Economic Impact Study
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Washington’s 34 community and
technical college and their former students add $11 billion annually to the state’s economy, according to a new study.
The community and technical colleges generate more than $100 million in added tax revenues annually, and for every state dollar invested in the colleges, $1.70 in tax revenues are returned to the state.
Washington community and technical colleges served 469,907 students in 2009-10 and the study found 91 percent of alumni stay in Washington to live, work, raise their families and give back to their communities. At the midpoint of their careers, graduates earn an average $49,000 annually—35 percent more than those with just a high school diploma.
These are just some of the conclusions of a study conducted by Economic
Modeling Specialists, Inc. (EMSI), using an economic impact model that has been field tested in over 900 studies of colleges in the U. S., Canada, the United Kingdom and Australia.