“The college enriches the lives of students and increases their lifetime incomes. It benefits taxpayers by generating increased tax revenues from an enlarged economy and reducing the demand for taxpayer- supported social services. It contributes to the vitality of both the local and state economies”¹
- Capital Community College (CCC) contributes an estimated $107.5 million to the region’s economy from its operations and student productivity and employment. The estimate includes $18 million in wages, salaries and benefits and an additional $89.5 million in earnings off campus.
- Students enjoy an attractive 24% annual return on their investment of time and money.
- For every $1 a student invests in a CCC education, he/she will receive a cumulative of $6.85 in higher future earnings. The payback period to recover all costs is 6.1 years.
- For every full-time year a student attends Capital Community College he/she will earn an additional $4,420 per year. Over 30 years a graduate of an associate degree program will average $265,200 in higher earnings.
- In the aggregate, Capital graduates and students (all exiting students) earn $6.8 million in higher earnings per year for every year they are in the workforce.
- The community benefits from improved health and reduced welfare, unemployment and crime, saving an estimated $1.5 million per year.
- Taxpayers see a real money “book” return of 7.7% on their annual investment in the college and recover all investments in 14.5 years.
- Every dollar of state tax money invested in CCC today returns a cumulative of $10 over the next 30 years.