This report measures the five-year (1995-2000) economic impact of Pellissippi State Technical Community College (PSTCC) on Knox and Blount counties in Tennessee. Results are based on a standard model of economic impact modified for community colleges. The model uses conservative income and employment multipliers to determine PSTCC's economic impact on the following: (1) business volume; (2) local employment; and (3) individual income. The study reveals that over $124 million in new, non-local, state/federal revenues flowed into the area during 1995-2000 as a result of PSTCC's presence. These external revenues represented 68% of the total college revenues for the period. A total of over $57 million in local revenues was also received by the college during this period. The combined five-year direct economic impact on the community represents over $402 million, or an average of $80 million per year. Of this amount, $313 million, or over $62 million per year, is due to the infusion of new external/non-local revenues. According to the report, this impact would likely not have occurred without the presence of Pellissippi State in the area. Another general trend over the five-year period is a decreasing percentage of state/federal revenues and an increasing percentage of local revenues. (Report contains 5 tables and 3 figures.) (NB)