This analysis initiates Georgian Court College administrative effort to assess the impact of the college on the local economy. As sources of economic impact, specific attention is given to: number of persons employed by the college; amount of money expended by the college (salaries, locally delivered goods and services, and locally produced utilities); amount of money expended locally by administrators, faculty and students; and amount of local property taxes paid by the college. The study also examines the effect of college-related enterprises, college banking practices, and local purchases by local businesses in support of their college-related business volume. The study is intended to serve as a model for periodic measurement of these and other local economic impacts. Following a profile of the institution and the local economy, the literature on the subject is reviewed, and the multiplier concept and the college as a participant in the local economy are discussed. Supporting data concerning college statistics and the demographics and economic status of the local area are provided in charts, and the measurement and calculations on all of the economic indicators are summarized. The college's mission statement and a data collection guide are appended. The document concludes with an annotated bibliography of 18 items and 16 additional references. (KM)