MCC Program Based Economic Impact Analysis: Feb 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)

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PROGRAM BASED ECONOMIC IMPACT ANALYSIS