A recent study released yesterday by Genesee Community College finds that the college has about a $169.1 million impact on the local economy.
Kjell Christophersen, Ph.D., president and founder of EMSI, discussed the study yesterday at GCC and said regional spending by former students, the college and out-of-the-area students adds positive growth to Genesee County's economy.
“Things are good. Things are very good," Christophersen said. "The impacts have actually grown since the last time we worked here (about 2 ½ years ago) and it's attributable to a more efficient allocation of resources."
Christophersen said that in his experience about 60 to 70 percent of students at community colleges stay in the region.
“If you move up the education ladder from one level to another level," he said, "you earn a lot more, and therefore, pay a lot more in taxes. It behooves the citizens of a particular county to continue to support the college because of the fact that they are getting a more educated workforce coming back to reside in the region and pay more in taxes.”
(via WBTA)
