REPORT REVEALS IVY TECH'S IMPACT IN INDIANAPOLIS College produces $3.9 billion cumulative annual impact throughout state
An in-depth study, conducted by Emsi, reveals the significant positive economic impact that Ivy Tech Community College makes on the state of Indiana, including the local impact in Indianapolis. The report outlines the return on investment the Community College makes to its major stakeholder groups – students, taxpayers and the communities it serves. Results of the analysis reflect a $3.9 billion cumulative annual impact. “The campus benefits regional businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers to the workforce,” said Dr. Lorenzo L. Esters, chancellor of Ivy Tech Indianapolis. “Here at Ivy Tech Indianapolis, we are working to be a campus without walls by going into the community." In addition to identifying the institution's economic impact, the study also analyzed the value of the investment students are making in themselves by choosing an Ivy Tech education and the value the community is investing in students through public dollars the institution receives from taxpayers.
The study found that students invested $502.8 million in time and money to generate a cumulative return of $2.2 billion in higher future earnings over their careers. The average Ivy Tech associate degree graduate from 2018-19 will see annual incomes $10,100 higher than a person with a high school diploma or equivalent working in Indiana. Students will see an average annual return on investment of 18.3%, which is significantly higher than the U.S. stock market’s 30-year average rate of return of just under 10% or the 30-year U.S. Treasury at 1.91% rate of return. Taxpayers are also benefiting from investing in students. For every dollar of public money invested in Ivy Tech, taxpayers will receive a cumulative value of $1.90 throughout the students’ working lives. This equates to a net present value of $287.2 million after accounting for taxpayer costs and is an average annual rate of return of 5.3% for taxpayers. Other benefits and statewide impact details are outlined in the full report at IvyTech.edu/impact.
P A G E 6 | I V Y I N D Y
Made with FlippingBook - Online Brochure Maker