{"id":958,"date":"2025-01-21T14:41:36","date_gmt":"2025-01-21T14:41:36","guid":{"rendered":"https:\/\/www.eastcentral.edu\/about-ecc\/?page_id=958"},"modified":"2025-07-03T16:56:01","modified_gmt":"2025-07-03T16:56:01","slug":"economic-impact","status":"publish","type":"page","link":"https:\/\/www.eastcentral.edu\/about-ecc\/economic-impact\/","title":{"rendered":"The Economic Value of ÌÇÐÄvlog¹ÙÍø on the ÌÇÐÄvlog¹ÙÍø Taxing District"},"content":{"rendered":"\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column esi-banner is-layout-flow wp-block-column-is-layout-flow\">\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column esi-counter is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<div class=\"wp-block-essential-blocks-number-counter  root-eb-counter-1ul2i\"><div class=\"eb-parent-wrapper eb-parent-eb-counter-1ul2i \"><div class=\"eb-counter-1ul2i eb-counter-wrapper\"><div class=\"counter-contents-wrapper\"><p class=\"eb-counter-number\"><span class=\"eb-counter-prefix\">$<\/span><span class=\"eb-counter eb-counter-number\" data-duration=\"1500\" data-startvalue=\"0\" data-target=\"110\" data-separator=\",\" data-isshowseparator=\"true\">0<\/span><span class=\"eb-counter-suffix\">.9<\/span><\/p><p class=\"eb-counter-title\">million<br>PER YEAR <\/p><\/div><\/div><\/div><\/div>\n\n\n\n<p class=\"has-text-align-center\" style=\"font-size:28px\"><strong>in added income  <br>to the ÌÇÐÄvlog¹ÙÍø taxing district<\/strong><\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<figure class=\"wp-block-image size-full\"><a href=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ecc-taxing-district.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"800\" height=\"724\" src=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ecc-taxing-district.jpg\" alt=\"Map of ÌÇÐÄvlog¹ÙÍø's taxing district in Missouri\" class=\"wp-image-1051\" srcset=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ecc-taxing-district.jpg 800w, https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ecc-taxing-district-300x272.jpg 300w, https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ecc-taxing-district-768x695.jpg 768w\" sizes=\"auto, (max-width: 800px) 100vw, 800px\" \/><\/a><\/figure>\n\n\n\n<p class=\"has-text-align-center\"><strong>The ÌÇÐÄvlog¹ÙÍø Taxing District<\/strong><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<style>\n.eb-counter-wrapper.eb-counter-1ul2i .eb-counter-number, .eb-counter-wrapper.eb-counter-1ul2i .eb-counter-title {\n  color:var(--true-blue);\n}\n.page-featured-image {\n  height: 25vh!important;\n  margin-bottom: -40px;\n}\n.title {\n  margin: -20px -20px 30px!important;\n}\n.title .entry-title, .title hr.aqua-hr {\n  margin-left: 20px;\n}\n.counter-contents-wrapper {\n  color: var(--true-blue)!important;\n}\n.eb-counter-wrapper {\n    background-color:transparent!important;\n}\n.eb-counter-number .eb-counter, .eb-counter-number .eb-counter-prefix, .eb-counter-number .eb-counter-suffix {\n  font-size: 120px!important;\n  line-height: 120px!important;\n}\n.eb-counter-title {\n  font-size: 80px!important;\n  line-height: 80px!important;\n}\n@media (max-width:720px) {\n  .title {\n    margin: 0px 0px 30px!important;\n  }\n  .title .entry-title, .title hr.aqua-hr {\n    margin-left: 0px;\n  }\n}\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\">Economic impact analysis<\/h2>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<p>In FY 2022-23, ÌÇÐÄvlog¹ÙÍø added <strong>$110.9 million <\/strong>in income to the ÌÇÐÄvlog¹ÙÍø Taxing District<sup>* <\/sup>economy, a value approximately equal to <strong>2.7% <\/strong>of the region\u2019s total gross regional product (GRP). Expressed in terms of jobs, ÌÇÐÄvlog¹ÙÍø\u2019s impact supported <strong>1,891 jobs<\/strong>. <\/p>\n\n\n\n<p>For perspective, the activities of ÌÇÐÄvlog¹ÙÍø and its students support <strong>one out of every 26 jobs <\/strong>in the ÌÇÐÄvlog¹ÙÍø Taxing District.