Jackson State News Archives
posted on 02/25/08Jackson State Announces Economic Impact Study Results
Jackson, Tenn. – Jackson State Community College announced the results of an economic impact study today conducted by Younger Associates. The study estimates that the combined impact of the college operations, annual average capital investments and student spending is over $55.5 million.
The number of Jackson State graduates with associate degrees now totals over 10,500. A high percentage of these graduates will stay in the 14-county service area of the college for employment. Based on their increased earnings, these graduates will generate an additional $7.5 billion in economic impact on the local economy over a 25-year period due to the education and training received at Jackson State.
One example of the impact of Jackson State can be found at West Tennessee Healthcare. Approximately 70 percent of their professional, registered, and certified employees are alumni of the college. Since the inception of its nursing program in 1992, Jackson State has produced over 715 registered nurses. The number of medically certified technicians/assistants from its allied health programs tops 1,500 graduates.
The study also determined that each year the staff, students, contractors, service providers and other vendors of Jackson State Community College spend over $28 million with local businesses. This spending is after savings and taxes of $3.9 million which benefits local government operations and financial institutions.
Jackson State supports over 600 jobs directly and indirectly with salaries, wages and benefits totaling more than $32 million.
Economic impact is defined as dollars that flow through the local economy each year because of Jackson State Community College. This reflects local college and student spending being re-spent by local businesses and households until it leaks out of the local economy.
JSCC News Archives