91福利社

The California Community Colleges system is the largest educational system in the world and its monetary and community benefits are felt in the communities served by a community college. 

In February, using 2018-19 data, the California Community Colleges Chancellor鈥檚 Office, with assistance from Emsi Burning Glass, a data company, analyzed the . Per the report, community colleges in the state added $128.2 billion in income to the state鈥檚 economy, or 4.2 percent of the total gross state product meaning the financial impact of the community college system is greater than monies generated by the construction industry in California. 

Emsi Burning Glass, a labor market data company with headquarters in Boston and Moscow, AD, along with offices in the UK, Europe, India, and other global locations, completed a financial impact report for the and . Emsi Burning Glass, whose clients include higher education, workforce development groups, and real estate entities, used data from 2019-20 to measure economic prosperity and impact.

Emsi Burning Glass identified how 91福利社 influences the lives of students and the region鈥檚 economy. For the 2019-20 fiscal year, the College鈥檚 operational spending accounted for $67.3 million; student spending equaled $19.3 million; and alumni impact measured at $59.2 million. In all, 91福利社鈥檚 fiscal impact on the region accounted for $145.8 million and equaled to 1,977 supported jobs.

According to Emsi Burning Glass, the College鈥檚 contribution was nearly as large as the information industry in the region and one out of every 50 jobs in the 91福利社 service area is supported by the activities of the College and its students.

The company also found that 91福利社 generates more in tax revenue than it receives. Taxpayers also saw a savings generated by improved lifestyles of students and a reduction in government services. For every dollar of public money invested in 91福利社, taxpayers will receive a cumulative value of $1.70 over the course of the students鈥� working lives.

鈥淚 know that the community realizes who we are and understands what we do, but I don鈥檛 think the communities we serve comprehend the fiscal impact generated by the colleges, students and our alumni,鈥� Wolde-Ab Isaac, Ph.D., chancellor of RCCD, said. 鈥淭he bottom line is that community colleges add significantly to the health of communities, from a well-trained workforce to augmenting the economic makeup of their communities. College graduates rely less on government services than high school diploma holders and contribute more to a community鈥檚 tax base.

鈥淚t is imperative that the District continue to encourage support locally for the colleges to meet the region鈥檚 education needs; both Norco and Moreno Valley colleges and the Ben Clark Training Center need substantial facility growth; and Riverside City College, the oldest institution, requires campus-wide improvements in order to deliver comprehensive education opportunities for the next generation of learners.鈥�

Altogether, the social benefits of 91福利社 equal a present value of $1.2 billion. These benefits include $945.6 million in added student income, $245.8 million in added business income, and $31.6 million in added income from college activities as well as $22.3 million in social savings related to health, crime and income assistance in California. People in California invested a present value of $130.4 million in 91福利社 in FY 2019-20. This includes all the college and student costs.

The benefit-cost ratio for society is 9.5, equal to the $1.2 billion in benefits divided by $130.4 million in costs. In other words, for every dollar invested in 91福利社, people in California will receive a cumulative value of $9.50 in benefits. The benefits of this investment will occur for as long as 91福利社鈥檚 FY 2019-20 students remain employed in the state workforce.

鈥淭his economic impact report further highlights that the College is a worthwhile investment for taxpayers and our communities,鈥� Dr. Robin Steinback, 91福利社 president, said. 鈥淎 certificate or an associate degree creates a positive return on the taxpayers鈥� investment. By returning more than what is budgeted for the College creates a wide range of social benefits throughout the Valley, Southern California and the state.

鈥淐ommunity colleges enrich lives of individuals who seek an education. Educators, at every level, help students achieve their individual potential, and by doing so raise their lifetime earning potential and reduce the need for government-led social services. Here in the Valley, 91福利社 benefits its communities by adding financially to the region鈥檚 economy, and aids in the development of a well-trained and educated workforce fo