ERIC Number: ED257486
Record Type: Non-Journal
Publication Date: 1982-Feb
The Economic Impact of Community College of Philadelpia on the Philadelphia Area. Report #18.
Philadelphia Community Coll., PA. Office of Institutional Research.
This report presents results of a study of the economic impact of the Community College of Philadelphia (CCP) on the Philadelphia area. After introductory material highlights the origin of the study in a survey of the collective impact of all two- and four-year colleges and universities on the economy of the state, the paper discusses the role and methodology of economic impact studies. The following sections discuss the study methodology and the impact of CCP as an employer, as a consumer, and as an investor, borrower, and property owner. Study highlights indicate: (1) CCP employed 637 individuals (0.1% of total Philadelphia employment) and an estimated 2,931 jobs were directly or indirectly related to CCP; (2) total CCP direct expenditures for local goods and services in 1980 were $5.9 million and a total direct expenditure of $34.7 million was attributable to the college; (3) estimated total CCP-related local expenditures for goods and services was $61.8 million; (4) CCP and its employees and students together maintained an average monthly balance of $3.8 million in bank deposits in Philadelphia and the city's credit base was increased annually by about $5.4 million as a direct consequence of college-related deposits; and (5) the book value of real property owned by CCP was $16.5 million. Appendices include a summary of report conclusions from a local newspaper, and information used to calculate local multipliers. (HB)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Philadelphia Community Coll., PA. Office of Institutional Research.