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Operations spending impact<\/h3>\n\n\n\n<p>ÌÇÐÄvlog¹ÙÍø employed 453 full-time and part-time faculty and staff. Payroll amounted to $18.2 million, much of which was spent in the region for groceries, mortgage and rent payments, dining out, and other household expenses. The college spent another $8.7 million on its expenses related to facilities, supplies, and professional services (excluding construction).<\/p>\n\n\n\n<p>The net impact of the college\u2019s operations spending added <strong>$10.9 million <\/strong>in income to the regional economy in FY 2022-23.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Student spending impact<\/h3>\n\n\n\n<p>Around 34% of students attending ÌÇÐÄvlog¹ÙÍø originated from outside the region. Most of them relocated to the ÌÇÐÄvlog¹ÙÍø Taxing District. In addition, some in-region students, referred to as retained students, would have left the ÌÇÐÄvlog¹ÙÍø Taxing District for other educational opportunities if not for ÌÇÐÄvlog¹ÙÍø. These relocated and retained students spent money on groceries, mortgage and rent payments, and other living expenses at regional businesses.&nbsp;<\/p>\n\n\n\n<p>The expenditures of relocated and retained students in FY 2022-23 added <strong>$9.5 million <\/strong>in income to the ÌÇÐÄvlog¹ÙÍø Taxing District economy.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Alumni impact<\/h3>\n\n\n\n<p>Over the years, students have studied at ÌÇÐÄvlog¹ÙÍø and entered or re-entered the workforce with newly acquired knowledge and skills. Today, thousands of these former students are employed in the ÌÇÐÄvlog¹ÙÍø Taxing District.<\/p>\n\n\n\n<p>The net impact of ÌÇÐÄvlog¹ÙÍø\u2019s former students currently employed in the regional workforce amounted to <strong>$90.5 million <\/strong>in added income in FY 2022-23.<\/p>\n\n\n\n<p class=\"has-small-font-size\">* For the purposes of this analysis, the ÌÇÐÄvlog¹ÙÍø Taxing District is comprised of 16 zip codes spanning across Crawford, Franklin, St. Charles, and Warren Counties in Missouri.&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p class=\"has-text-align-center has-text-color has-link-color has-medium-font-size wp-elements-d30b4403ce5212592ab92907cb5791c3\" style=\"color:#444444\"><strong>Impacts created by <\/strong><br><strong>ÌÇÐÄvlog¹ÙÍø in FY 2022\u201323<\/strong><\/p>\n\n\n\n<div class=\"impact-sidebar sidebar-frame\" style=\"margin-bottom:20px;\">\n\t<div style=\"padding: 20px;color:var(--true-blue);font-weight: 600;\">\n\t\t<div>\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div>Operations spending impact<\/div>\n\t\t\t\t<div style=\"font-size: 24px;\"><span style=\"font-size: 32px;\">$10.9<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"sidebar-plus\">+<\/div>\n\t\t<div>\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div>Student spending impact<\/div>\n\t\t\t\t<div style=\"font-size: 24px;\"><span style=\"font-size: 32px;\">$9.5<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"sidebar-plus\">+<\/div>\n\t\t<div>\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div>Alumni impact<\/div>\n\t\t\t\t<div style=\"font-size: 24px;\"><span style=\"font-size: 32px;\">$90.5<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div style=\"padding: 20px;background-color: var(--true-blue);color:#ffffff;font-weight: 600;\">\n\t\t<div>\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div>Total economic impact<\/div>\n\t\t\t\t<div style=\"font-size: 24px;\"><span style=\"font-size: 32px;\">$110.9<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div class=\"sidebar-or\">or<\/div>\n\t\t<div>\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div>Jobs supported<\/div>\n\t\t\t\t<div style=\"font-size: 32px;\">1,891<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n<style>\n.sidebar-frame {\n\tborder: 1px solid var(--true-blue);\n\tborder-top: 20px solid var(--true-blue);\n}\n.sidebar-plus {\n\tfont-size: 42px;\n\tline-height: 1.2em;\n\tfont-weight: 600;\n\ttext-align: center;\n}\n.sidebar-or {\n\tbackground-color: white;\n\tcolor: var(--true-blue);\n\tfont-size: 24px;\n\tline-height: 1.2em;\n\tfont-weight: 600;\n\ttext-align: center;\n\ttext-transform: uppercase;\n\tmargin: 10px 0 16px;\n}\n<\/style>\n\n\n\n<div style=\"font-size:20px;background-color: #f8f8f8;padding:20px;\"><strong>One out of every 26 jobs<\/strong> in the ÌÇÐÄvlog¹ÙÍø Taxing District are supported by the activities of ÌÇÐÄvlog¹ÙÍø and its students.