OCC’s Powerful Impact on the Region

Onondaga Community College is creating a significant positive impact on the business community while generating a return on investment to students, taxpayers and society. Those are among the findings in a study of the College’s impact completed in April 2017 by Economic Modeling Specialists International. Among the report’s highlights:

  • Impact on Business – During the analysis year OCC and its students added $496 million in income to Central New York’s economy, approximately equal to 1.3% of the region’s total gross regional product.
  • Alumni Impact – The accumulated contribution of former students currently employed in the regional work force amounted to $378.1 million in added income during the analysis year.
  • Impact on Students – Each dollar students invested in their education will result in a $5.80 increase in lifetime earnings. Students’ average annual return on investment is 18%.
  • Benefit to Taxpayers – Every dollar of taxpayer funding resulted in $6.70 in benefits, translating to a 19.1% return on investment.
  • Social Perspective – For each dollar spent on an OCC education during the analysis year, society will receive a cumulative value of $17.20 in benefits.

You can view the full report here.

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