ERIC Number: ED253293
Record Type: RIE
Publication Date: 1985-Jan
Reference Count: 0
The Economic Impacts of the College on the Local Economy.
Romano, R.; Herbert, N.
This economic impact analysis presents the methods and findings of a study of the short-term effects of Broome Community College on the local economy. Chapter I provides an introduction to the purpose of the study, and its research antecedents. After discussing the general research approach used in the study, chapter II presents the mathematical models used to assess economic impact with respect to local business, government, and individuals/jobs. In chapter III, data collection methods are examined, and information is presented on the reliability of the data and the incorporation of a "no college" assumption into the research design. Chapter IV analyzes results in terms of the dollar amounts arrived at for each model used, and provides further explanations of the economic models for determining impacts on local businesses, local governments, and individuals. Concluding remarks indicate that the total local business volume generated by college-related activities was estimated at $10.7 million in 1975-76, and that if the college were eliminated, the local economy would lose an estimated $16.5 million. Appendices provide further information on research methodology, charts, and the survey questionnaire. (LAL)
Publication Type: Reports - Research; Tests/Questionnaires
Education Level: N/A
Authoring Institution: Broome Community Coll., Binghamton, NY. Inst. for Community Coll. Research.
Identifiers: Economic Impact; Economic Impact Studies
Note: Reprint of a study report published in 1977. Study funded by the Broome Community College Alumni Association.