<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Investment analysis<\/h2>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:66.66%\">\n<h3 class=\"wp-block-heading\">Student perspective&nbsp;<\/h3>\n\n\n\n<p>ÌÇÐÄvlog¹ÙÍø\u2019s FY 2022-23 students paid a present value of $7.7 million to cover the cost of tuition, fees, supplies, and interest on student loans. They also forwent a value of $5.7 million in time and money had they been working instead of attending college.&nbsp;<\/p>\n\n\n\n<p>In return for their investment, students will receive a cumulative present value of <strong>$74.3 million <\/strong>in increased earnings over their working lives. <\/p>\n\n\n\n<p>This translates to a return of <strong>$5.60 <\/strong>in higher future earnings for every dollar students invest in their education. Students\u2019 average annual rate of return is <strong>17.9%<\/strong>.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Taxpayer perspective&nbsp;<\/h3>\n\n\n\n<p>Taxpayers provided ÌÇÐÄvlog¹ÙÍø with $18.6 million<strong> <\/strong>of funding in FY 2022-23. In return, they will benefit from added tax revenue, stemming from students\u2019 higher lifetime earnings and increased business output, amounting to $22.5 million. A reduced demand for government-funded services in Missouri will add another $3.1 million<strong> <\/strong>in benefits to taxpayers.&nbsp;<\/p>\n\n\n\n<p>Total taxpayer benefits amount to $25.6 million, the present value sum of the added tax revenue and public sector savings. <strong>For every dollar of public money invested in ÌÇÐÄvlog¹ÙÍø, taxpayers will receive $1.40 in return<\/strong> over the course of students\u2019 working lives. The average annual rate of return for taxpayers is 2.2%.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Social perspective&nbsp;<\/h3>\n\n\n\n<p>In FY 2022-23, Missouri invested $35.4 million to support ÌÇÐÄvlog¹ÙÍø. In turn, the Missouri economy will grow by $289.0 million, over the course of students\u2019 working lives. Society will also benefit from $12.6 million of public and private sector savings.&nbsp;<\/p>\n\n\n\n<p><strong>For every dollar<\/strong> <strong>invested in ÌÇÐÄvlog¹ÙÍø<\/strong> in FY 2022-23,<strong> people in Missouri will receive<\/strong> <strong>$8.50 in return<\/strong>, for as long as ÌÇÐÄvlog¹ÙÍø\u2019s FY 2022-23 students remain active in the state workforce.&nbsp;<\/p>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:33.33%\">\n<p class=\"has-text-color has-link-color has-medium-font-size wp-elements-44fa8bee2b31ea248c94186d05a2db3e\" style=\"color:#444444\"><strong>Students see a high rate of return for their investment in ÌÇÐÄvlog¹ÙÍø<\/strong><\/p>\n\n\n\n<div class=\"investment-sidebar\" style=\"margin-bottom: 40px;\">\n\t<div style=\"margin-bottom: 20px;\">\n\t\t<div><\/div>\n\t\t<div>\n\t\t\t<div style=\"font-weight: 500;\">Average annual return for ÌÇÐÄvlog¹ÙÍø students<\/div>\n\t\t\t<div style=\"font-size: 20px;font-weight: 500;\">17.9%<\/div>\n\t\t\t<div class=\"roi-bar\" style=\"width:100%;background-color:var(--sunshine);\"><\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div style=\"margin-bottom: 20px;\">\n\t\t<div><\/div>\n\t\t<div>\n\t\t\t<div style=\"font-weight: 500;\">Stock market 30-year average annual return<\/div>\n\t\t\t<div style=\"font-size: 20px;font-weight: 500;\">10.1%<\/div>\n\t\t\t<div class=\"roi-bar\" style=\"width:56.42466%;\"><\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div style=\"margin-bottom: 20px;\">\n\t\t<div><\/div>\n\t\t<div>\n\t\t\t<div style=\"font-weight: 500;\">Interest earned on savings account (national deposit rate)<\/div>\n\t\t\t<div style=\"font-size: 20px;font-weight: 