For 50 years, CCD has been creating a significant positive impact on the business community and generated a return on investment to its major stakeholder groups—students, taxpayers and society.
A recent study “Analysis of the Economic Impact and Return on Investment of Education: The Economic Value of Community College of Denver” touts CCD’s impressive impact.
The results of this study demonstrate that CCD creates value from multiple perspectives. The college benefits local businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers into the workforce. It enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. It benefits state taxpayers through increased tax receipts across the state and a reduced demand for government-supported social services. Finally, it benefits society as a whole in Colorado by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students.
The third-party analysis was conducted by Examination Management Services, Inc (EMSI) and published in May 2017.
Over their working lives, CCD’s FY 2015-16 student population will increase Colorado’s economic base by 2.3 billion.
For Every $1 Spent …
|$4.90 Gained in Lifetime Earnings for Students|
|$10.60 Gained in Added Taxes & Public Sector Savings for Taxpayers|
|$19.30 Gained in Added Stated Revenue & Social Savings for Society|
Top Industries Impacted by CCD
|Industry||Total Income (Millions)||Jobs|
|Health Care & Social Assistance||$36.2||828|
|Accommodation & Food Services||$34.7||760|
|Professional & Technical Services||$21.8||311|
|Management of Companies & Enterprises||$14.1||100|
|All Other Industries||$114.8||2,153|