Measuring Middle-Skills Gaps within the Finger Lakes Regional Economy

APPLIED INTEGRATED TECHNOLOGIES/MECHATRONICS ESTIMATED PER WORKER METRICS FOR MCC’S APPLIED INTEGRATED TECHNOLOGIES/MECHATRONICS PROGRAM 19

The economic impact data below is an estimate based on a conservative projection of 20 MCC mechatronics program completers. The MCC mechatronics program is scheduled to launch in Fall 2016.

Field

Value

Estimated Number of Completers in Workforce in 2014*

20

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

$45,600

Estimated Lifetime Earnings of Completers

$727,600

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

ESTIMATED ECONOMIC IMPACT OF MCC’S APPLIED INTEGRATED TECHNOLOGIES/MECHATRONICS PROGRAM

Impact Type Initial Effect Direct Effect Indirect Effect Induced Effect

Value ($)

$602,000 $78,000 $15,000 $237,000

Total Economic Impact

$933,000

Source: Monroe Community College Program Based Economic Impact Analysis. © 2015 MCC