MCC Program Based Economic Impact Analysis: Feb 2018

SUNY MONROE COMMUNITY COLLEGE Program Based Economic Impact Analysis

FEB 2018

Contents

3 EXECUTIVE SUMMARY

9 1. INTRODUCTION

12 2. ECONOMIC IMPACT ANALYSIS

12 Accounting 13 Applied Integrated Technology/Mechatronics 14 Automotive Technologies 15 Clinical & Medical Laboratory Technology 16 Computer Information Systems 17 Computer Science 18 Computer Systems Technology 19 Construction Technology 20 Dental Assisting 21 Dental Hygiene 22 Electrical Engineering Technologies 23 Entry Level Health Care Support (Hypothetical)

24 Heating Ventilation & Air Conditioning, including Solar Thermal Technologies 25 Hospitality: Hotel Management, Travel & Tourism, Event Planning, Golf Management 26 Information & Network Technology 27 Licensed Practical & Vocational Nurses (Hypothetical) 28 Mechanical Engineering Technologies 29 Optical Systems Technology

30 Radiologic Technology 31 Registered Nursing 32 Surgical Technology 33 Precision Tooling & Machining 34 Welding Fabrication

35 RESOURCES AND REFERENCES

38 APPENDIX 1: CIP TO SOC MAPPING

42 APPENDIX 2: METHODOLOGY

51 APPENDIX 3: EMSI MR-SAM

2

Executive Summary

This report assesses the impact of 22 of Monroe Community College’s (MCC) academic programs and one MCC non-credit certificate program on the county economy and the benefits generated by each program for its students. These programs were selected by MCC based on employer’s expressed demand for trained workers in these fields. Follow- ing are some of the key findings of this analysis.

the average job growth is expected to be +3.8% . Since there are no institutional completers in the county, annually, there is a gap of 394 job openings. MCC’s Applied Integrated Technology/Mechatronics program students generated an estimated $32.4 thousand in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $2,160 per student. The undiscounted lifetime earnings increase per student is $699.6 thousand . For every dollar a student invests in their education in MCC’s Applied Integrated Technology/Mechatronics program, they will receive $13.20 back over the course of their working lives. The corresponding internal rate of return is 35.3% for students in the Applied Integrated Technol- ogy/Mechatronics program. AUTOMOTIVE TECHNOLOGIES In FY 2015-16, MCC enrolled 196 students in its Auto- motive Technologies programs. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 424, and the average job growth is expected to be +9.7% . Annually, there are 395 more job openings than institutional completers in the county for Automotive Technologies programs. MCC’s Automotive Technologies programs alumni generated an estimated $15.1 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $2,616 per student. The undiscounted lifetime earnings increase per student is $1 million . For every dollar a student invests in their education in MCC’s

ACCOUNTING In FY 2015-16, MCC enrolled 119 students in its Accounting program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 3,894, and the average job growth is expected to be +4.5% . Annually, there are 3,874 more job openings than institutional completers in the county for the Accounting program. MCC’s Accounting program alumni generated an estimated $22.5 million in added income to the Monroe County economy in FY 2015- 16. This is an annual economic impact of $2,630 per student. 1 The undiscounted lifetime earnings increase per student is $769.6 thousand . For every dollar a student invests in their education in MCC’s Accounting program, they will receive $6.70 back over the course of their working lives. The corresponding internal rate of return is 21.9% for students in the Accounting program. APPLIED INTEGRATED TECHNOLOGY/ MECHATRONICS In FY 2015-16, MCC enrolled four students in its Applied Integrated Technology/Mechatronics program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 394, and 1 Due to data limitations, a duplicated student headcount was used to calculated the economic impact per student. In other words, a student was counted multiple times if he or she was enrolled at MCC for more than one year. This results in a very conservative economic impact per student calculation. This holds true for all programs.

3

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

Automotive Technologies programs, they will receive $7.20 back over the course of their working lives. The corresponding internal rate of return is 17.7% for stu- dents in Automotive Technologies programs. CLINICAL & MEDICAL LABORATORY TECHNOLOGY In FY 2015-16, MCC enrolled 36 students in its Clinical & Medical Laboratory Technology program. The aver- age number of annual job openings in these occupations from 2016-2026 is expected to be 143, and the average job growth is expected to be +4.2% . Annually, there are 126 more job openings than institutional completers in the county for the Clinical & Medical Laboratory Tech- nology program. MCC’s Clinical & Medical Laboratory Technology program alumni generated an estimated $74.2 thousand in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $505 per student. The undiscounted lifetime earnings increase per student is $277.2 thousand . For every dollar a student invests in their education in MCC’s Clinical & Medical Laboratory Technology program, they will receive $3.50 back over the course of their working lives. The corresponding internal rate of return is 16.6% for students in the Clinical & Medical Laboratory Technology program. COMPUTER INFORMATION SYSTEMS In FY 2015-16, MCC enrolled 39 students in its Com- puter Information Systems program. The average num- ber of annual job openings in these occupations from 2016-2026 is expected to be 142, and the average job growth is expected to be +8.8% . Annually, there are 127 more job openings than institutional completers in the county for the Computer Information Systems program. MCC’s Computer Information Systems program alumni generated an estimated $13.9 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $2,368 per student. The undiscounted lifetime earnings increase per student is $737.2 thousand . For every dollar a student invests in their education in MCC’s Computer Information Systems program, they will receive $6.40 back over the course of their working lives. The corresponding internal rate of return is 20.4% for students in the Computer Information Systems program.

