ERIC Number: ED221140
Record Type: RIE
Publication Date: 1982-Apr
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)
Descriptors: Banking, Church Related Colleges, College Faculty, College Stores, College Students, Construction Industry, Economic Factors, Educational Economics, Employees, Expenditures, Government School Relationship, Higher Education, Local Government, Real Estate, School Business Relationship, School Community Relationship, Taxes
Publication Type: Reports - Research
Education Level: 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.