ERIC Number: ED456880
Record Type: Non-Journal
Publication Date: 2001-Aug
Reference Count: N/A
Casper College Economic Impact Analysis, 1999-2000.
Gillum, F. E.
This study conservatively estimated the tangible economic impact that Casper College (Wyoming) had on Natrona County and the state. These data are presented in Part 1 of the report. Findings include: (1) the direct impact of the college on Natrona's economy was estimated to be over $41 million; (2) for every dollar spent by county taxpayers in support of the college, $32 is returned to the county's economy; and (3) more than 89 million dollars was pumped into the economy of the State of Wyoming by the expenditures of the college, its employees, and its students. Part 2 of this report examines the impact that completing a program of study at the college had on the earning power of its students. Based on a study of 1,003 Casper program completers from 1996-98, findings include: (1) program completers earned an average of $40,913 during the eight quarters after they finished studies at the college, while members of the control group averaged earnings of $33,243 for the same period of time; and (2) assuming that the average completer would work for at least 30 years and their pay differential ($7,670) would never grow beyond the increase over the first eight quarters, the average individual would have earned an additional $214,760 throughout his or her work life. (EMH)
Descriptors: Community Benefits, Community Colleges, Economic Climate, Economic Factors, Economic Impact, Economic Progress, Economic Research, Education Work Relationship, Educational Benefits, Educational Objectives, Employment Patterns, Employment Statistics, Expenditures, Relevance (Education), Two Year Colleges
Publication Type: Reports - Evaluative
Education Level: N/A
Authoring Institution: N/A
Identifiers - Location: Wyoming