COMPUTER SCIENCE In FY 2015-16, MCC enrolled 166 students in its Computer Science program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 192, and the average job growth is expected to be +6.3% . Annually, there are 172 more institutional completers than job openings in the county for the Computer Science program. MCC’s Computer Science program alumni generated an estimated $12.9 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $2,826 per student. The undiscounted lifetime earnings increase per student is $985.6 thousand . For every dollar a student invests in their education in MCC’s Computer Science program, they will receive $7.60 back over the course of their working lives. The correspond- ing internal rate of return is 19.7% for students in the Computer Science program. COMPUTER SYSTEMS TECHNOLOGY In FY 2015-16, MCC enrolled 61 students in its Com- puter Systems Technology program. The average num- ber of annual job openings in these occupations from 2016-2026 is expected to be 175, and the average job growth is expected to be +6.3% . Annually, there are 152 more job openings than institutional completers in the county for the Computer Systems Technology program. MCC’s Computer Systems Technology program alumni generated an estimated $7.3 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $2,450 per student. The undiscounted lifetime earnings increase per student is $900.6 thousand . For every dollar a student invests in their education in MCC’s Computer Systems Tech- nology program, they will receive $6.60 back over the course of their working lives. The corresponding inter- nal rate of return is 21.1% for students in the Computer Systems Technology program. CONSTRUCTION TECHNOLOGY In FY 2015-16, MCC enrolled 94 students in its Con- struction Technology program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 354, and the average job growth is expected to be +10.5% . Annually, there are 339

4

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

more institutional completers than job openings in the county for the Construction Technology program. MCC’s Construction Technology program alumni gen- erated an estimated $3 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $1,702 per student. The undiscounted lifetime earnings increase per student is $974.4 thousand . For every dollar a student invests in their education in MCC’s Construction Technology program, they will receive $6.50 back over the course of their working lives. The corresponding internal rate of return is 18.1% for students in the Construction Technology program. DENTAL ASSISTING In FY 2015-16, MCC enrolled 74 students in its Den- tal Assisting program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 81, and the average job growth is expected to be +6.4% . Annually, there are 10 more job openings than institutional completers in the county for the Dental Assisting program. MCC’s Dental Assisting program alumni generated an estimated $1.1 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $430 per student. The undiscounted lifetime earnings increase per student is $262.8 thousand . For every dollar a student invests in their education in MCC’s Dental Assisting program, they will receive $7.70 back over the course of their working lives. The corresponding internal rate of return is 28.5% for students in the Dental Assisting program. DENTAL HYGIENE In FY 2015-16, MCC enrolled 72 students in its Den- tal Hygiene program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 31, and the average job growth is expected to be +5.2% . Since there are no completers in the county, annually, there are 31 job openings. MCC’s Dental Hygiene program alumni generated an estimated $6.3 million in added income to the Monroe County economy in FY 2015-16. This is an annual eco- nomic impact of $2,576 per student. The undiscounted lifetime earnings increase per student is $1.1 million . For every dollar a student invests in their education in

MCC’s Dental Hygiene program, they will receive $8.30 back over the course of their working lives. The corre- sponding internal rate of return is 27.4% for students in the Dental Hygiene program.

ELECTRICAL ENGINEERING TECHNOLOGIES

In FY 2015-16, MCC enrolled 95 students in its Elec- trical Engineering Technologies program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 129, and the average job growth is expected to be +2.9% . Annually, there are 105 more job openings than institutional completers in the county for the Electrical Engineering Technologies program. MCC’s Electrical Engineering Technologies program alumni generated an estimated $47.4 mil- lion in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $7,277 per student. The undiscounted lifetime earn- ings increase per student is $1.6 million . For every dollar a student invests in their education in MCC’s Electrical Engineering Technologies program, they will receive $9.70 back over the course of their working lives. The corresponding internal rate of return is 24.4% for students in the Electrical Engineering Technologies program. As part of this program based economic impact analysis, Emsi measured the impact graduates from a hypotheti- cal certificate program, Entry Level Health Care Sup- port, would create for the county economy if in fact the program had been offered by MCC. The average num- ber of annual job openings in these occupations from 2016-2026 is expected to be 2,064, and the average job growth is expected to be +18.8% . Annually, there are 1,301 more job openings than institutional completers in the county for the Entry Level Health Care Support program. If MCC’s Entry Level Health Care Support program had been in existence for the past 10 years, enrolling approximately 600 students, then its alumni would have generated an estimated $451.5 thousand in added income to the Monroe County economy in FY 2015-16. This represents an annual economic impact of $752.5 per student. The undiscounted lifetime earn- ENTRY LEVEL HEALTH CARE SUPPORT (HYPOTHETICAL)

