ERIC Number: ED363372
Record Type: Non-Journal
Publication Date: 1993-Mar
Reference Count: N/A
The Economic Impact of Dutchess Community College.
Dutchess Community Coll., Poughkeepsie, NY. Office of Planning and Institutional Research.
In an effort to measure the economic impact of Dutchess Community College (DCC), in Poughkeepsie, New York, on Dutchess County, a study was undertaken of expenditures and jobs created in the county during fiscal year 1991-92. To measure the tangible economic impact, three major financial components were examined: direct expenditures by the college for the purchase of goods and services from local businesses, which totaled $6,549,875; direct expenditures of employees of DCC, which totaled $7,074,810; and direct expenditures of DCC students, which totaled $23,385,810. Through the application of a mathematical multiplier, used to estimate the secondary circulation of these direct expenditures, the total tangible economic impact of DCC on the county was calculated to be $92,526,212. In addition, DCC employed 415 full-time workers and an additional 326 full-time equivalent workers in the form of part-time employees and contractual services. Combined with the employment created by direct expenditures and the indirect business volume generated by those expenditures, a total of 3,331 full-time jobs in Dutchess County were estimated to have been affected by DCC spending in 1991-92. Finally, for every tax dollar spent in support of DCC, $13.10 was circulated in the local economy. Data tables, a description of the multiplier, and a breakdown of DCC's direct expenditures are included. A summarizing brochure is attached. (PAA)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: Dutchess Community Coll., Poughkeepsie, NY. Office of Planning and Institutional Research.
Identifiers - Location: New York