ECONOMIC IMPACT STUDIES IN CALIFORNIA: FINDINGS AND IMPORTANCE
Titel:
ECONOMIC IMPACT STUDIES IN CALIFORNIA: FINDINGS AND IMPORTANCE
Auteur:
Piland, William E. Butte, Halimah Polk
Verschenen in:
Community college journal of research and practice
Paginering:
Jaargang 16 (1992) nr. 3 pagina's 221-238
Jaar:
1992
Inhoud:
Community colleges function as major business enterprises. Colleges, in this role, are employers, consumers of goods and services, investors, landowners, and builders. Colleges create jobs, create income for district residents, and increase funds available to district financial institutions for loans to area residents and businesses. This investigation identified the results of economic impact studies conducted for 26 California community college districts and the uses of these studies. These college districts demonstrated sizable economic impacts. The median for income generation was $32 million. Full-time jobs created within districts ranged from 237 to almost 166,000, with a median of 2,162 new jobs. The credit base of the 26 communities was expanded by a median figure of $1.6 million. Economic impact studies typically were presented to the public by the district chief executive officer (CEO) at service club meetings, community organizations, and Chamber of Commerce meetings. Usually several presentations were made to different community groups. The average number of presentations made was five. Ninety-four percent of the district respondents reported that the community's reaction to the economic impact study was favorable (79%) or highly favorable (16%). The majority of respondents (53%) indicated some positive change in the community's attitude toward the college. A significant difference in positive community response was based on the mix of local revenues to state revenues received by the college. There were no differences based on enrollment, size of operating budget, or the manner in which the study results were presented.
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