ERIC Number: ED457921
Record Type: Non-Journal
Publication Date: 2001
Reference Count: N/A
The Economic Impact of a Technical College on Its Local Economy: A Case Study.
Brooks, L. Rayburn; Miller, Michael T.
This paper examines the economic impact of Walker Technical Institute (WTI) in Georgia on its local economy. In 1994, the annual report by Georgia's Department of Technical and Adult Education found a 77% increase from 1985 in the number of students participating in classes. State financial support for the Department of Technical and Adult Education (DTAE) has not kept pace, however. For instance, system appropriation was reduced by $11 million in 1992 while system enrollment grew by 25,000 students. The paper analyzes three categories of economic impact: (1) spending by WTI, its faculty, its staff, and its students on local government; (2) spending by WTI, its faculty, its staff, and its students on local businesses; and (3) spending by WTI, its faculty, its staff, and its students on local individuals. The amount of institute-related revenues received by local government was determined to be $306,769. The direct economic impact on local businesses was determined to be $2,717,705. The study determined that there were three impacts on local individuals: (1) 456 jobs; (2) personal income of $3,287,631 from institute-related jobs and business activities; and (3) $211,066 worth of durable goods procured with income from institute-related jobs and business activities. This study used the Caffrey and Isaacs (1971) economic impact model. (Contains 10 references and 5 tables.) (NB)
Publication Type: Reports - Research
Education Level: N/A
Authoring Institution: San Jose State Univ., CA.
Identifiers - Location: Georgia