The Economic Value of Main Report

Contents

Preface............................................................................................................................................................ 4

Acknowledgments .......................................................................................................................................... 6

Executive summary............................................................................................................................................. 7

Economic impact analysis ............................................................................................................................... 8

Investment analysis ...................................................................................................................................... 10

Introduction...................................................................................................................................................... 12

Profile of Monroe Community College and the economy ................................................................................ 14

The MCC Service Area economy ................................................................................................................... 22

Economic impacts on the MCC Service Area economy ..................................................................................... 26

Operations spending impact ........................................................................................................................ 30

Student spending impact .............................................................................................................................. 34

Alumni impact .............................................................................................................................................. 37

Total MCC impact ......................................................................................................................................... 42

Investment analysis .......................................................................................................................................... 44

Student perspective ..................................................................................................................................... 45

Taxpayer perspective.................................................................................................................................... 55

Social perspective ......................................................................................................................................... 61

Conclusion ........................................................................................................................................................ 68

Resources and appendices ............................................................................................................................... 70

Resources and references ............................................................................................................................ 71

Appendix 1: Sensitivity analysis .................................................................................................................... 79

Appendix 2: Glossary of terms...................................................................................................................... 85

Appendix 3: Frequently asked questions (FAQs) .......................................................................................... 88

Appendix 4: Example of sales versus income ............................................................................................... 90

Appendix 5: Lightcast MR-SAM .................................................................................................................... 91