This economic impact study examines the ways in which Pellissippi State Technical Community College (Tennessee) is a major contributor to the economic base of Knox and Blount Counties. The report is based on a standard model of economic impact modified for community colleges, and it uses conservative income and employment modifiers to determine economic impact. The explicit economic impact is expressed in terms of jobs created, business volume generated, and personal income earned, while the implicit impact is expressed through the improved productivity and quality of life achieved through increased education. The combined 5-year (1996-2001) direct economic impact in the community represents $420 million, or an average of $84 million per year. Of this amount, $324.6 million, or over $64 million per year, was due to an infusion of new, external/non-local revenues. The local business volume generated by college expenditures during 1996-2001 was $210.6 million, with $160.9 million due to non-local revenues. Annual business volume generated ranged from $37.2 million to $48.3 million. Local full-time jobs created during the period as a result of the College's presence totaled 15,626, in addition to the College's own 2,087 full-time jobs. Of this total, 11,753 jobs were the result of non-local revenues. For every $1 of local revenues coming into the College, there is a total investment return of $6.81 to $7.20 on the local dollar. (NB)