Monroe Community College Program Based Economic Impact Analysis, January 2015

◆ ◆ In 2014, completers of MCC’s Precision Machining & Tooling program generated an estimated $20 million in added income to the regional economy. As of 2014, there are 267 MCC completers in the workforce who achieved some credential in this field (either a postsecondary vocational award or an associate’s degree). Whether employed in their field or in another field, these students generate an annual economic impact of $75,500 per person. An average MCC completer in this program will collect a present value of $694,300 in future earn- ings as a result of this education. ◆ ◆ In 2014, completers of MCC’s Optical Systems Technology program generated an estimated $3.6 million in added income to the regional economy. As of 2014, there are 29 MCC completers in the workforce who achieved some credential in this field (either a postsecondary vocational award or an associate’s degree). Whether employed in their field or in another field, these students generate an annual economic impact of $121,500 per per- son. An average MCC completer in this program will collect a present value of $702,300 in future earnings as a result of this education. ◆ ◆ In 2014, completers of MCC’s Heating, Ventila- tion, & Air Conditioning (HVAC) program gener- ated an estimated $20 million in added income to the regional economy. As of 2014, there are 243 MCC completers in the workforce who achieved some credential in this field (either a postsecond- ary vocational award or an associate’s degree). Whether employed in their field or in another field, these students generate an annual economic impact of $82,200 per person. In present value terms, an average MCC completer in this program will collect a present value of $682,300 in future earnings as a result of this education. ◆ ◆ In 2014, completers of MCC’s Electrical Engineer- ing Technology program generated an estimated

impact of $48,500 per person. An average MCC completer in this program will collect a present value of $701,200 in future earnings as a result of this education. ◆ ◆ In 2014, completers of MCC’s Construction Tech- nology program generated an estimated $3.1 mil- lion in added income to the regional economy. As of 2014, there are 82 MCC completers in the workforce who achieved an Associate in Applied Science degree in this field. Whether employed in their field or in another field, these students generate an annual economic impact of $37,600 per person. An average MCC completer in this program will collect a present value of $552,700 in future earnings as a result of this education. ◆ ◆ MCC’s Applied Integrated Technology/Mechatron- ics program is scheduled to launch in the fall of 2016. After the first full academic year, EMSI estimates that there will be 20 MCC completers in the workforce generating an estimated $933 thou- sand in added income to the regional economy. Whether employed in their field or in another field, these students will generate an estimated annual economic impact of $45,600 per person. An average MCC completer in this program will collect a present value of approximately $727,600 in future earnings as a result of this education. ◆ ◆ In 2014, completers of MCC’s Mechanical Engi- neering Technology program generated an esti- mated $7.4 million in added income to the regional economy. As of 2014, there are 115 MCC com- pleters in the workforce who achieved an Associate in Applied Science degree in this field. Whether employed in their field or in another field, these students generate an annual economic impact of $64,700 per person. An average MCC completer in this program will collect a present value of $682,700 in future earnings as a result of this education.

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P ROGRAM BA S ED ECONOM I C I MP AC T ANA L Y S I S | J ANUAR Y 2 0 1 5