MCC Program Based Economic Impact Analysis: Feb 2018

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)

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MONROE COMMUNITY COLLEGE. | FEBRUARY 2018