This report presents results of a study conducted to estimate the economic impact of St. Louis Community College (SLCC) on the local economy. Introductory material discusses the purpose of economic impact studies, and an analysis of the demography of SLCC and the St. Louis area is provided. Next, the project model used in the study is presented, i.e., a cash flow model which quantifies in monetary terms social factors such as reduced unemployment and increased economic development and determines monetary impacts by computing annual expenditures of the college, college staff, and students. The following section presents study results in the areas of human capital, cash flow, and assessments of direct and indirect impacts. Highlights of the study include these findings: (1) total college expenditures in the St. Louis area were $9,673,000, total employee expenditures were $16,608,000, total college-related expenditures by students totalled $65,279,000, and the total direct dollar impact on the St. Louis economy attributed to the presence of the college was $91,560,000; (2) using a multiplier of 2.5 (as an estimate that for every dollar spent in the area an additional $2.50 is generated in the local economy) the total multiple dollar impact due to the college's existence was $228,900,000; and (3) for every dollar the college invested in the local economy through the purchase of goods and services an additional $24 were generated. Estimates used to assess the economic impact of the college are appended. (HB)