Investment' Innovation' Impact' Washington State Community and Technical Colleges and College name h

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Investment. Innovation. Impact. Washington
State Community and Technical CollegesandColleg
e name hereJanuary 2009
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Fall Quarter 2008
Fall quarter enrollments up 7.2 Enrollments
increased 9,025 FTEs Students enrolled in
more classes Source State Board for Community
and Technical Colleges Fall Quarter Report, 2008
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Enrollments
Statewide - fall 2008 FTES grew in all mission
areas
Source State Board for Community and Technical
Colleges Fall Quarter Report, 2008
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Training Demand

• Need for more than 32,965 mid-level workers by
  2012
• Weakening economy increase in demand for
  training
• Colleges will be significantly overenrolled in
  2008-09

Source State Board for Community and Technical
Colleges Fall Quarter Report, 2008
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Worker Retraining

• CTC fall worker retraining enrollments track
  with the unemployment rate.
• Fall 2009 projected to exceed 2003 numbers.

Source State Board for Community and Technical
Colleges Fall Quarter Report, 2008
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Job Placement
Worker retraining gets students back to work
75 is the job placement target rate for worker
retraining
Source State Board for Community and Technical
Colleges Fall Quarter Report, 2008
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High Demand Funding
Supports growth that meets employer needs 10.7
million FY 09
Source State Board for Community and Technical
Colleges Fall Quarter Report, 2008
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Fall Enrollment Summary

• 200,000 students
• High school students
• Unemployment
• Economic stimulus

Source State Board for Community and Technical
Colleges Fall Quarter Report, 2008
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Report Overview

• Funded by Trustees Association for
• Community and Technical Colleges
• Prepared by Economic Modeling Specialists, Inc.
  (EMSI)
• Net-gain study

Investment, Innovation, Impact Study, EMSI,
January 2009
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Why Net Gain Analysis?

• 2 problems with gross-gain studies
• Individual characteristics
• Costs to participate in higher education
• Net impact study addresses these concerns

Investment, Innovation, Impact Study, EMSI,
January 2009
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Statewide Results

• Professional/technical students
• 25,478 participants
• Short-term 2.5 years earnings for participants,
  5,500 more than comparison group.
• Career span earnings for all participants,
  67,600 more than comparison group.
• Career span earnings for those who completed
  degrees and certificates, 116,600 more.

Investment, Innovation, Impact Study, EMSI,
January 2009
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Statewide Results

• Professional/technical students
• Rate of return for students is 43.
• Payback time students earned back cost of
  tuition, transportation, and lost earnings in
  only 1.4 years

Investment, Innovation, Impact Study, EMSI,
January 2009
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Statewide Results

• For taxpayers
• Long-term 148.7 million return on investment
  (increased tax revenues above the cost to fund
  professional/technical programs).
• Plus reduced social costs (need for unemployment
  insurance, welfare, etc).

Investment, Innovation, Impact Study, EMSI,
January 2009
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Statewide Results

• For taxpayers
• Rate of return is 7.
• Higher than the average rate of return for
  most public investments.
• Payback time State funded program costs
  recaptured through tax revenues and reduced
  social program costs in less than 11 years.

Investment, Innovation, Impact Study, EMSI,
January 2009
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Eastern Region

• Eastern Regional Economy
• Diverse economy
• Healthcare fast growing sector
• Manufacturing and agriculture

Investment, Innovation, Impact Study, EMSI,
January 2009
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Eastern Region

• Dental Assisting
• Students
• 2.5 years - 4,000 more
• Completer career span - 71,900 more
• For employers/community
• 200 job vacancies in region
• For taxpayers
• Short Over 40 investment recaptured
• Long Over 176,000 return on investment

Investment, Innovation, Impact Study, EMSI,
January 2009
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Eastern Region

• Welding Technology
• Students
• 2.5 years - 6,000 more
• Completer career span - 108,000 more
• For employers/community
• Skilled welders in demand
• For taxpayers
• Short Almost 50 investment recaptured
• Long Net gain of 367,500

Investment, Innovation, Impact Study, EMSI,
January 2009
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Eastern Region

• Registered Nursing
• Students
• 2.5 years - 17,000 more
• Completer career span - 168,000 more
• For employers/community
• 700 new jobs and 500 job vacancies
• For taxpayers
• Short over 70 investment recaptured
• Long Net gain of over 5.8 million

Investment, Innovation, Impact Study, EMSI,
January 2009
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Summary

• Report based on net gain from participation in
  college workforce programs
• Positive gains for students and taxpayers
• Investment in 2-year colleges supports regional
  economies and enhances lives.

Investment, Innovation, Impact Study, EMSI,
January 2009