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ERIC Number: ED221140
Record Type: RIE
Publication Date: 1982-Apr
Pages: 92
Abstractor: N/A
Reference Count: 0
An Economic Impact Study of Liberty Baptist College on the Lynchburg Metropolitan Area.
Moisan, Leonard J.
A study was conducted to determine Liberty Baptist College's impact on the Lynchburg area in the 1980 fiscal year. Three impact areas were studied: local businesses, governments, and individuals. Local construction expenditures of $5.6 million, additional college-related expenditures of other affiliated organizations, and several other peripheral categories of influence were excluded. Findings revealed: local business volume stimulated by college-related expenditures was $24,297,643; $13,413,529 worth of business property was committed to college-related business; due to college-related deposits of the college, employees, and students, local banks' credit base was expanded by $1,603,827; $706,459 in local business volume was unrealized due to the college bookstore's operation; $1,040,457 were received by local governments due to the college's existence, excluding college-related revenues from several sources; local governments spent $1,489,710 for services allocable to college-related influences; $866,184 of local government properties were allocable to a college-related portion of services; $71,000 in real estate taxes were lost by local governments due to the college's tax-exempt status; 1,586 jobs were attributable to the college's presence; $14,712,214 in local individuals' income was due to college-related activities; and $441,366 in durable goods was procured with income from college-related jobs and business activities. (Author/MSE)
Publication Type: Reports - Research
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: Liberty Baptist Coll., Lynchburg, VA.
Identifiers: Economic Impact; Economic Impact Studies; Liberty Baptist College VA
Note: Study presented to the president and board of trustees of Liberty Baptist College.