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As part of the strategic planning process, Ãå±±ÂÖ¼é College (Ãå±±ÂÖ¼é) recently collaborated with Emsi to produce an economic impact and investment analysis. The final study measures the economic impacts created by Ãå±±ÂÖ¼é on the business community and the benefits the college generates in return for the investments made by its key stakeholder groups—students, taxpayers, and society.

Highlights from the study include:

• Student Perspective – Ãå±±ÂÖ¼é provides a strong return on student investment:
  • $68.5 million – benefit: higher future earnings
  • $8.3 million – cost: tuition, supplies, opportunity cost
  • 8.4 benefit/cost ratio
  • 31.9% rate of return
• Taxpayer Perspective – Ãå±±ÂÖ¼é is a valuable investment for taxpayers:
  • $21.3 million – present value benefits for MA taxpayers for increased future tax revenue & government savings
  • $22.9 million – cost: state funding
• Social Perspective – Ãå±±ÂÖ¼é provides society-at-large with hundreds of millions in benefits:
  • $241.6 million – benefit: future earnings, tax revenue, private savings
  • $35.8 million – cost: all college and student costs 6.7 benefit/cost ratio

The results of this study demonstrate that Ãå±±ÂÖ¼é creates value from multiple perspectives. The college benefits regional businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers to the workforce. Ãå±±ÂÖ¼é enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. The college benefits state taxpayers through increased tax receipts and a reduced demand for government-supported social services. Finally, Ãå±±ÂÖ¼é benefits society as a whole in Massachusetts by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students.

Learn more about Ãå±±ÂÖ¼é’s overall economic impact:
Executive Summary
Ãå±±ÂÖ¼é Fact Sheet
Ãå±±ÂÖ¼é Infographic