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ERIC Number: ED111467
Record Type: Non-Journal
Publication Date: 1975-Jul
Pages: 13
Abstractor: N/A
Reference Count: N/A
The Whys and Hows of Econimic Impact Studies and a Look at Two Recent Examples.
Owings, Thomas G.
The total economic impact of a college on its community includes the benefits the community receives and the costs it incurs. The benefits can be classified into the tangible dollar expenditures of people associated with the college and the intangible benefits of human resources development. Costs often include alteration of neighborhoods and added municipal services. The Institute of Higher Education Research and Services at the University of Alabama recently completed two economic impact studies of two very different colleges in Alabama. One study, completed in May 1974, reported the impact of a private, predominately black, four-year accredited liberal arts college on the economy of an urban area. The other study, completed in August 1974, reported the economic impact of a public, predominately white, two-year accredited junior college on a rural area (see ED 099 069). This report summarizes and points out some unique aspects of the two studies. In addition, reasons for conducting an economic impact survey, and the procedure for undertaking such a task are briefly discussed. Summary background data about the two institutions are discussed. Data collected for the studies are summarized in 11 areas of impact and are presented in chart form. (Author/NHM)
Publication Type: Speeches/Meeting Papers
Education Level: N/A
Audience: N/A
Language: N/A
Sponsor: N/A
Authoring Institution: N/A