500;\">0.5%<\/div>\n\t\t\t<div class=\"roi-bar\" style=\"width:2.7933%;;\"><\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div style=\"font-size: 14px;\">\n\t\tSource: Forbes\u2019 S&#038;P 500, 1992\u20132022;<br>\n\t\tFDIC.gov, 2\u20132022\n\t<\/div>\n<\/div>\n\n<style>\n.roi-bar {\n\tbackground-color: #999;\n\theight: 10px;\n}\n<\/style>\n\n\n\n<div class=\"roi-sidebar sidebar-frame\">\n\t<div style=\"padding: 20px;\">\n\t\t<div style=\"font-size: 20px;font-weight: 600; text-align: center; color:var(--true-blue);\">For every $1&hellip;<\/div>\n\t\t<hr  \/>\n\t\t<div style=\"margin-bottom: 20px;\">\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div><strong>Students<\/strong> gain in lifetime earnings<\/div>\n\t\t\t\t<div style=\"font-size: 32px;font-weight: 500;color: var(--true-blue);\">$5.60<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div style=\"margin-bottom: 20px;\">\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div><strong>Taxpayers<\/strong> gain in added tax revenue and public sector savings<\/div>\n\t\t\t\t<div style=\"font-size: 32px;font-weight: 500;color: var(--true-blue);\">$1.40<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t<div>\n\t\t\t<div><\/div>\n\t\t\t<div>\n\t\t\t\t<div><strong>Society<\/strong> gains in added income and social savings<\/div>\n\t\t\t\t<div style=\"font-size: 32px;font-weight: 500;color: var(--true-blue);\">$8.50<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Summary of Investment Analysis Results<\/h2>\n\n\n\n<div class=\"investment-summary\">\n\t<div>\n\t\t<h2>Student perspective<\/h2>\n\t\t<div class=\"roi-data-col\">\n\t\t\t<div class=\"breakdown-heading\">Present value benefits<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 10px;\"><strong>$74.3<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-heading\">Present value costs<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 10px;\"><strong>$13.3<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-heading\">Net present value<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 20px;\"><strong>$60.9<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-container\">\n\t\t\t\t<div>\n\t\t\t\t\t<div class=\"breakdown-heading-container breakdown-heading\">Benefit-cost ratio<\/div>\n\t\t\t\t\t<div class=\"summary-total\">5.6<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div>\n\t\t\t\t\t<div class=\"breakdown-heading-container breakdown-heading\">Rate of return<\/div>\n\t\t\t\t\t<div class=\"summary-total\">17.9%<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div>\n\t\t<h2>Taxpayer perspective<\/h2>\n\t\t<div class=\"roi-data-col\">\n\t\t\t<div class=\"breakdown-heading\">Present value benefits<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 10px;\"><strong>$25.6<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-heading\">Present value costs<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 10px;\"><strong>$18.6<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-heading\">Net present value<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 20px;\"><strong>$6.9<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-container\">\n\t\t\t\t<div>\n\t\t\t\t\t<div class=\"breakdown-heading-container breakdown-heading\">Benefit-cost ratio<\/div>\n\t\t\t\t\t<div class=\"summary-total\">1.4<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div>\n\t\t\t\t\t<div class=\"breakdown-heading-container breakdown-heading\">Rate of return<\/div>\n\t\t\t\t\t<div class=\"summary-total\">2.2%<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\t<div>\n\t\t<h2>Social perspective<\/h2>\n\t\t<div class=\"roi-data-col\" style=\"border: 0;\">\n\t\t\t<div class=\"breakdown-heading\">Present value benefits<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 10px;\"><strong>$301.5<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-heading\">Present value costs<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 10px;\"><strong>$25.4<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-heading\">Net present