1. Economic Contribution of

2. Investment analysis Economic growth analysis Study consists of…

3. Investment Analysis Student perspective Social perspective Taxpayer perspective

4. Benefits—present value of increased future income Costs—tuition and fees, books and supplies, and opportunity cost of time INVESTMENT ANALYSIS: Student Perspective

5. benefit/cost ratio INVESTMENT ANALYSIS: Student Perspective 5.5

6. return on investment INVESTMENT ANALYSIS: Student Perspective 15.4%

7. INVESTMENT ANALYSIS: Student Perspective

8. Added income—higher earnings and increased property income Social savings—reduced medical costs, lower crime rates, and reduced income assistance INVESTMENT ANALYSIS: Social Perspective

10. Benefits—added tax revenue and avoided costs to government Costs—state and local government funding INVESTMENT ANALYSIS: Taxpayer Perspective

11. benefit/cost ratio INVESTMENT ANALYSIS: Taxpayer Perspective

12. return on investment INVESTMENT ANALYSIS: Taxpayer Perspective

13. Economic Growth Analysis College operations Student spending Student productivity

14. Direct income of faculty and staff Multiplier effects due to employee and college spending Adjustment for alternative uses of funds ECONOMIC GROWTH: College Operations Effect

15. net contribution to county income ECONOMIC GROWTH: College Operations Effect

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

17. net contribution to county income ECONOMIC GROWTH: Student Spending Effect

18. Higher income of former students who remain active in the county workforce Associated multiplier effects ECONOMIC GROWTH: Student Productivity Effect

19. net contribution to county income

20. So what does all this mean?

21. 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