Measuring Middle-Skills Gaps within the Finger Lakes Regional Economy

TOOLING & MACHINING PER WORKER METRICS FOR MCC’S PRECISION TOOLING & MACHINING RELATED PROGRAMS

11

Field

Value

Number of Completers in Workforce in 2014*

267

Marginal Annual Impact per Completer (Compared to Full-Time High School Educated Worker)

$75,500

Estimated Lifetime Earnings of Completers

$694,300

* Based on 10-years of MCC program completion data. Please see the source document indicated below for details.

2014 ECONOMIC IMPACT OF MCC’S PRECISION TOOLING & MACHINING RELATED PROGRAMS

Impact Type Initial Effect Direct Effect Indirect Effect Induced Effect

Value ($) $13,424,000 $1,752,000

$344,000

$4,635,000

Total Economic Impact in 2014

$20,156,000

Source: Monroe Community College Program Based Economic Impact Analysis.

© 2015 MCC