Florida colleges have $26.6B economic impact
Florida's College Sytem, the 28 schools formerly known as the community college system, have a collective economic impact $26.6 billion each year, according to a recent study. The report took into account student productivity gaines, college operations and student spending.
Last year, the Florida College System awarded 105,798 degrees and certificates, and 93 percent of students stay in Florida. In addition to the direct economic benefit, the study said that a more educated population also decreases crime, lowers unemployment, reduces welfare and improves citizens' health.
"This study comes on the heels of today’s announcement that we’ve added more than 280,000 private-sector jobs over the last two years, and as we continue to focus on greater economic growth, students will have even more opportunities to find a job in the Sunshine State," Gov. Rick Scott said in a news release. "Moreover, this report is great news in support of our goal to create more jobs and strengthen education. Florida colleges continue to step up and provide students with an even more affordable, high-quality education.”
St. Johns River State College President Joe Pickens, who is chairman of the system's Council of Presidents, said: “Florida’s colleges are providing exactly the kind of boost our state needs. With a $26.6 billion bump to our economy, it’s clear the Florida College System plays a vital role in shaping Florida’s future.”
The study was conducted by Economic Modeling Specialists International and was commissioned by the Council of Presidents and the Florida College System Foundation. Read more about the ecpnomic impact report here.