Alvin Community College serves an important role in the local economy providing tangible benefits for the taxpayers who support it.
ACC adds $100 million in income for the community and supported 1,884 jobs, according to a study by Economic Modeling Specialists, Intl.
ACC graduates added a total income of $1.6 billion to the region during the 2012-13 fiscal year, according to the most recent available data. The college itself also created an additional $26.1 million in income due to the spending on its day-to-day operations.
“We are very proud of the fact that the college is a major economic engine for our community,” said ACC President Dr. Christal M. Albrecht. “This study reveals how successful the college is in educating students while providing financial benefits for everyone.”
Alumni working in the community also generate $70.1 million in annual added income which supports nearly 1,300 jobs, according to the study. Student spending also accounts for nearly $4 million in added income for the community “Economic activity from our students and our graduates is a major economic driver in our community,” Albrecht said.
One of the most direct impacts ACC has on the economy is through improving the lives of its students. Income levels increase as people achieve higher levels of education. The average associate degree graduate earns $16,500 more annually than a high school graduate at the midpoint of their career.
The benefits of earning their Associate Degree at ACC are exponential and will continue to benefit them in the workforce. For every dollar that a student invests in their education they earn $4.40 over the course of their career “Education is one of the most sound investments that a student and a community can make,” Albrecht said. “The more educated a person is, the more they will earn.”
Students who receive degrees are more employable. Using their credentials earned in college, they obtain jobs with benefits, allowing them to live healthier lives and making them less likely to commit crime.
High employment rates translate into a reduction in application for welfare and unemployment. The more employable a worker is, their chances of receiving health benefits from their employer increases, meaning less demand on national health care services.
This will save taxpayer dollars in the future. State and local governments save $5.7 million in public funds on health care, crime prevention and more every year.
“Providing the education our students need to be marketable in the workforce is also an investment for the community,” Albrecht said. “That investment yields vital returns in the form of a more peaceful and therefore prosperous community.”