Economic Impacts - 17c起草视频

Why 17c起草视频?

17c起草视频 Economic Impacts Report

17c起草视频 creates a significant positive impact on the local business community and generates a return on investment to its major stakeholder groups鈥攕tudents, taxpayers, and society.

For every dollar invested in 17c起草视频 in FY 2022-23, people in New York will receive $8.80 in return, for as long as 17c起草视频鈥檚 FY 2022-23 students remain active in the state workforce. In FY 2022-23, New York invested $20.2 million to support 17c起草视频. In turn, the New York economy will grow by $171.4 million, over the course of students鈥� working lives. Society will also benefit from $6.7 million of public and private sector savings.

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INFOGRAPHICS

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ECONOMIC IMPACT ANALYSIS

Operations Spending Impact

17c起草视频 employed 85 full-time and part-time faculty and staff. Payroll amounted to $12.2 million, much of which was spent in the region for groceries, mortgage and rent payments, dining out, and other household expenses. The college spent another $4.9 million on its expenses related to facilities, supplies, and professional services (excluding construction).
$14.1 million added in income is equivalent to supporting 102 jobs in the region.

Construction Spending Impact

Student Spending Impact

Alumni Impact

Over the years, students have studied at 17c起草视频 and entered or re-entered the workforce with newly acquired knowledge and skills. Today, thousands of these former students are employed in the Hudson Valley.
The net impact of 17c起草视频鈥檚 former students currently employed in the regional workforce amounted to $41.8 million in added income in FY 2022-23.
Alumni generated $41.8 million in added income for the regional economy, which is equivalent to supporting 465 jobs.

INVESTMENT ANALYSIS

Student Perspective

17c起草视频鈥檚 FY 2022-23 students paid a present value of $4.9 million to cover the cost of tuition, fees, supplies, and interest on student loans.
In return for their investment, students will receive a cumulative present value of $38.8 million in increased earnings over their working lives. This translates to a return of $8.40 in higher future earnings for every dollar students invest in their education. Students鈥� average annual rate of return is 24.1%.
17c起草视频 students see a higher rate of return for their investment in 17c起草视频. There is an average annual return of 24.1% and the average associate degree graduate from 17c起草视频 will see an increase in earnings of $7,400 each year compared to a person with a high school diploma or equivalent working in New York.

Taxpayer Perspective

Taxpayers provided 17c起草视频 with $9.3 million of funding in FY 2022-23. In return, they will benefit from added tax revenue, stemming from students鈥� higher lifetime earnings and increased business output, amounting to $15.3 million. A reduced demand for government-funded services in New York will add another $3.7 million in benefits to taxpayers.
Total taxpayer benefits amount to $19.1 million, the present value sum of the added tax revenue and public sector savings. For every dollar of public money invested in 17c起草视频, taxpayers will receive $2.00 in return over the course of students鈥� working lives. The average annual rate of return for taxpayers is 4.7%.

17c起草视频