5

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

ings increase per student is $14.4 thousand . If offered, for every dollar a student invests in their education in MCC’s Entry Level Health Care Support program, they will receive $1.60 back over the course of their working lives. The corresponding internal rate of return is 7.9% for students in the Entry Level Health Care Support program. HEATING VENTILATION & AIR CONDITIONING, INCLUDING SOLAR THERMAL TECHNOLOGIES In FY 2015-16, MCC enrolled 165 students in its Heat- ing Ventilation & Air Conditioning, including the Solar Thermal Technologies program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 438, and the average job growth is expected to be +7.1% . Annually, there are 397 more job openings than institutional completers in the county for the Heating Ventilation & Air Conditioning, including Solar Thermal Technologies program. MCC’s Heat- ing Ventilation & Air Conditioning, including Solar Thermal Technologies program alumni generated an estimated $18.4 million in added income to the Monroe County economy in FY 2015-16. This is an annual eco- nomic impact of $4,789 per student. The undiscounted lifetime earnings increase per student is $1.3 million . For every dollar a student invests in their education in MCC’s Heating Ventilation & Air Conditioning, including Solar Thermal Technologies program, they will receive $12.50 back over the course of their work- ing lives. The corresponding internal rate of return is 28.8% for students in the Heating Ventilation & Air Conditioning, including Solar Thermal Technologies program. HOSPITALITY: HOTEL MANAGEMENT, TRAVEL & TOURISM, EVENT PLANNING, GOLF MANAGEMENT In FY 2015-16, MCC enrolled 343 students in its Hos- pitality: Hotel Management, Travel & Tourism, Event Planning, Golf Management (Hospitality) program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 545, and the average job growth is expected to be +4.6% . Annu- ally, there are 272 more job openings than institutional completers in the county for the Hospitality program. MCC’s Hospitality program alumni generated an esti-

mated $36.7 thousand in added income to the Monroe County economy in FY 2015-16. This is an annual eco- nomic impact of $4 per student. The undiscounted life- time earnings increase per student is $37.8 thousand . For every dollar a student invests in their education in MCC’s Hospitality program, they will receive $1.60 back over the course of their working lives. The cor- responding internal rate of return is 7.0% for students in the Hospitality program. In FY 2015-16, MCC enrolled 120 students in its Infor- mation and Network Technology program. The average number of annual job openings in these occupations from 2016-2026 is expected to be 153, and the average job growth is expected to be +11.3% . Annually, there are 112 more job openings than institutional completers in the county for the Information and Network Technology program. MCC’s Information and Network Technology program alumni generated an estimated $1.6 mil- lion in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $1,206 per student. The undiscounted lifetime earnings increase per student is $974.4 thousand . For every dollar a student invests in their education in MCC’s Information and Network Technology program, they will receive $8.10 back over the course of their work- ing lives. The corresponding internal rate of return is 21.6% for students in the Information and Network Technology program. As part of this program based economic impact analysis, Emsi measured the impact graduates from a hypotheti- cal certificate program, Licensed Practical & Vocational Nurses, would create for the county economy if in fact the program had been offered by MCC. The average number of annual job openings in these occupations from 2016-2026 is expected to be 166, and the average job growth is expected to be +11.4% . Annually, there are 112 more job openings than institutional completers in the county for the Licensed Practical and Licensed Vocational Nurses program. If MCC’s Licensed Practical and Licensed Vocational Nurses program had been in existence for the past 10 years, enrolling approximately INFORMATION & NETWORK TECHNOLOGY LICENSED PRACTICAL & VOCATIONAL NURSES (HYPOTHETICAL)

6

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

360 students, then its alumni would have generated an estimated $1.8 million in added income to the Monroe County economy in FY 2015-16. This represents an annual economic impact of $5,127 per student. The undiscounted lifetime earnings increase per student is $320.4 thousand . If offered, for every dollar a student invests in their education in MCC’s Licensed Practical and Licensed Vocational Nurses program, they will receive $10.40 back over the course of their working lives. The corresponding internal rate of return is 49.4% for students in the Licensed Practical and Licensed Vocational Nurses program. In FY 2015-16, MCC enrolled 109 students in its Mechanical Engineering Technologies program. The average number of annual job openings in these occu- pations from 2016-2026 is expected to be 324, and the average job growth is expected to be 0.1% . Annually, there are 308 more job openings than institutional com- pleters in the county for the Mechanical Engineering Technologies program. MCC’s Mechanical Engineering Technologies program alumni generated an estimated $15.4 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $3,131 per student. The undiscounted lifetime earnings increase per student is $977.3 thousand . For every dollar a student invests in their education in MCC’s Mechanical Engineering Technologies program, they will receive $7.80 back over the course of their working lives. The corresponding internal rate of return is 20.8% for students in the Mechanical Engineering Technologies program. OPTICAL SYSTEMS TECHNOLOGY In FY 2015-16, MCC enrolled 60 students in its Optical Systems Technology program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 154, and the average job growth is expected to be -1.7% . Annually, there are 150 more job openings than institutional completers in the county for the Optical Systems Technology program. MCC’s Opti- cal Systems Technology program alumni generated an estimated $12 million in added income to the Monroe County economy in FY 2015-16. This is an annual eco- nomic impact of $8,193 per student. The undiscounted MECHANICAL ENGINEERING TECHNOLOGIES

