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February 6, 2008

Chancellor's Report Notes Economic Impact of Calhoun

A recently released “State of the System” report by Alabama College System Chancellor Bradley Byrne notes the total economic impact and return on investment (ROI) of the institutions comprising the System.  According to the report, “The ripple effect of the Alabama College System builds to an economic tidal wave for the state as it provides educational opportunities in three major areas:  Academic Programs, Adult Education and Workforce Development.”

The report further states that when using standardized methods and industry-specific multipliers, the Alabama College System offers a sizeable ROI.  According to figures from the report, the Direct Economic Impact of the System (institution, employee and student expenditures) is $1.3 billion.  The Total Economic Impact (utilizing the multiplier effect of re-spending) is $2.6 billion.  The System’s ROI is $8.10 to every $1 appropriated in state funding.

Specifically, figures released for Calhoun Community College were quite impressive.  According to the report, annual enrollment for Calhoun last year was 15,505.  State appropriations totaled $19,186,880; total college expenditures were $21,189,613; employee expenditures: $16,407,932; student expenditures: $70,082,600; local economic impact: $183,056,247; statewide economic impact: $221, 821,099; statewide return on $1 investment (ROI): $11.56 (the highest among all of the state’s two-year colleges); and added impact of local jobs: $19,485,014.

“Calhoun continues to make a tremendously significant impact in the state of Alabama, and the information contained in this report demonstrates just how significant this impact truly is,” commented Dr. Marilyn Beck

Janet Kincherlow-Martin
Director of Public Relations
(256) 306-2561

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