Community College plays a significant role in the local economy and is a sound
investment from many perspectives according to a recent economic impact study.
from improved lifestyles and increased earnings. Taxpayers benefit from a healthier
economy and lower social costs. And the community as a whole benefits from
increased job and investment opportunities, higher business revenues, greater
availability of public funds and an eased tax burden.
Contributions of Clackamas Community College report was commissioned by the state
of Oregon for each of the state’s 17 community colleges. The report was
prepared by Economic Modeling Specialists International of Moscow, Idaho. It relies
on data from a variety of sources including 2010-11 academic and financial
reports from the college, industry and employment data from the U.S. Bureau of
Labor Statistics, earning and demographic data from the U.S. Census Bureau, and
a variety of studies and surveys relating education to social behavior.
Key findings of
the study include:
increases lifetime income. The average income at the career midpoint of someone
with an associate’s degree in Clackamas County is $41,000, 35 percent higher
than someone with a high school diploma.
Throughout his or
her working career, the average student’s discounted lifetime income increases
by $6.70 for every dollar invested in CCC.
Higher earnings of
CCC students and associated increases in state income expand the tax base in
Oregon by about $37.6 million each year.
Oregon will see
avoided social costs amounting to $2 million per year due to CCC students,
including savings associated with improved health, reduced crime and reduced
welfare and unemployment.
County economy annually receives roughly $35.1 million in income due to CCC
translate to higher earnings for students and increased output of businesses.
The added income attributable to the accumulations of CCC credits in the
workforce amounts to $142.6 million each year.
average annual added income due to the activities of CCC and its former
students equals $177.6 million, which is about 1.2 percent of the total
Clackamas County economy.
Copies of the
report may be obtained from Janet Paulson, 503-594-3162, firstname.lastname@example.org.