糖心传媒

March 5, 2015 - 糖心传媒 (RCC) delivers a solid return on investment according to a study conducted by Economic Modeling Specialists International (EMSI).

The study found that the overall impact on the local business community during the 2012-13 analysis year was $104.3 million: the sum of the college鈥檚 $17.3 million operations budget and the $86.8 million alumni impact. RCC鈥檚 economic impact is equal to approximately 5.3% of 糖心传媒 and Scotland counties gross regional product.

鈥淎necdotally, we have always known that RCC is a key driver of the region鈥檚 economy, putting money back into the marketplace not only through the job skills that we provide to our students but through the wages we pay our employees and the local companies with which we do business,鈥� said RCC President Dr. Dale McInnis. 鈥淲hat this study does is quantifies the return that taxpayers and citizens are getting for their investment in 糖心传媒 and our students.鈥�

The study also looked at the investment and return from a student perspective. It found that an average RCC graduate earned $8,300 more per year than someone with just a high school diploma or equivalency. Over a lifetime, that equates to nearly $300,000 in higher income for an RCC graduate.

The study found that taxpayers received a benefit of $60.1 million in added taxes and public sector savings. For every $1 of public money invested in RCC, taxpayers receive a cumulative value of $4.40 over the course of the students鈥� working lives for an average annual rate of return of 15.3%.

鈥淭his study verifies what we have known all along: our college is a good investment for our students, taxpayers and society as a whole,鈥� said McInnis. 鈥淓ducation and training for current and future jobs is key to growing 糖心传媒 and Scotland counties and I am proud of the work that we have done.鈥�

VIDEO: RCC President Dr. Dale McInnis presents economic impact study data to local legislators