INDIANAPOLIS (Inside INdiana Enterprise) — A brand new examine carried out by Emsi, a labor market knowledge firm, signifies Ivy Tech Neighborhood Faculty has an annual financial affect of $3.9 billion all through the state. The examine, primarily based on 2018-29 knowledge, focuses on job creation, salaries, and elevated enterprise productiveness, amongst different elements.
The 2020 Ivy Tech Neighborhood Faculty Financial Influence Report reveals the school helps the equal of practically 57,000 jobs of which practically 7,500 are full or half time college and employees. Ivy Tech says payroll accounts for about $300 million.
Emsi’s examine reveals alumni have the best affect on the state due to greater earnings and elevated productiveness of the companies that make use of them. In accordance with Emsi knowledge, in FY 2018-19, Ivy Tech alumni generated $3.6 billion in added revenue for the state financial system.
“Ivy Tech’s affect goes effectively past the advantages college students derive from their training,” mentioned Sue Ellspermann, president of Ivy Tech. “When the Faculty’s college students enter the workforce, they bring about with them priceless expertise acquired by way of their training, leading to elevated productiveness for his or her employers. That has a long-lasting affect on our state and the handfuls of communities the place our college students dwell and work.”
The examine discovered that college students invested $502.8 million in money and time that may generate a cumulative return of $2.2 billion in greater future earnings over their working careers.
Click here to view the report.