The Economic Value of Main Report

Table 3.4: Student spending impact, FY 2022-23

Non-labor income (thousands)

Total income (thousands)

Labor income (thousands)

Sales (thousands)

Jobs supported

Initial effect

$0

$0

$0

$25,366

0

Multiplier effect Direct effect

$4,973

$4,890

$9,863

$18,413

143

Indirect effect

$1,593

$1,506

$3,100

$5,995

48

Induced effect

$2,245

$2,157

$4,403

$8,115

64

Total multiplier effect

$8,812 $8,812

$8,553 $8,553

$17,365 $17,365

$32,523 $57,889

256 256

Total impact (initial + multiplier)

Source: Lightcast impact model

The economic value of Monroe Community College

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