Economic Impact

Economic Impact

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Investment Analysis

  • TGCCCC served 222.594 credit students and 83,571 non-credit students in the 2008-2009 reporting year.
  • Education increases lifetime income. The average income at the career midpoint of someone with an associate degree in the Texas Gulf Coast is $58,000, 36% more than a student with a high school diploma.
 
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Economic Growth Analysis

  • Added income attributable to the accumulation of TGCCCC skills amounts to $7.4 billion each year.
  • For every dollar of support, taxpayers see a cumulative return of $2,20 over the course of students’ working careers (in the form of higher tax receipts and avoided costs).
 
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Business Perspective

  • TGCCCC employed 7,143 full-time and 6,292 part-time faculty and staff in the 2008-09 reporting year, with an annual payroll of $564.8 million.
  • The net added income generated by TGCCCC operations ($485.1 million) and the spending of non-local students ($22.2 million) contributes a total of $507.3 million in income to the Texas Gulf Coast economy each year.

View our Business Perspective PDF

 
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Taxpayer Perspective

  • An estimated 96% of TGCCCC students remain in Texas and contribute to economic growth. Students who enter the workforce expand the tax base by generating higher earnings and reducing social costs.
  • For every dollar appropriated by state and local governments to TGCCCC, taxpayers will see a return with a cumulative added value of $2.20 in the form of higher tax revenues and avoided social costs.

View our Taxpayer Perspective PDF

 
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Social Perspective

  • The activities of TGCCCC’s 2008-09 student body will generate about $794.7 million in labor income in the state economy each year.
  • Education is statistically correlated with improved lifestyle behaviors, including reduced incidences of absenteeism, alcohol abuse, and smoking, lower probability of committing crime, and fewer welfare and unemployment claims.

View our Social Perspective PDF

 
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Student Perspective

  • Students enjoy an attractive 15.8% rate of return on their TGCCCC educational investment.
  • By 2020 it is anticipated that there will be about 1.6 million new and replacement jobs available in the Texas Gulf Coast. About 29% of these jobs will require an education level equal to an associate degree or greater.

View our Student Perspective PDF