value<\/div>\n\t\t\t<div class=\"summary-total\" style=\"margin-bottom: 20px;\"><strong>$266.1<\/strong> million<\/div>\n\t\t\t<div class=\"breakdown-container\">\n\t\t\t\t<div>\n\t\t\t\t\t<div class=\"breakdown-heading-container breakdown-heading\">Benefit-cost ratio<\/div>\n\t\t\t\t\t<div class=\"summary-total\">8.5<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div>\n\t\t\t\t\t<div class=\"breakdown-heading-container breakdown-heading\">Rate of return<\/div>\n\t\t\t\t\t<div class=\"summary-total\">n\/a<\/div>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<style>\n.investment-summary {\n\tdisplay: grid;\n\tgrid-template-columns: 1fr 1fr 1fr;\n\tborder-top: 18px solid var(--true-blue);\n\tcolor: var(--true-blue);\n\tmargin-bottom: 40px;\n}\n.investment-summary h2 {\n\tfont-size:16px;\n\ttext-align: center;\n\tborder-top: 2px solid var(--true-blue);\n\tborder-bottom: 1px solid var(--true-blue);\n\tpadding: 10px 5px;\n}\n.investment-summary .roi-data-col {\n\tborder-right: 1px solid var(--true-blue);\n\ttext-align: center;\n\tpadding: 0 10px;\n}\n.investment-summary .breakdown-container {\n\tdisplay: grid;\n\tgrid-template-columns: 1fr 1fr;\n\tgap: 4px;\n}\n.investment-summary .breakdown-heading-container {\n\tbackground-color: var(--true-blue);\n\tcolor: white;\n\ttext-align: center;\n\tpadding:6px;\n}\n.investment-summary .breakdown-heading {\n\tfont-size: 14px;\n\tfont-weight: 500;\n}\n.investment-summary .summary-total {\n\tfont-size: 24px;\n\tfont-weight: 500;\n}\n@media (max-width:680px) {\n  .investment-summary {\n    grid-template-columns: 1fr;\n    gap:20px;\n  }\n  .investment-summary .roi-data-col {\n    border-right: 0px;\n  }\n}\n\n<\/style>\n\n\n\n<h2 class=\"wp-block-heading\">Links<\/h2>\n\n\n\n<p><a href=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ÌÇÐÄvlog¹ÙÍø-Economic-Impact-Study-Fact-Sheet.pdf\">Fact Sheet<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ÌÇÐÄvlog¹ÙÍø-Economic-Impact-Study-Executive-Summary.pdf\">Executive Summary<\/a><\/p>\n\n\n\n<p><a href=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/ÌÇÐÄvlog¹ÙÍø-Economic-Impact-Study-Main-Report.pdf\">Complete Report<\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Conclusion<\/h2>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"alignright size-large is-resized\"><a href=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary.jpg\"><img loading=\"lazy\" decoding=\"async\" width=\"620\" height=\"1024\" src=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary-620x1024.jpg\" alt=\"Culinary arts student smiling and stirring food in pan\" class=\"wp-image-1020\" style=\"width:267px;height:auto\" srcset=\"https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary-620x1024.jpg 620w, https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary-182x300.jpg 182w, https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary-768x1268.jpg 768w, https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary-931x1536.jpg 931w, https:\/\/www.eastcentral.edu\/about-ecc\/wp-content\/uploads\/sites\/34\/2025\/01\/eis-culinary.jpg 936w\" sizes=\"auto, (max-width: 620px) 100vw, 620px\" \/><\/a><\/figure>\n<\/div>\n\n\n<p><em>The results of this study demonstrate that ÌÇÐÄvlog¹ÙÍø creates value from <\/em><strong><em>multiple perspectives<\/em><\/strong><em>.&nbsp;<\/em><\/p>\n\n\n\n<p>The college benefits regional businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers to the workforce. ÌÇÐÄvlog¹ÙÍø enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. The college benefits state and local taxpayers through increased tax receipts and a reduced demand for government-supported social services. <\/p>\n\n\n\n<p>Finally, ÌÇÐÄvlog¹ÙÍø benefits society as a whole in Missouri by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students.