Report Shows CCC's Major Impact on Region's Economy

Apr 10, 2001, 01:00 ET from Cuyahoga Community College

    CLEVELAND, April 10 /PRNewswire/ -- Cuyahoga Community College has an
 estimated economic impact of between $368 million and $460 million in Cuyahoga
 County, according to a study released today by the College.  That translates
 into a return on investment for Cuyahoga County taxpayers ranging from $8.23
 to $10.29 for every dollar in tax revenue.
     The economic impact report is based on employee payroll and benefits;
 College spending on goods and services; student education-related spending;
 and pensions and refunds. The report covers fiscal year 1999.
     "Since Cuyahoga Community College is a tax-supported institution, we
 commissioned the study to inform residents about their return on investment,"
 said Dr. Jerry Sue Thornton, CCC president.  "From the numbers, it's obvious
 that CCC has a critical economic impact on this community.  Yet, the College's
 influence goes far beyond economics.
     "More than 500,000 CCC alumni invigorate our community with skills and
 abilities which translate into productive work, both for themselves, their
 families and the community," Dr. Thornton said.  "They pay taxes, engage in
 economic activity, and invest themselves in our communities.  Eighty-five
 percent of CCC's graduates remain in Cuyahoga County."
     The CCC economic impact report was prepared with Richard A. Marountas,
 research director of the Citizens League Research Institute. The study is
 based on a standard and widely used model of economic impact developed by John
 Caffrey and Herbert Isaacs for the American Council of Education in 1971.
 This model is used by most two and four-year institutions.
     Additional facts on CCC's economic impact study:
 
     * CCC's economic impact is responsible for creating an additional
       15,000 to 34,668 jobs in Cuyahoga County -- in addition to the
       3,200 employees at the College
     * The College generated nearly $74 million in additional investment in
       federal, state and local grants, as well as private gifts and state
       subsidies
     * 1994 economic impact of CCC was $265 million to $331.5 million, compared
       to 1999 economic impact of $368 million to $460 million
     * Recent studies show that Ohio community college graduates earn an
       average salary of $31,900.
 
     For a copy of the economic impact report, contact the Cuyahoga Community
 College Public Affairs office at 216-987-4810, or write to: Public Affairs,
 Cuyahoga Community College, 700 Carnegie Ave., Cleveland, Ohio 44115.
     Opened in 1963, Cuyahoga Community College was Ohio's first community
 college, and is now the state's largest, serving 55,000 students each year at
 three campuses.  More than 500,000 county residents have come through CCC's
 doors.
     In addition, more than 400,000 Northeast Ohio residents attend college-
 sponsored cultural, community and sports programs each year.  The college is
 home to Tri-C JazzFest, the nation's premier educational jazz festival, and
 also hosts popular cultural arts programs at Playhouse Square and at our three
 campus theaters.
     The College offers the Associate's degree, certificate programs and the
 first two years of the baccalaureate degree.  The curriculum includes nearly
 900 credit courses in 70 career and technical programs and liberal arts at its
 three campuses, and more than 50 off-campus sites and through television and
 the Internet.
 
 

SOURCE Cuyahoga Community College
    CLEVELAND, April 10 /PRNewswire/ -- Cuyahoga Community College has an
 estimated economic impact of between $368 million and $460 million in Cuyahoga
 County, according to a study released today by the College.  That translates
 into a return on investment for Cuyahoga County taxpayers ranging from $8.23
 to $10.29 for every dollar in tax revenue.
     The economic impact report is based on employee payroll and benefits;
 College spending on goods and services; student education-related spending;
 and pensions and refunds. The report covers fiscal year 1999.
     "Since Cuyahoga Community College is a tax-supported institution, we
 commissioned the study to inform residents about their return on investment,"
 said Dr. Jerry Sue Thornton, CCC president.  "From the numbers, it's obvious
 that CCC has a critical economic impact on this community.  Yet, the College's
 influence goes far beyond economics.
     "More than 500,000 CCC alumni invigorate our community with skills and
 abilities which translate into productive work, both for themselves, their
 families and the community," Dr. Thornton said.  "They pay taxes, engage in
 economic activity, and invest themselves in our communities.  Eighty-five
 percent of CCC's graduates remain in Cuyahoga County."
     The CCC economic impact report was prepared with Richard A. Marountas,
 research director of the Citizens League Research Institute. The study is
 based on a standard and widely used model of economic impact developed by John
 Caffrey and Herbert Isaacs for the American Council of Education in 1971.
 This model is used by most two and four-year institutions.
     Additional facts on CCC's economic impact study:
 
     * CCC's economic impact is responsible for creating an additional
       15,000 to 34,668 jobs in Cuyahoga County -- in addition to the
       3,200 employees at the College
     * The College generated nearly $74 million in additional investment in
       federal, state and local grants, as well as private gifts and state
       subsidies
     * 1994 economic impact of CCC was $265 million to $331.5 million, compared
       to 1999 economic impact of $368 million to $460 million
     * Recent studies show that Ohio community college graduates earn an
       average salary of $31,900.
 
     For a copy of the economic impact report, contact the Cuyahoga Community
 College Public Affairs office at 216-987-4810, or write to: Public Affairs,
 Cuyahoga Community College, 700 Carnegie Ave., Cleveland, Ohio 44115.
     Opened in 1963, Cuyahoga Community College was Ohio's first community
 college, and is now the state's largest, serving 55,000 students each year at
 three campuses.  More than 500,000 county residents have come through CCC's
 doors.
     In addition, more than 400,000 Northeast Ohio residents attend college-
 sponsored cultural, community and sports programs each year.  The college is
 home to Tri-C JazzFest, the nation's premier educational jazz festival, and
 also hosts popular cultural arts programs at Playhouse Square and at our three
 campus theaters.
     The College offers the Associate's degree, certificate programs and the
 first two years of the baccalaureate degree.  The curriculum includes nearly
 900 credit courses in 70 career and technical programs and liberal arts at its
 three campuses, and more than 50 off-campus sites and through television and
 the Internet.
 
 SOURCE  Cuyahoga Community College