Study: MCC has $710M economic impact

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A recently released study showed that 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.

The economic impact study by Economic Modeling Specialists, Inc. examined college-related spending and estimated the income MCC alumni earn as a direct result of their education, the additional taxes they pay, and the public costs that decline as the result of a college-educated citizenry.

The study also indicated that MCC students see an 18.3 percent return on their investment, and taxpayers see a return on their investment of $2.50 for every dollar invested.

“This analysis … underscores with data what we have long seen in our graduates and our community: An MCC education transforms lives, strengthens businesses and supports communities,” MCC President Anne M. Kress said.

An analysis of MCC’s downtown campus showed a $110.8 million annual economic impact. Students attending MCC’s downtown campus see a 19 percent 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 at www.monroecc.edu.