MCC Program Based Economic Impact Analysis: Feb 2018

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

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MONROE COMMUNITY COLLEGE. | FEBRUARY 2018