An economic impact study was conducted to determine the short- and long-term impact of Caldwell Community College and Technical Institute (CCC&TI) on the local economy. Using the Salley model, direct economic impact was determined based on the collection of institutional enrollment, payroll, and purchasing data; surveys and estimations of faculty/staff and student spending; calculation of the local multiplier peculiar to Caldwell County; calculation of employee equivalent of student spending; and determination of CCC&TI's total impact on community income. In addition, available data were analyzed to assess CCC&TI's indirect impact on areas such as unemployment, wages, and reduced industry training costs. Study findings indicated that: (1) full-time students spent an average of $5,665 locally, while faculty and staff spent an average of $13,628; (2) direct spending of faculty/staff and students totaled $6,354,272; (3) the total impact of CCC&TI was calculated at $9,658,494; (4) the local multiplier was found to be 1.52, indicating that for each dollar spent, an additional $0.52 of income was generated; (5) 86% of the full-time students and 72% of the part-time students said they would be enrolled elsewhere if the college were not located in Caldwell County; and (6) the college spent $30,531 in state aid to train workers for new or expanding industries. Survey forms and financial data are appended. (LAL)