Making an Impact on Our Community
West Kentucky Community and Technical College (WKCTC) plays a significant role in the local economy and is a sound investment from multiple perspectives. Students benefit from improved lifestyles and increased earnings. Taxpayers benefit from a larger economy and lower social costs. Finally, the community as a whole benefits from increased job and investment opportunities, higher business revenues, greater availability of public funds, and an eased tax burden.
According to a 2017 study by Economic Modeling Specialists Inc. (EMSI), WKCTC contribute $141.3 million in fiscal year 2015-2016 to its community through a combination of college operations, student spending, and productivity of graduates in the workforce.
The $141.3 million annual economic impact is broken down in three ways. WKCTC alumni contribute $112.5 million in added regional income; this contribution is due to the higher earnings of former WKCTC students and the increased output of businesses. The college's operations generate $24.2 million in net added income, from its payroll as well as operating and capital expenditures. Lastly, the expenditures of relocated and retained students during 2015-2016 added about $4.6 million in income to the region's economy.
The study of West Kentucky's economic and community impact was performed by Economic Modeling Specialists, Inc. (EMSI), which provides socioeconomic impact and strategic planning tools for community and technical colleges throughout the United States and Canada.
Economic Study Breakdown
Economic Impact Study Documents
- WKCTC Economic Impact Study - Executive Summary (2017)
The economic contribution of West Kentucky Community and Technical College
- Overview Fact Sheet
- WKCTC Economic Impact Study - Full report (2017)