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ERIC Number: ED072779
Record Type: Non-Journal
Publication Date: 1973
Pages: 113
Abstractor: N/A
Reference Count: N/A
The Impact of the College on the Local Economy. Research Report No. 11.
Selgas, James W.; And Others
Significant aspects of the economic relationships between the Harrisburg (Pennsylvania) Area Community College and the local community were studied, and quantitative information regarding such relationships is presented. The impact on business was measured in terms of increased cash flows in the local economy. Both an inclusive and a conservative estimate were made for each type of expenditures in the local area by college-related individuals. The total estimated impact in terms of increased cash flows was $4,039,431 inclusive and $2,229,868 conservative. A local multiplier of 1.45 was applied to these figures to arrive at full estimate impact figures of $5,857,175 inclusive and $3,233,309 conservative. After the negative impact of taxes was accounted for, the operation of the college contributed 2 to 4.5 million dollars annually to the cash flow of the local economy. The impact of the college on local government was shown by the estimated $220,350 inclusive and $93,936 conservative taxes paid by college-related persons. The taxes used to support the college is a negative economic impact, but the net impact including increased expenditures was definitely positive. The study also revealed that the revenue picture was relatively positive, in that less than 30% of the operating budget comes from local taxes, and almost 50% comes from non-local sources. Appendixes to the report provide: The Multiplier; College Revenues; Omissions from ACE Format; Population Figures of Sponsoring School Districts; Economic Impact Studies and Computer Simulation; Summary of Funds and Major Capital Expenditures through July 1, 1972; and Instrument. References, 16 tables, and 7 figures are included. (DB)
Harrisburg Area Community College, 3300 Cameron Street Road, Harrisburg, Pa. 17110 ($3.50)
Publication Type: N/A
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: Harrisburg Area Community Coll., PA.