lifetime earnings increase per student is $1.4 million . For every dollar a student invests in their education in MCC’s Optical Systems Technology program, they will receive $9.40 back over the course of their working lives. The corresponding internal rate of return is 25.5% for students in the Optical Systems Technology program. RADIOLOGIC TECHNOLOGY In FY 2015-16, MCC enrolled 59 students in its Radio- logic Technology program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 44, and the average job growth is expected to be +15.0% . Annually, there are 18 more job openings than institutional completers in the county for the Radiologic Technology program. MCC’s Radiologic Technology program alumni generated an estimated $5.9 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $3,032 per student. The undiscounted lifetime earnings increase per student is $999.4 thousand . For every dollar a student invests in their education in MCC’s Radiologic Technology program, they will receive $6.60 back over the course of their working lives. The corresponding internal rate of return is 24.4% for stu- dents in the Radiologic Technology program. REGISTERED NURSING In FY 2015-16, MCC enrolled 346 students in its Registered Nursing program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 337, and the average job growth is expected to be +21.3% . Annually, there are 213 more job openings than institutional completers in the county for the Registered Nursing program. MCC’s Registered Nursing program alumni generated an estimated $15.2 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $1,237 per student. The undiscounted lifetime earnings increase per student is $478.8 thousand . For every dollar a student invests in their education in MCC’s Registered Nursing program, they will receive $5.80 back over the course of their working lives. The corre- sponding internal rate of return is 22.5% for students in the Registered Nursing program.

7

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

generated an estimated $13.8 million in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $3,794 per student. The undiscounted lifetime earnings increase per stu- dent is $775.3 thousand . For every dollar a student invests in their education in MCC’s Precision Tooling & Machining program, they will receive $8.80 back over the course of their working lives. The correspond- ing internal rate of return is 26.7% for students in the Precision Tooling & Machining program. WELDING FABRICATION In FY 2015-16, MCC enrolled 58 students in its Welding Fabrication, non-credit, certificate program. The aver- age number of annual job openings in these occupations from 2016-2026 is expected to be 79, and the average job growth is expected to be -1.8% . Annually, there are 21 more job openings than institutional completers in the county for the Welding Fabrication program. MCC’s Welding Fabrication program alumni generated an estimated $1.5 million in added income to the Mon- roe County economy in FY 2015-16. This is an annual economic impact of $4,708 per student. The undis- counted lifetime earnings increase per student is $628 thousand . For every dollar a student invests in their education in MCC’s Welding Fabrication program, they will receive $10.50 back over the course of their work- ing lives. The corresponding internal rate of return is 38.5% for students in the Welding Fabrication program.

SURGICAL TECHNOLOGY In FY 2015-16, MCC enrolled 20 students in its Sur- gical Technology program. The average number of annual job openings in these occupations from 2016- 2026 is expected to be 23, and the average job growth is expected to be +21.4% . Since there are no institu- tional completers in the county, annually, there are 23 job openings. MCC’s Surgical Technology program alumni generated an estimated $0.6 thousand in added income to the Monroe County economy in FY 2015-16. This is an annual economic impact of $28 per student. The undiscounted lifetime earnings increase per student is $584.8 thousand . For every dollar a student invests in their education in MCC’s Surgical Technology program, they will receive $6.80 back over the course of their working lives. The corresponding internal rate of return is 19.7% for students in the Surgical Technology program. PRECISION TOOLING & MACHINING In FY 2015-16, MCC enrolled 185 students in its Preci- sion Tooling & Machining program. The average num- ber of annual job openings in these occupations from 2016-2026 is expected to be 524, and the average job growth is expected to be -5.8% . Annually, there are 456 more job openings than institutional completers in the county for the Precision Tooling & Machining program. MCC’s Precision Tooling & Machining program alumni

8

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

1. Introduction

SUNY Monroe Community College (MCC), established in 1961, has today grown to serve 27,000 credit students. The College is led by Dr. Anne Kress, President. The College’s service region, for the purpose of this report, consists of Monroe County in New York.

