ERIC Number: ED233753
Record Type: RIE
Publication Date: 1983-Feb
Reference Count: 0
The Direct Economic Impact of Brookdale Community College.
Ryan, Gordon Jeremiah
Economic impact studies are of substantial value to administrators and faculty at community colleges because they provide tangible and reliable information on the measurable economic returns to be expected from the dollars invested in community colleges, and, therefore, can assist an institution to improve its position with its funding sources. An economic impact study was conducted by Brookdale Community College (BCC) to gather information that would assist the college in obtaining more appropriations from the Monmouth County Board of Freeholders. The formula used to determine the college's impact on the community involved totalling in-county expenditures by the college, its employees, and its students, and then multiplying the total by 2 to obtain an estimate of the indirect impact of each dollar spent. Results of the study showed the in-county expenditures of the college to be $4.0 million, employee expenditures to be $3.9 million, and student expenditures to be $27.6 million. The total estimated economic impact of the college upon the local community was $7l.2 million after the multiplier effect was taken into account. Appendices include charts detailing the multiplier effect as it applied to Monmouth County, a chart showing each dollar amount calculated during the project and how those figures were derived, and calculation variables used in the study. (HB)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Brookdale Community Coll., Lincroft, NJ. Office of Research and Development.
Identifiers: Economic Impact; New Jersey (Monmouth County)