MCC’s Impact on the Local and Regional Economy

Posted by on 01.04.16 in Education, Students

Good day and welcome to Winter Semester 2016 colleagues, students, and community.  I always find the beginning of a new year and semester to be a refreshing and exciting time.  I am hopeful that you had a restful holiday season and are looking forward to 2016 as much as I am.

A new study presented to the Muskegon Community College Board of Trustees in December 2015 shows the College generated over $266 million in economic impact for the local area in 2013-14. In addition, the study shows that MCC provides a strong return on investment and helps create a healthy economy for the entire state of Michigan.

Conducted by Economic Modeling Specialists International (EMSI), the study examined the economic value MCC contributed to Muskegon, Newaygo, and Ottawa counties in 2013-14 by considering the impacts of its operations spending, the spending of its students, and the increased earnings MCC students receive because of the time they spent at the college. Overall, these impacts included:

  • $26.2 million (495 jobs) from operations spending
  • $3.5 million (101 jobs) from student spending
  • $237 million (4,203 jobs) from alumni earnings

This study, which may be found here, is proof positive that MCC is one of the most important economic engines in West Michigan.  Notably, the study does not include the economic impact of our recent construction projects. That analysis will come later in the year.  Please share the study with as many as possible to assure that the College’s impact on the greater community is recognized.

EMSI research has been featured in The New York Times, Wall Street Journal, Harvard Business Review and Forbes Magazine and the firm has conducted economic analyses for over 1,000 colleges and universities in the U.S. and internationally. You may learn more about EMSI by visiting their website at: http://www.economicmodeling.com/.  For more information on this study, please feel free to contact Eduardo Bedoya, Director of Institutional Research and Grants here at MCC.

One Response to MCC’s Impact on the Local and Regional Economy

  1. Debra says:

    What can one say; the numbers seem to speak for themselves, well done!

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