While MCC offers a variety of programs, this study is concerned with considering the economic impacts derived from the former students of 20 of its programs, along with the potential economic impacts of two hypo- thetical programs and one non-credit certificate pro- gram. These programs include: • Accounting • Applied Integrated Technology/Mechatronics • Automotive Technologies • Clinical & Medical Laboratory Technology • Computer Information Systems • Computer Science • Computer Systems Technology • Construction Technology • Electrical Engineering Technologies • Entry Level Health Care (Hypothetical) • Heating Ventilation & Air Conditioning, including Solar Thermal Technologies • Hospitality: Hotel Management, Travel & Tourism, Event Planning, Golf Management • Dental Assisting • Dental Hygiene

• Information & Network Technology • Licensed Practical & Vocational Nurses (Hypo- thetical) • Mechanical Engineering Technologies • Optical System Technology • Radiologic Technology

• Registered Nursing • Surgical Technology • Precision Tooling & Machining • Welding Fabrication

The first component of this study analyzes the career pathways for each program. Each program maps to a number of occupations which we use to measure the number of annual openings available to completers of each program. We also account for the completers of each program across other institutions in Monroe County to determine if there will be a gap or a surplus of workers in those occupations. Finally, the median hourly wage and top companies hiring in Monroe County are mentioned. The second component of the study measures the eco- nomic impact from the alumni of each program. While

IMPORTANT NOTE When reviewing the alumni impact estimated in this study, it’s important to note that it reports the impact in the form of added income rather than sales. Sales includes all of the intermediary costs associated with producing goods and services. Income, on the other hand, is a net measure that excludes these intermediary costs and is synonymous with gross regional product (GRP) and value added. For this reason, it is a more meaningful measure of new economic activity than sales.

9

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

the programs each affect the county in a variety of ways, many of them difficult to quantify, this study is concerned with considering the economic benefits of their alumni. The programs are designed to help students achieve their individual potential and develop the knowledge, skills, and abilities they need to have fulfilling and prosperous careers. However, the value of MCC consists of more than simply influencing the lives of students. The College’s program offerings supply employers with workers to make their businesses more productive. To derive results, we rely on a specialized Multi-Regional Social Accounting Matrix (MR-SAM) model to calculate the added income created in the

Monroe County economy as a result of increased con- sumer spending and the added knowledge, skills, and abilities of students. The third component of the study measures the benefits generated by students of the programs. We perform an investment analysis to determine how the money spent by the program’s students on their education performs as an investment over time. The students’ investment in this case consists of their out-of-pocket expenses and the opportunity cost of attending the College as opposed to working. In return for these investments, students receive a lifetime of higher earnings.

TABLE 1.1: Labor and non-labor income by major industry sector in Monroe County, 2016*

Labor income (millions)

Non-labor income (millions)

Total income (millions)†

% of total income

Sales (millions)

Industry sector

Agriculture, Forestry, Fishing, & Hunting

$31 $14

$6

$37 $41

<0.1% <0.1%

$116

Mining Utilities

$27

$61

$120

$346 $454

$466

1.0% 3.3%

$642

Construction Manufacturing Wholesale Trade

$1,068 $3,422 $1,333 $1,460

$1,522 $6,533 $2,843 $2,298 $2,243 $3,891 $1,579 $2,954 $1,345 $1,478 $2,273 $4,134 $512

$2,835

$3,112 $1,509

14.4% $14,782

6.3% 5.1% 1.1% 4.9% 8.6% 3.5% 6.5% 3.0% 3.2% 5.0% 9.1% 0.7% 2.0%

$4,046 $3,726 $1,015 $4,334 $6,881 $3,526 $4,452 $2,357 $2,332 $3,692 $7,442

Retail Trade

$838 $137

Transportation & Warehousing

$375 $751

Information

$1,492 $1,777

Finance & Insurance

$2,113

Real Estate & Rental & Leasing Professional & Technical Services

$738

$840 $474 $204 $296 $243 $319

$2,481 $1,141 $1,182 $2,031 $3,814

Management of Companies & Enterprises

Administrative & Waste Services Educational Services, Private Health Care & Social Assistance Arts, Entertainment, & Recreation Accommodation & Food Services

$232 $606 $646

$87

$319 $901

$567

$295

$1,810 $7,447

Other Services (except Public Administration)

$4,905

$5,551 $2,175 $2,387

12.2%

Government, Non-Education

$1,861 $2,264

$314 $123

4.8% $10,671

Government, Education

5.2%

$2,672

Total

$27,684

$17,797

$45,480

100.0% $85,406

* Data reflect the most recent year for which data are available. Emsi data are updated quarterly. † Numbers may not add due to rounding. Source: Emsi.

10

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

TABLE 1.2: Jobs by major industry sector in Monroe County, 2016*

The study uses a wide array of data that are based on several sources, including the FY 2015-16 academic and financial reports from MCC; industry and employment data from the Bureau of Labor Statistics and Census Bureau; outputs of Emsi’s impact model and MR-SAM model; and a variety of published materials relating education to social behavior. THE MONROE COUNTY ECONOMY MCC serves Monroe County in New York. Since the Col- lege was first established, it has been serving Monroe County by enhancing the workforce, providing local residents with access to higher education opportunities, and preparing students for highly-skilled, technical professions. Table 1.1, on the previous page, summa- rizes the breakdown of the county economy by major industrial sector, with details on labor and non-labor income. Labor income refers to wages, salaries, and proprietors’ income. Non-labor income refers to profits, rents, and other forms of investment income. Together, labor and non-labor income comprise the county’s total income, which can also be considered as the county’s gross regional product (GRP). As shown in Table 1.1, the total income, or GRP, of Monroe County is approximately $45.5 billion, equal to the sum of labor income ($27.7 billion) and non-labor income ($17.8 billion). In section 2: Economic Impact Analysis, we use the total added income as the mea- sure of the relative impact of the College on the county economy. Table 1.2 provides the breakdown of jobs by industry in Monroe County. Among the county’s non-government industry sectors, the Health Care & Social Assistance sector is the largest employer, supporting 73,097 jobs or 15.0% of total employment in the county. The second largest employer is the Retail Trade sector, supporting 45,919 jobs or 9.4% of the county’s total employment. Altogether, the county supports 486,710 jobs. 2

