MCC Program Based Economic Impact Analysis: Feb 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.

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PROGRAM BASED ECONOMIC IMPACT ANALYSIS