Highline College contributes nearly $250 million to economy, study reports
Thu, 04/21/2011
Highline Community College's alumni and operations contribute $248.4 million to King County's economy every year, according to an economic impact study commissioned by the college.
Completed by an outside consultant, the report shows that Highline, whose main campus is in Des Moines, supports King County's economy through college operations, additional revenues from skilled alumni, and spending by international students while living in the region.
"The economic impact study offers a compelling argument that investing in Highline Community College and in higher education is a wise business decision," said President Dr. Jack Bermingham. "I hope that others take note of our significant contributions to the local community and economy."
Earlier this month, college administrators announced they would cut 22 jobs and some academic classes in response to a $1.86 million reduction in funding.
The skills obtained by the college's former students have the greatest impact on King County's economy, contributing $210.5 million annually from alumni's higher earnings and increased output for local businesses.
College operating expenses and employee earnings contribute roughly $34.2 million and spending by international students on room and board, transportation and other personal expenses brings $3.7 million in additional income to King County each year.
During the 2009-10 academic year, Highline enrolled 527 international students and employed 1,401 individuals.
Taxpayers see a return of $1.60 for every dollar of state and local support over the course of students' working careers, according to the report.
The report was completed by Economic Modeling Specialists, Inc., located in Moscow, Idaho.