Total jobs

% of Total

Industry sector

Agriculture, Forestry, Fishing, & Hunting

1,179 0.2%

Mining Utilities

507 0.1% 997 0.2%

Construction Manufacturing Wholesale Trade

18,829 3.9% 42,091 8.6% 15,730 3.2% 45,919 9.4% 8,652 1.8% 8,747 1.8% 23,383 4.8% 20,244 4.2% 36,693 7.5% 29,672 6.1% 35,791 7.4% 73,097 15.0% 10,365 2.1% 29,727 6.1% 12,264 2.5%

Retail Trade

Transportation & Warehousing

Information

Finance & Insurance

Real Estate & Rental & Leasing Professional & Technical Services Management of Companies & Enterprises Administrative & Waste Services Educational Services, Private Health Care & Social Assistance Arts, Entertainment, & Recreation Accommodation & Food Services Other Services (except Public Administration)

23,168 4.8%

Government, Non-Education

21,244 4.4% 28,413 5.8%

Government, Education

Total 486,710 100.0% * Data reflect the most recent year for which data are available. Emsi data are updated quarterly. Source: Emsi complete employment data.

2 Job numbers reflect Emsi’s complete employment data, which includes the following four job classes: 1) employees that are counted in the Bureau of Labor Statistics’ Quarterly Census of Employment and Wages (QCEW), 2) employees that are not covered by the federal or state unemployment insurance (UI) system and are thus excluded from QCEW, 3) self-employed workers, and 4) extended proprietors.

11

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

2. Economic Impact Analysis

ACCOUNTING

In FY 2015-16, MCC enrolled 119 students in its Accounting program. Of these students, 13 graduated with an associate degree in FY 2015-16. CAREER PATHWAYS The Accounting program can lead students into a num- ber of occupations, which may include: Budget Ana- lysts, Tax Preparers, and Bookkeeping, Accounting, and Auditing Clerks. TABLE 2.1: Aggregated Program to Occupation Mapping Measures Number of Occupations 34 Using the average number of annual openings for these occupations (3,894) and subtracting the FY 2015-16 institutional completers in the county that may fill these openings (20), we arrive at a gap of 3,874 unfilled openings. There are 3,395 unique job postings at the associate degree level or below for these occupations in Monroe County. The top three posting companies are University of Rochester, Paychex, Inc., and Rochester General Health System. Projected Avg. Annual Job Openings (2016-2026) 3,894 +4.5% Projected Avg. Job Growth (2016-2026) Median Hourly Wage (2016) $21.89

PROGRAM ALUMNI IMPACT Former students of MCC’s Accounting program added $22.5 million in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former students active today in the county workforce as a direct result of their education, the increased output of businesses that employ these students, and the multiplier effects that occur. TABLE 2.2: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $769.6 thousand Annual Economic Impact per Student* $2.6 thousand Total Alumni Impact in FY 2015-16 $22.5 million * Due to data limitations, a duplicated student headcount was used to calcu- late the economic impact per student, generating a very conservative result. STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $6.70 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 21.9%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return. FIGURE 2.2: Lifetime Earnings of an Accounting Program Completer Compared to a High School Graduate

FIGURE 2.1: MCC Accounting Completers, FY 2005-06 to FY 2015-16

40

High School Graduate

Program Completer

30

$80,000 $60,000 $40,000 $20,000 $0

20

10

Average Annual Earnings

0

Number of Completers

2006

2009 2010 2011 2012 2013 2014 2015 2016 2007 2008

30 35 40 45 50

55

60 65

Year Graduated

Age

12

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

APPLIED INTEGRATED TECHNOLOGY/ MECHATRONICS

While only recently established in 2011, in FY 2015-16, MCC enrolled 4 students in its Applied Integrated Tech- nology/Mechatronics program. There were no graduates receiving a certificate in this program in FY 2015-16. CAREER PATHWAYS The Applied Integrated Technology/Mechatronics pro- gram can lead students into a number of occupations, which may include: Electrical and Electronics Engineer- ing Technologists, and Electro-mechanical Technicians. TABLE 2.3: Aggregated Program to Occupation Mapping Measures Number of Occupations 24 Using the average number of annual openings for these occupations (394) and in FY 2015-16 there were no insti- tutional completers in the county that may fill these openings, so we arrive at a gap of 394 unfilled openings. There are 267 unique job postings at the certificate level or below for these occupations in Monroe County. The top three posting companies are Gleason Corporation, Harris Corporation, and Corning Incorporated. PROGRAM STUDENT IMPACT Former students of MCC’s Applied Integrated Technol- ogy/Mechatronics program added $32.4 thousand in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former students active today in the county workforce as a direct result of their education, the increased out- put of businesses that employ these students, and the multiplier effects that occur. Projected Avg. Annual Job Openings (2016-2026) 394 Projected Avg. Job Growth (2016-2026) +3.8% Median Hourly Wage (2016) $22.58

STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $13.20 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 35.3%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return. FIGURE 2.3: Lifetime Earnings of an Applied Integrated Technology/Mechatronics Program Completer Compared to a High School Graduate Total Student Impact in FY 2015-16 $32.4 thousand * Due to data limitations, a duplicated student headcount was used to calcu- late the economic impact per student, generating a very conservative result. TABLE 2.4: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $699.6 thousand Annual Economic Impact per Student* $2.2 thousand

High School Graduate

Program Completer

$80,000

$60,000

$40,000

$20,000 $0 Average Annual Earnings

35 40 45 50

55

60 65

Age

13

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

AUTOMOTIVE TECHNOLOGIES

In FY 2015-16, MCC enrolled 196 students in its Auto- motive Technologies programs. Of these students, two graduated with a certificate and 27 graduated with an associate degree in FY 2015-16. CAREER PATHWAYS Automotive Technologies programs can lead students into a number of occupations, which may include: Auto- motive Body and Related Repairers, Automotive Glass Installers and Repairers, and Automotive Specialty Technicians. TABLE 2.5: Aggregated Program to Occupation Mapping Measures Number of Occupations 10 Using the average number of annual openings for these occupations (424) and subtracting the FY 2015-16 insti- tutional completers in the county that may fill these openings (29), we arrive at a gap of 395 unfilled open- ings. There are 1,001 unique job postings for these occupations at the associate degree level or below in Monroe County. The top three posting companies are The Goodyear Tire & Rubber Company, Penske Auto- motive Group, Inc., and Bridgestone Corporation. Projected Avg. Annual Job Openings (2016-2026) 424 Projected Avg. Job Growth (2016-2026) +9.7% Median Hourly Wage (2016) $18.32

PROGRAM ALUMNI IMPACT Former students of MCC’s Automotive Technologies programs added $15.1 million in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former students active today in the county workforce as a direct result of their education, the increased output of businesses that employ these students, and the multiplier effects that occur. TABLE 2.6: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $1 million Annual Economic Impact per Student* $2.6 thousand Total Alumni Impact in FY 2015-16 $15.1 million * Due to data limitations, a duplicated student headcount was used to calculate the economic impact per student, generating in a very conservative result. STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $7.20 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 17.7%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return.

FIGURE 2.4: MCC Automotive Technologies Completers, FY 2007-08 to FY 2015-16

FIGURE 2.5: Lifetime Earnings of an Automotive Technologies Program Completer Compared to a High School Graduate

Certificate Completers

Associate Completers

High School Graduate

Program Completer

60 50 40 30 20 10 0

$80,000 $60,000 $40,000 $20,000 $0

Average Annual Earnings

2008 2009 2010 2011 2012 2013 2014 2015 2016

23 28 33 38 43

53 58 63 48

Number of Completers

Year Graduated

Age

14

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

CLINICAL & MEDICAL LABORATORY TECHNOLOGY

In FY 2015-16, MCC enrolled 36 students in its Clinical & Medical Laboratory Technology program. Of these students, 17 graduated with an associate degree in FY 2015-16. CAREER PATHWAYS The Clinical & Medical Laboratory Technology program can lead students into a number of occupations, which may include: Medical and Clinical Laboratory Techni- cians and Ophthalmic Medical Technicians. TABLE 2.7: Aggregated Program to Occupation Mapping Measures Number of Occupations 4 Using the average number of annual openings for these occupations (143) and subtracting the FY 2015- 16 institutional completers in the county that may fill these openings (17), we arrive at a gap of 126 unfilled openings. There are 391 unique job postings for these occupations at the associate degree level or below in Monroe County. The top three posting companies are University of Rochester, Rochester General Health System, and Highland Hospital. Projected Avg. Annual Job Openings (2016-2026) 143 Projected Avg. Job Growth (2016-2026) +4.2% Median Hourly Wage (2016) $19.37

PROGRAM ALUMNI IMPACT Former students of MCC’s Clinical & Medical Labo- ratory Technology program added $74.2 thousand in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former students active today in the county workforce as a direct result of their education, the increased out- put of businesses that employ these students, and the multiplier effects that occur. TABLE 2.8: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $277.2 thousand Annual Economic Impact per Student* $505 Total Alumni Impact in FY 2015-16 $74.2 thousand * Due to data limitations, a duplicated student headcount was used to calcu- late the economic impact per student, generating a very conservative result. STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $3.50 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 16.6%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return.

