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PITTSBURGH—The Community College of Allegheny County (CCAC) generates an economic impact of $6.67 in Allegheny County for each dollar in county funding the college receives, according to a new study.
“Allegheny County’s support of CCAC is a wise investment, not only in terms of bettering residents’ lives but also in bolstering the local economy now and for years to come,” said Alex Johnson, CCAC president.
The study was prepared by CCAC’s Planning and Institutional Research department following government and education standards. It found that CCAC’s direct and indirect expenditures had an impact of $156 million during the 2010–2011 fiscal year, supporting 6,300 jobs in the county. That impact equates to $6.67 for every dollar of Allegheny County funding to CCAC in that year. Allegheny County allocated CCAC $23.3 million in 2010–2011.
By another metric, CCAC attracted $3.47 from the state and federal governments for each dollar of Allegheny County support. CCAC brought more than $81 million in state and federal funding to the county in 2010–2011.
Each year, CCAC educates nearly 62,000 individuals. The college provides access to education for many who could not otherwise afford it. In a graduate survey, 43% of CCAC graduates said they could not have continued their education without CCAC.
Those graduates also gain earning power. According to the US Census Bureau, an individual with an associate’s degree earns, on average, $10,139, or 26 percent, more than someone with just a high school diploma.
Each year, the estimated increased earning potential of those educated by CCAC in 2010–2011 totals $57 million. Over their lifetimes, CCAC graduates will earn an estimated $1.1 billion more in Allegheny County than if they had not attended college.
“This study describes one more way that Allegheny County is benefitting from its support of CCAC,” said William R. Robinson, Allegheny County Council member and chair of the CCAC Board of Trustees. “As the college continues to grow into one of our nation’s great community colleges, the benefits to the economy and people of our county will only be multiplied.”
About the Community College of Allegheny County (CCAC)
CCAC annually educates 33,000 credit students through 170 degree, certificate and transfer programs and offers non-credit and workforce development courses to 30,000 students. The learning-centered institution’s mission is to provide affordable access to quality education and offer a dynamic, diverse and supportive learning environment that prepares the region’s residents for academic, professional and personal success in our changing global society. CCAC’s quality programs enable students to transfer credits to 520 colleges and universities and support regional workforce needs with accessible instruction available day, evening, weekend and online in Allegheny County and beyond. Visit www.ccac.edu to learn more.