The purpose of this report was to inform the community of the effect of Chemeketa Community College on the local economy. Considered in this analysis of the college's economic relationship to its district were employee salaries, local capital and service expenditures of the college, and local expenditures by staff and students for housing rental and other personal expenses. Results of analysis of this expenditure information revealed that the college had a direct estimated economic impact during 1973-74 of $14,024,596. Since expenditures by one party become disposable income for another party, a multiplier effect occurs. Using an expenditure multiplier of 1.9, a conservative figure as indicated in the economic literature, the total direct estimated economic impact of the college on the local economy during 1973-74 was $26,646,732. An explanation of the multiplier effect and a short bibliography are appended. (JDS)