CC ADDS $839 MILLION TO STATE’S ECONOMY;
ALUMNI ALSO ADD TO COLORADO’S “BRAIN-GAIN”
CC President Jill Tiefenthaler to host breakfast presentation
Colorado College may be a small liberal arts college nestled at the foot of Pikes Peak, but it has a large impact on the state’s economy. The college sent an average of nearly $168 million into the economy each year from 2006-11, for a total over five years of more than $839 million. That’s a lot of pizzas, planners and parents’ visits!
CC President Jill Tiefenthaler, who holds a Ph.D. in economics, will host a discussion of the research, presented by Aradhya Sood, a current senior at Colorado College, on the economic impact of the college on the state of Colorado at a breakfast presentation, to be held from 7:30 to 8:45 a.m., Friday, Sept. 6 in Gaylord Hall, located in the Worner Campus Center, 902 N. Cascade Ave.
The report is based on the five academic years between 2006-07 and 2010-11. During those years Colorado College had an average of 1,990 students, the majority of whom came from out-of-state. During the same time period, the college brought approximately 300 international students and 1,835 students of color to Colorado.
In addition to students, who with their family and guests have a large statewide economic impact, alumni also have an influence. A significant number of students who came to the college from other states opted to stay in Colorado, resulting in a “brain-gain” for the state.
The study also notes that:
- On average, CC employed 1,361 full- and part-time faculty and staff each year during the five year timeframe, which created an annual average of 1,080 additional jobs in Colorado.
- For every dollar the college spent on capital projects, another 83 cents were added to Colorado’s economy.
- Student spending alone created an average of 150 jobs per year, or 751 jobs over the five years studied.
- For every dollar the college spent on employee salaries and benefits, another 64 cents went to the earnings of other individuals in Colorado.
- Parents, guests and alumni visitors spent $11 million over the five years studied. For every dollar they spent, another 30 were added to the Colorado economy. This translates into 36 jobs added to the economy every year.
- On average, students volunteered 1,152 times annually, for an average of 15,440 hours per year. During the study’s five-year timeframe, CC students volunteered 5,759 times for a total of 77,202 hours, which equates to 37 full-time service workers.
The breakfast is complimentary, but space is limited and reservations are required. To RSVP, contact Rachel.Frisch@coloradocollege.edu or call (719) 389-6265.