CCC’s Total Economic Impact Near $450 Million

Central Community College added $442.1 million in income to its 25-county service area’s economy. That’s according to an economic impact analysis of fiscal year (FY) 2020-21, which found that the $442.1 million is approximately equal to 2.3 percent of the region’s total gross regional product.

CCC’s impact supported 6,247 jobs and the activities of CCC and its students support one out of every 33 jobs in the service area. Some of the jobs supported (by industry) include 797 in health care and social assistance, 620 in retail trade, 600 in manufacturing, 495 in construction and 620 in other services.

The study also looked at the return-on-investment for taxpayers, students and society.

The total investment made by CCC’s over 17,000 credit and non-credit students in 2020-21 in out-of-pocket expenses and forgone time and money amounted to a present value of $39.7 million. However, for each dollar students invested in their CCC education, they are estimated to receive a cumulative value of $5.30 in higher future earnings.

The total benefit to society is $704.7 million or $5.60 for each dollar invested. The societal benefit is comprised of additional student income, added income from college activities, added business income and social savings related to improved health, less crime and state income assistance.

“I am very pleased that through our CCC employees, daily operations, construction projects, students and alumni, we provide such a positive impact on investments and that students and alumni are seen living in Nebraska communities and working in the local industries of Central’s region,” said CCC President Dr. Matt Gotschall.

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