Economic Impact Study

 

 

The Economic Value of Arapahoe Community College

ACC Fact Sheet

Read the Full CCCS StudyACC creates a significant positive impact on our business communities and generates a return on investment to its students, taxpayers, and society. Using a two-pronged approach that involves an economic impact analysis and an investment analysis, this study calculates the benefits to each of these groups. Results of the analysis reflect Fiscal Year (FY) 2015-16.
 

Impact on our Business Community

  • ACC 2015 through 2016 Operations Spending Impact was 33.1 Million dollars and created 779 JobsACC and its students added $337.3 million in income to the ACC Service Area economy.
  • ACC employed 706 full-time faculty, adjunct instructors, and staff in FY 2015-16 who purchased groceries, clothing, and other household goods and services in the ACC Service Area.
  • The college spent another $17.3 million to support its day-to-day operations.
     

Return on Investment to Students and Taxpayers

Student perspective

For every $1 spent by students they gain $5.40 in lifetime earnings. Taxpayers gain $14.30 in added taxes and savings.In return for the money students invested in ACC, they will receive a present value of $485.9 million in increased earnings over their working lives. This translates to a return of $5.40 in higher future earnings for every $1 that students invest in their education.

Taxpayer perspective

In FY 2015-16, state and local taxpayers in Colorado paid $18 million to support the operations of ACC. The value of the added tax revenue stemming from the students’ higher lifetime earnings and the increased output of businesses amounts to $248.1 million in benefits to taxpayers. The average annual return on investment for taxpayers is 32.5%.