College’s effect equals 2.4 percent of region’s total gross regional product
PASADENA, Texas – A recent study has found that San Jacinto College had a $1.3 billion impact on the region’s economy in fiscal year 2016-17.
The study, conducted by Economic Modeling Specialists International (EMSI), reported that the impacts created during the 2016-17 fiscal year are comprised of $143 million in added income from operations spending, $24.4 million from student spending, and another $1.1 billion from alumni. The College’s impact equals 2.4 percent of the regions gross regional product, and a total of 13,044 jobs.
“This study takes into account the investments of our students, our taxpayers, and our communities,” said Dr. Brenda Hellyer, San Jacinto College Chancellor. “It reflects our ongoing efforts and commitment to improve our communities and the Gulf Coast region by providing an educated and skilled workforce, and offering our students a quality education that allows them to pursue a San Jacinto College has $1.3 billion impact on local economy College’s effect equals 2.4 percent of region’s total gross regional product higher education credential or gain and maintain employment in high-demand careers.”
In return for their investment in the College, the present value of the higher future earnings that San Jac’s students will receive over their working careers is $1.6 billion. This amounts to a return of $6.30 in higher future earnings for every dollar that students invest in their education. The study also found that students receive a 19.8 percent annual return on their investment in a San Jacinto College education.