STATEWIDE — An in-depth study, conducted by Emsi, reveals the significant positive economic impact Ivy Tech Community College makes on the state of Indiana, including the local impact in the Lawrenceburg Campus Service Area. The report outlines the return on investment the Community College makes to its major stakeholder groups – students, taxpayers, and the communities it serves. Results of the analysis reflect a $3.9 billion cumulative annual impact.
The 2020 Ivy Tech Community College Economic Impact Report, based on the fiscal year 2018-19, includes the following key findings for our local area:
- Ivy Tech’s impact supported the equivalent of 682 jobs in the Lawrenceburg Campus Service Area.
- Alumni have the greatest impact on the state because of higher earnings and increased productivity of the businesses that employ them. In FY 2018-19, Ivy Tech Lawrenceburg alumni generated $27.8 million in added income for the service area economy.
- In the Lawrenceburg Campus Service Area, Ivy Tech employs 237 full-time and part-time faculty and staff with total operations spend of $9.1 million contributing to the service area economy.
- The expenditures of retained students in FY 2018-19 also added $568.2 thousand in income to the service area economy.
“The economic data shared in this report reinforces the value that Ivy Tech adds to the communities in Southeastern Indiana,“ said Chancellor Mark Graver. “Educating Hoosiers in high-demand, high-wage jobs is the primary mission of Ivy Tech Community College and local employees appreciate the outcomes that Ivy Tech provides to the local workforce pipeline.”
“Ivy Tech’s impact goes well beyond the benefits students derive from their education,” said Sue Ellspermann, president of Ivy Tech. “When the College’s students enter the workforce, they bring with them valuable skills acquired through their education, resulting in increased productivity for their employers. That has a lasting impact on our state and the dozens of communities where our students live and work.”
For details on the statewide impact, visit www.ivytech.edu/impact.
(Ivy Tech Community College press release)
