ERIC Number: ED342286
Record Type: Non-Journal
Publication Date: 1991-Apr
Reference Count: N/A
The Economic Impact of Higher Education on the Kansas City Metropolitan Area 1988-1989. A Report.
Kansas City Regional Council for Higher Education, MO.
A study was formally requested by the Kansas City Regional Council for Higher Education Institutional Research Directors' Group in the spring of 1990, to examine the economic impact of higher education on the Kansas City, Missouri and Kansas, metropolitan area. An economic impact model was used which includes the four major components of direct institutional, employee, student and visitor expenditures in the area, plus a multiplier (2.25) to account for additional business volume generated. Twelve colleges and universities and the University of Kansas Medical Center participated in the study and provided data on a standard survey form with an overall measure for all institutions aggregated from those worksheets. The results indicated that nearly $500 million of the metropolitan area's economy in 1988-1989 was a direct result of spending by higher education institutions, their students, employees, and visitors. When this spending was recycled through the area's economy in several rounds the multiplier effect produced a business volume of more than $1 billion. The institutions also generated over 40,000 full-time jobs, and a return of $3.73 dollars on every tax dollar spent to support higher education. In addition, institutions of higher education lying just outside the immediate metropolitan area and hence not included in this study can be presumed to also contribute to the metropolitan economy. Appendixes include a list of participating institutions, additional technical details and definitions, copies of the study survey and worksheet, and three references. (JB)
Publication Type: Reports - Evaluative; Reports - Research
Education Level: N/A
Authoring Institution: Kansas City Regional Council for Higher Education, MO.
Identifiers - Location: Kansas (Kansas City); Missouri (Kansas City)