As its namesake, Alamo Colleges District has their own inspirational impact on society. From our origin as a community college district in 1945 through decades of change and expansion, we have fought to make higher education accessible and affordable for all. Today, five colleges fulfill this promise with a vast array of courses and 2-year degrees. A recent $450 million capital improvement project has allowed us to create some of the best facilities for teaching and learning in the country.
Our credits transfer to four-year universities for those pursuing advanced degrees. And our workforce development programs help individuals build new careers and meet the needs of businesses. In short, it is our mission to reshape futures.
IMPACTS CREATED BY THE ALAMO COLLEGES DISTRICT IN FY 2016-17
Operations Spending Impact
$370.2 Million Added Income & 7,733 Jobs
Construction spending impact
$22.6 Million & 344 Jobs
Student Spending Impact
$170.6 Million & 2,546 Jobs
Alumni Impact
$2 Billion & 30,551 Jobs
TOTAL IMPACT
$2.6 Billion & 41,170 Jobs
One out of every 35 jobs
in the Alamo Colleges Service Area is supported by the activities of the Alamo Colleges and their students.
Today, hundreds of thousands of former students are employed in the Alamo Colleges Service Area. During the analysis year, past and present students of the Alamo Colleges generated $2.0 billion in added income for the region. This figure represents the higher earn- ings that students earned during the year, the increased output of the businesses that employed the students, and the multiplier effects that occurred as students and their employers spent money at other businesses. This $2.0 billion in added income is equivalent to supporting 30,551 jobs.
The $2.6 billion in added income was equal to approximately 2.0% of the gross regional product (GRP) of the Alamo Colleges Service Area. By comparison, this contribution that the colleges provide on their own is more than five times as large as the entire Utilities industry in the region.
In return for their investment, Alamo students will receive a stream of higher future earnings that will continue to grow throughout their working lives.
The average associate degree graduate from the Alamo Colleges will see an increase in earnings of
$9,400
each year compared to someone with a high school diploma working in Texas. Over a working lifetime, this increase in earnings amounts to an undiscounted value of approximately $404,200 in higher earnings.
The present value of the higher future earnings that Alamo students will receive over their working careers is $2.6 billion.
CREATING VALUE ACROSS OUR COMMUNITY
The results of this study demonstrate that the Alamo Colleges District creates value from multiple perspectives. The colleges benefit local businesses by increasing consumer spend- ing in the region and supplying a steady flow of qualified, trained workers into the workforce. They enrich the lives of students by raising their lifetime earnings and helping them achieve their individual potential. They benefit state and local taxpayers through increased tax receipts across the state and a reduced demand for government-supported social services. Finally, they benefit society as a whole in Texas by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students.
For information on the statistics cited in graphics view full report below: