Economic Impact of Independence Community College
Independence Community College contributes $21.2 million in income to the ICC Service Area economy, a value approximately equal to 1.8% of the region’s total gross regional product (GRP). Expressed in terms of jobs, ICC’s impact supported 502 jobs. For perspective, the activities of ICC and its students support one out of every 35 jobs in the ICC Service Area.
Students who invest in their ICC education will collectively receive a present value of $29 million in increased earnings over their working lives. This translates to a return of $10.20 in higher future earnings for every dollar students invest in their education. Students’ average annual rate of return is 25.4%.
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The study was conducted by Idaho-based Lightcast (formerly Emsi Burning Glass), which performed its analysis based on data from FY 2021 (July 1, 2020 through June 30, 2021).
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