&nbsp;<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">About the study<\/h3>\n\n\n\n<p>Data and assumptions used in the study are based on several sources, including the FY 2022-23 academic and financial reports from ÌÇÐÄvlog¹ÙÍø, industry and employment data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau, outputs of Lightcast\u2019s Multi-Regional Social Accounting Matrix model, and a variety of studies and surveys relating education to social behavior. The study applies a conservative methodology and follows standard practice using only the most recognized indicators of economic impact and investment effectiveness. For a full description of the data and approach used in the study, please contact the college for a copy of the main report.&nbsp;<\/p>\n\n\n\n<p>Inquiries about the report can be sent to Dr. Jon Bauer, president, ÌÇÐÄvlog¹ÙÍø. <a href=\"mailto:Jon.Bauer@eastcentral.edu\">Jon.Bauer@eastcentral.edu<\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\">ÌÇÐÄvlog¹ÙÍø<\/h2>\n\n\n\n<p>ÌÇÐÄvlog¹ÙÍø influences both the lives of its students and the regional economy. The campus supports a variety of industries in the ÌÇÐÄvlog¹ÙÍø Service Region, serves regional businesses, and benefits society as a whole in Missouri from an expanded economy and improved quality of life.&nbsp;<\/p>\n\n\n\n<p><a class=\"ecc-button\" href=\"https:\/\/www.eastcentral.edu\/rolla\/economic-impact\/\">Explore full economic impact of ÌÇÐÄvlog¹ÙÍø\u2013Rolla &nbsp;<i class=\"fa-sharp fa-solid fa-right-long\"><\/i><\/a><\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<svg class=\"alignleft\" style=\"max-width:100px;\" viewBox=\"0 0 200 200\" fill=\"none\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"hidden xl:block w-44 h-[var(--navHeight)]\"><path d=\"M180.772 90.5001H135.579V0L90.3858 45.25V135.75L45.1929 135.75V90.5001L0 135.75V181H45.1929L90.3858 135.75H135.579L180.772 90.5001Z\" fill=\"#F54562\" class=\"fill-lc-red-sailor\"><\/path><\/svg>\n\n\n\n<p style=\"font-size:14px\"><strong>Lightcast<\/strong> provides colleges and universities with labor market data that help create better outcomes for students, businesses, and communities. Their data, which cover more than 99% of the U.S. workforce, are compiled from a wide variety of government sources, job postings, and online profiles and r\u00e9sum\u00e9s. Hundreds of institutions use Lightcast to align programs with regional needs, drive enrollment, connect students with in-demand careers, track their alumni\u2019s employment outcomes, and demonstrate their institution\u2019s economic impact on their region. Visit <a href=\"https:\/\/www.lightcast.io\/solutions\/education\">lightcast.io\/solutions\/education<\/a> to learn more.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>in added income to the ÌÇÐÄvlog¹ÙÍø taxing district The ÌÇÐÄvlog¹ÙÍø Taxing District Economic impact analysis In FY 2022-23, ÌÇÐÄvlog¹ÙÍø added $110.9 million in income to the ÌÇÐÄvlog¹ÙÍø Taxing District* economy, a value approximately equal to 2.7% of the region\u2019s total gross regional product (GRP). Expressed in terms of jobs, ÌÇÐÄvlog¹ÙÍø\u2019s impact supported 1,891 jobs. For [&hellip;]<\/p>\n","protected":false},"author":98,"featured_media":1047,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"template\/template-full-page.php","meta":{"_eb_attr":"","footnotes":""},"yst_prominent_words":[],"class_list":["post-958","page","type-page","status-publish","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/pages\/958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/users\/98"}],"replies":[{"embeddable":true,"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/comments?post=958"}],"version-history":[{"count":156,"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/pages\/958\/revisions"}],"predecessor-version":[{"id":1400,"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/pages\/958\/revisions\/1400"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/media\/1047"}],"wp:attachment":[{"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/media?parent=958"}],"wp:term":[{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.eastcentral.edu\/about-ecc\/wp-json\/wp\/v2\/yst_prominent_words?post=958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}