The Economic Value of Main Report

The total net impact of the college ’ s operations is equal to the gross impact less the impact of the alternative use of funds – the opportunity cost of the regional money. As shown in the last row of Table 3.2, the total net impact is approximately $114.9 million in labor income and $13.9 million in non-labor income. This sums together to $128.8 million in total added income and is equivalent to supporting 1,597 jobs. These impacts represent new economic activity created in the regional economy solely attributable to the operations of MCC.

The economic value of Monroe Community College

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