ERIC Number: ED158804
Record Type: RIE
Publication Date: 1978-Sep
Reference Count: 0
The Economic Impacts of Maryland Community Colleges.
Linthicum, Dorothy S.
The problem addressed in this study is the identification of economic benefits generated by the 17 Maryland community colleges, and their associated costs. Figures for fiscal year 1977 are used to assess the statewide impact of the community colleges on the business sector, in terms of total impact of expenditures by the colleges and their staffs, the sources of funds for the colleges, how much business property exists in support of their expenditures, how much the credit base of Maryland's banks expanded and how much state business volume was unrealized because of the colleges. Impact on the government sector is considered in relation to: federal tax revenues and transfer payments received by the state; revenue received by local jurisdictions; the cost to the state for provision of services to the colleges and their employees, and the value of state property related to these services; and the amount of state and local real estate taxes foregone because of the tax-exempt status of the colleges. The colleges affected general employment by: making more full-time jobs available, by increasing the earning capacity of their graduates, and increasing state and local tax revenues generated by the increased earnings. Also considered are the state and local investments, and internal rates of return for students and the public. A bibliography and review of the literature are included. (MB)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Maryland State Board for Community Colleges, Annapolis.