{"id":890,"date":"2025-01-24T16:09:52","date_gmt":"2025-01-24T16:09:52","guid":{"rendered":"https:\/\/www.eastcentral.edu\/rolla\/?page_id=890"},"modified":"2025-11-17T14:29:23","modified_gmt":"2025-11-17T20:29:23","slug":"economic-impact","status":"publish","type":"page","link":"https:\/\/www.eastcentral.edu\/rolla\/economic-impact\/","title":{"rendered":"\u00a0The Economic Value of ÌÇÐÄvlog¹ÙÍø\u2013Rolla"},"content":{"rendered":"
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\"Map
*ÌÇÐÄvlog¹ÙÍø\u2013Rolla Service Region<\/figcaption><\/figure>\n<\/div>\n\n\n


The EAST CENTRAL COLLEGE ROLLA CAMPUS <\/strong>(ÌÇÐÄvlog¹ÙÍø) creates value for the region in many ways. The campus plays a key role in helping students increase their employability and achieve their individual potential. The campus draws students to the region, generating new dollars and opportunities for the ÌÇÐÄvlog¹ÙÍø Service Region*<\/sup>. ÌÇÐÄvlog¹ÙÍø provides students with the education, training, and skills they need to have fulfilling and prosperous careers. Furthermore, the campus is a place for students to meet new people, increase their self-confidence, and promote their overall health and well-being.\u00a0<\/p>\n\n\n\n

This study measures the economic impacts created by ÌÇÐÄvlog¹ÙÍø on the business community. All results reflect employee, student, and financial data provided by the college for fiscal year (FY) 2022-23. Impacts on the ÌÇÐÄvlog¹ÙÍø Service Region economy are measured in terms of added income. <\/p>\n\n\n\n

Economic impact analysis<\/h2>\n\n\n\n

ÌÇÐÄvlog¹ÙÍø promotes economic growth in the ÌÇÐÄvlog¹ÙÍø Service Region through its direct expenditures and the resulting expenditures of students and regional businesses. The college serves as an employer and buyer of goods and services for its day-to-day operations. The college\u2019s activities retain students in the ÌÇÐÄvlog¹ÙÍø Service Region, whose expenditures benefit regional vendors. In addition, ÌÇÐÄvlog¹ÙÍø is one of the primary sources of higher education to the ÌÇÐÄvlog¹ÙÍø Service Region residents and a supplier of trained workers to regional industries, enhancing overall productivity in the regional workforce. <\/em><\/p>\n\n\n\n

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Operations spending impact <\/h3>\n\n\n\n

ÌÇÐÄvlog¹ÙÍø adds economic value to the ÌÇÐÄvlog¹ÙÍø Service Region as an employer of regional residents and a large-scale buyer of goods and services. In FY 2022-23, the college employed 34 full-time and part-time faculty and staff, all of whom lived in the ÌÇÐÄvlog¹ÙÍø Service Region. Total payroll at ÌÇÐÄvlog¹ÙÍø was $4.4 million, much of which was spent in the region for groceries, mortgage and rent payments, dining out, and other household expenses. In addition, the college spent $2.1 million on expenses related to facilities, supplies, and professional services. <\/p>\n\n\n\n

ÌÇÐÄvlog¹ÙÍø\u2019s operations spending added $4.8 million in income to the region during the analysis year. This figure represents the college\u2019s payroll, the multiplier effects generated by the in-region spending of the college and its employees, and a downward adjustment to account for funding that the college received from regional sources. The $4.8 million in added income is equivalent to supporting 38 jobs in the region. <\/p>\n\n\n\n

Student spending impact <\/h3>\n\n\n\n

Some in-region students, referred to as retained students, would have left the ÌÇÐÄvlog¹ÙÍø Service Region if not for the existence of ÌÇÐÄvlog¹ÙÍø. While attending the college, these retained students spent money on groceries, accommodation, transportation, and other household expenses. This spending generated $424.5 thousand in added income for the regional economy in FY 2022-23, which supported 8 jobs in the ÌÇÐÄvlog¹ÙÍø Service Region. <\/p>\n\n\n\n

Alumni impact <\/h3>\n\n\n\n

The education and training ÌÇÐÄvlog¹ÙÍø provides for regional residents has the greatest impact. Since the establishment of the college, students have studied at ÌÇÐÄvlog¹ÙÍø and entered the regional workforce with greater knowledge and new skills. Today, thousands of former ÌÇÐÄvlog¹ÙÍø students are employed in the ÌÇÐÄvlog¹ÙÍø Service Region. As a result of their education from ÌÇÐÄvlog¹ÙÍø, the students receive higher earnings and increase the productivity of the businesses that employ them. In FY 2022-23, ÌÇÐÄvlog¹ÙÍø alumni generated $7.5 million in added income for the regional economy, which is equivalent to supporting 117 jobs. <\/p>\n\n\n\n

Total impact <\/h3>\n\n\n\n

ÌÇÐÄvlog¹ÙÍø added $12.8 million in income to the ÌÇÐÄvlog¹ÙÍø Service Region economy during the analysis year, equal to the sum of the operations spending impact, the student spending impact, and the alumni impact. <\/p>\n\n\n\n

ÌÇÐÄvlog¹ÙÍø\u2019s total impact can also be expressed in terms of jobs supported. The $12.8 million impact supported 164 regional jobs, using the jobs-to-sales ratios specific to each industry in the region. In addition, the $12.8 million, or 164 supported jobs, stemmed from different industry sectors. For instance, among non-education industry sectors, the spending of ÌÇÐÄvlog¹ÙÍø and its students and the activities of its alumni in the Government, Non-Education industry sector supported 15 jobs in FY 2022-23. If the college did not exist, these impacts would not have been generated in the ÌÇÐÄvlog¹ÙÍø Service Region. <\/p>\n<\/div>\n\n\n\n

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Impacts created by <\/strong>
ÌÇÐÄvlog¹ÙÍø in FY 2022\u201323<\/strong><\/p>\n\n\n\n

\n\t
\n\t\t
\n\t\t\t
<\/div>\n\t\t\t
\n\t\t\t\t
Operations spending impact<\/div>\n\t\t\t\t
$4.8<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t
+<\/div>\n\t\t
\n\t\t\t
<\/div>\n\t\t\t
\n\t\t\t\t
Student spending impact<\/div>\n\t\t\t\t
$425<\/span> thousand<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t
+<\/div>\n\t\t
\n\t\t\t
<\/div>\n\t\t\t
\n\t\t\t\t
Alumni impact<\/div>\n\t\t\t\t
$7.5<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n\t
\n\t\t
\n\t\t\t
<\/div>\n\t\t\t
\n\t\t\t\t
Total economic impact<\/div>\n\t\t\t\t
$12.8<\/span> million<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t\t
or<\/div>\n\t\t
\n\t\t\t
<\/div>\n\t\t\t
\n\t\t\t\t
Jobs supported<\/div>\n\t\t\t\t
164<\/div>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/div>\n\n