The San Diego Community College District released a report showing that its current and former students have a $4 billion annual impact on the local economy.
The study by the labor market analytics firm Emsi calculated the impact in the 2018-19 fiscal year at $4.3 billion — enough to support nearly 45,000 jobs.
“The San Diego Community College District has a substantial impact on the economy of our region,” said Chancellor Constance M. Carroll. “Through the opportunities and services provided by City, Mesa, and Miramar colleges, and San Diego Continuing Education, students thrive and thousands of employees and contractors add to the economic contribution.”
“As this new study shows, the district is a beneficial investment that pays enormous dividends by generating far more tax revenue than it receives,” she added.
Among the report’s highlights:
- For every dollar students spend on their education, they see a return of $4.10 in higher future earnings
- For every dollar invested last year in the district, California will see a return of $11.20
- The district employed 5,964 full- and part-time faculty, staff, and administrators last year, with payroll amounting to $315.6 million
- A student with an associate degree from City, Mesa, or Miramar college will see an increase in earnings of $10,000 each year compared to a person with just a high school diploma
The district serves approximately 100,000 students annually through its three two-year colleges and continuing education program
>> Subscribe to Times of San Diego’s free daily email newsletter! Click hereFollow Us: