Economic Contribution of

Investment analysis Economic growth analysis Study consists of…

Investment Analysis Student perspective Social perspective Taxpayer perspective

Benefits—present value of increased future income received by HCC students Costs—tuition and fees, books and supplies, and opportunity cost of time of HCC students INVESTMENT ANALYSIS: Student Perspective

benefit/cost ratio INVESTMENT ANALYSIS: Student Perspective HCC student benefits and costs, $ millions

return on investment to HCC students INVESTMENT ANALYSIS: Student Perspective

Average income in Hillsborough County at career midpoint

Added income—higher earnings and increased property income in Florida due to HCC Social savings—reduced medical costs, lower crime rates, and reduced demand for income assistance in Florida due to HCC INVESTMENT ANALYSIS: Social Perspective

Annual benefits to the Florida public due to HCC, $ millions

Benefits—added tax revenue and avoided costs to state and county government due to HCC Costs—state and county government funding of HCC INVESTMENT ANALYSIS: Taxpayer Perspective

benefit/cost ratio INVESTMENT ANALYSIS: Taxpayer Perspective Benefits and costs to state and county taxpayers due to HCC, $ millions

return on investment to state and county government INVESTMENT ANALYSIS: Taxpayer Perspective

Economic Growth Analysis HCC operations Student spending Student productivity

Direct income of HCC faculty and staff Associated multiplier effects Adjustment for alternative uses of funds ECONOMIC GROWTH: College Operations Effect

net contribution to county income ECONOMIC GROWTH: College Operations Effect

Spending by HCC students from outside the county Associated multiplier effects ECONOMIC GROWTH: Student Spending Effect

net contribution to county income ECONOMIC GROWTH: Student Spending Effect

Higher income of former HCC students (completers and non-completers) still active in the county workforce Associated multiplier effects ECONOMIC GROWTH: Student Productivity Effect

net contribution to county income

So what does all this mean?

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