Edmonds Community College Boosts Local Economy

New research shows Edmonds Community College plays a significant role in boosting the local economy.

The study, conducted by Economic Modeling Specialists, Inc., shows EdCC helps the region's and state's finances by generating increased tax revenues and reducing the demand for taxpayer-supported social services.

Snohomish County's economy receives roughly $54.1 million in income each year due to EdCC operations. In addition, Edmonds CC alumni contribute $166.1 million in added regional income each year due to the higher earnings of students and increased output of businesses.

The state benefits from the college as well, as EdCC saves Washington about $2.5 million per year in benefits from improved health, reduced welfare, unemployment, and crime rates.

Students who attend EdCC also see long range economic returns. Associate degree graduates earn $12,700 more each year, on average, than someone with a high school diploma. For every dollar students invest in EdCC education, they receive a cumulative of $6.70 in higher future income over their working careers.

To put the study together, EMSI used data and financial reports from the EdCC, the Washington State Board for Com­munity and Technical Colleges, the U.S. Bureau of Labor Statis­tics, the U.S. Cen­sus Bureau, and a handful of studies and surveys relating education to social behavior.

To see the results of the study of the economic impact of Edmonds Community College, go to http://www.edcc.edu/legislative.