FIGURE 2.6: MCC Clinical & Medical Laboratory Technology Completers, FY 2010-11 to FY 2015-16

FIGURE 2.7: Lifetime Earnings of a Clinical & Medical Laboratory Technology Program Completer Compared to a High School Graduate

20

High School Graduate

Program Completer

$50,000 $40,000 $30,000 $20,000

15

10

5

Average Annual Earnings $0 $10,000

0 Number of Completers

2011 2012 2013 2014 2015 2016

34 39 44 49 54

59

64

Year Graduated

Age

15

PROGRAM BASED ECONOMIC IMPACT ANALYSIS

COMPUTER INFORMATION SYSTEMS

In FY 2015-16, MCC enrolled 39 students in its Com- puter Information Systems program. Of these students, two graduated with an associate degree in FY 2015-16. CAREER PATHWAYS The Computer Information Systems program can lead students into a number of occupations, which may include: Computer Systems Analysts, Computer Pro- grammers, and Web Developers. TABLE 2.9: Aggregated Program to Occupation Mapping Measures Number of Occupations 8 Using the average number of annual openings for these occupations (142) and subtracting the FY 2015-16 insti- tutional completers in the county that may fill these openings (15), we arrive at a gap of 127 unfilled open- ings. There are 934 unique job postings for these occu- pations at the associate degree level or below in Mon- roe County. The top three posting companies include: Windstream Holdings Incorporated, Fidelis Care New York, and AMF Bowling Incorporated. Projected Avg. Annual Job Openings (2016-2026) 142 Projected Avg. Job Growth (2016-2026) +8.8% Median Hourly Wage (2016) $34.59

PROGRAM ALUMNI IMPACT Former students of MCC’s Computer Information Sys- tems program added $13.9 million in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former students active today in the county workforce as a direct result of their education, the increased output of busi- nesses that employ these students, and the multiplier effects that occur. TABLE 2.10: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $737.2 thousand Annual Economic Impact per Student* $2.4 thousand Total Alumni Impact in FY 2015-16 $13.9 million * Due to data limitations, a duplicated student headcount was used to calcu- late the economic impact per student, generating a very conservative result. STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $6.40 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 20.4%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return.

FIGURE 2.8: MCC Computer Information Systems Completers, FY 2005-06 to FY 2015-16

FIGURE 2.9: Lifetime Earnings of a Computer Information Systems Program Completer Compared to a High School Graduate

16

High School Graduate

Program Completer

$60,000

12

$40,000

8

$20,000

4

Average Annual Earnings $0

0 Number of Completers

2006

2012 2013 2014 2015 2016 2007 2008 2009 2010 2011

29 34

39

44 49 54

59

64

Year Graduated

Age

16

MONROE COMMUNITY COLLEGE. | FEBRUARY 2018

COMPUTER SCIENCE

In FY 2015-16, MCC enrolled 166 students in its Com- puter Science program. Of these students, 15 graduated with an associate degree in FY 2015-16. CAREER PATHWAYS The Computer Science program can lead students into a number of occupations, which may include: Software Application Developers, Database Administrators, and Web Administrators. TABLE 2.11: Aggregated Program to Occupation Mapping Measures Number of Occupations 11

PROGRAM ALUMNI IMPACT Former students of MCC’s Computer Science program added $12.9 million in income to the Monroe County economy in FY 2015-16. This figure represents the increased wages collected by former students active today in the county workforce as a direct result of their education, the increased output of businesses that employ these students, and the multiplier effects that occur. TABLE 2.12: Metrics Per Student and Total Impact Lifetime Earnings Increase per Student $985.6 thousand Annual Economic Impact per Student* $2.8 thousand Total Alumni Impact in FY 2015-16 $12.9 million * Due to data limitations, a duplicated student headcount was used to calcu- late the economic impact per student, generating a very conservative result. STUDENT RETURN ON INVESTMENT To earn a degree in the program, students experience costs in the form of tuition and fees, books and supplies, and the opportunity cost of attending school instead of working. In return for this investment, students can earn higher wages. For every dollar students invest in their education in the program, they will receive $7.60 back over the course of their working lives. This investment can also be seen in terms of a rate of return of 19.7%. This is an impressive return, especially when compared to the U.S. stock market 30-year average of 10.1% return.

Projected Avg. Annual Job Openings (2016-2026)

192

Projected Avg. Job Growth (2016-2026)

+6.3%

Median Hourly Wage (2016)

$26.19

Using the average number of annual openings for these occupations (192) and subtracting the FY 2015-16 insti- tutional completers in the county that may fill these openings (20), we arrive at a surplus of 172 extra com- pleters. There are 2,395 unique job postings for these occupations in Monroe County. The top three posting companies are University of Rochester, Paychex Inc, and Dish Network LLC.

FIGURE 2.10: MCC Computer Science Completers, FY 2005-06 to FY 2015-16

FIGURE 2.11: Lifetime Earnings of a Computer Science Program Completer Compared to a High School Graduate

16

High School Graduate

Program Completer

$80,000

12

$40,000 $20,000 $0 $60,000

8

4

Average Annual Earnings

0 Number of Completers

2006

2012 2013 2014 2015 2016 2007 2008 2009 2010 2011

23

28

33

38

43 48 53

63 58

Year Graduated

Age

17

PROGRAM BASED ECONOMIC IMPACT ANALYSIS