC education, the additional taxes they pay, and the public costs that decline as the result of a college-educated citizenry.
“This analysis by an experienced and independent economic impact modeling firm underscores with data what we have long seen in our graduates and our community: an MCC education transforms lives, strengthens businesses and supports communities,” said MCC President Anne M. Kress.
An analysis of MCC’s downtown campus showed a $110.8 million annual economic impact. Students attending MCC’s downtown campus see a 19% return on their investment.
EMSI has conducted economic impact studies for more than half of the nation’s community colleges, as well as four-year colleges and universities.
MCC’s full economic impact report is available online:
Economic Contribution of Monroe Community College
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