The Economic Value of Main Report

Table 4.5: Present value of the future increased economic base and social savings in the state (thousands)

Increased economic base

$1,853,993

Social savings Health Smoking

$45,074

Obesity

$8,671

Depression

-$12,099

Substance abuse

-$10,617

Total health savings*

$31,030

Crime Criminal justice system savings

$6,791

Crime victim savings

$56

Added productivity

$200

Total crime savings

$7,047

Income assistance Welfare savings

$14,515

Unemployment savings

$3,998

Total income assistance savings

$18,514

Total social savings

$56,591

Total, increased economic base + social savings

$1,910,584

* In some cases, health savings may be negative. This is due to increased prevalence rates at certain education levels. Source: Lightcast impact model

The sum of the social savings and the increased state economic base is $1.9 billion, as shown in the bottom row of Table 4.5 and in Figure 4.3. These savings accrue in the future as long as the FY 2022-23 student population of MCC remains in the workforce.

The economic value of Monroe Community College

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