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<title>Washington's community and technical colleges added $20.5 billion to the state economy, study shows</title>
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<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Laura McDowell
<br>
<b>Sent:</b> Monday, February 13, 2017 3:05 PM<br>
<b>Subject:</b> RELEASE: Washington's community and technical colleges added $20.5 billion to the state economy, study shows<o:p></o:p></span></p>
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<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Good afternoon!<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">The following news release went out about 20 minutes ago. We also tweeted and posted on Facebook. Targeted social media ads to come.<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D"><o:p> </o:p></span></p>
<p class="MsoNormal"><i><span style="font-size:11.0pt;font-family:"Calibri","sans-serif";color:#1F497D">Sent to: State Board, presidents, trustees, PIOs and State Board staff<o:p></o:p></span></i></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#4F6228"><img width="112" height="122" id="Picture_x0020_1" src="cid:image002.jpg@01D2860A.97077910" alt="SBCTC_Anniversary Logo Main_Round3OUT_v1_MC"><o:p></o:p></span></b></p>
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<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#4F6228"><o:p> </o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#4F6228">Laura McDowell</span></b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#4F6228">
</span><b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#984806">|
</span></b><span style="font-size:8.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#244061">director of communications<b><o:p></o:p></b></span></p>
<p class="MsoNormal"><span style="font-size:9.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#984806">Washington State Board for Community & Technical Colleges<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:8.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#254061"><a href="mailto:lmcdowell@sbctc.edu"><span style="color:#254061">lmcdowell@sbctc.edu</span></a> </span><b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#984806">|</span></b><span style="font-size:8.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#244061">
p (360) 704-4310 </span><b><span style="font-size:11.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#984806">|</span></b><span style="font-size:8.0pt;font-family:"Lucida Sans Unicode","sans-serif";color:#244061"> c (360) 280-0670<o:p></o:p></span></p>
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<p class="MsoNormal"><b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif"">From:</span></b><span style="font-size:10.0pt;font-family:"Tahoma","sans-serif""> Katie Rose
<br>
<b>Sent:</b> Monday, February 13, 2017 2:35 PM<br>
<b>To:</b> Laura McDowell<br>
<b>Subject:</b> Washington's community and technical colleges added $20.5 billion to the state economy, study shows<o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:125%"><span style="font-size:8.5pt;line-height:125%;font-family:"Helvetica","sans-serif";color:#606060"><a href="http://sbctc.us8.list-manage2.com/track/click?u=deef59f1d8ee1e991514ca276&id=ab03da4968&e=eac0b86a7d" target="_blank"><span style="font-size:10.5pt;line-height:125%;font-family:"Tahoma","sans-serif";color:#606060">See
this news release online</span></a> <o:p></o:p></span></p>
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</span><span style="font-size:10.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">News Release<br>
State Board for Community and Technical Colleges<br>
1300 Quince Street | P.O. Box 42495<br>
Olympia, WA 98504-2495<br>
360-704-4400</span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060"><o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:150%"><span style="font-size:10.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">FOR IMMEDIATE RELEASE — Feb. 13, 2017<br>
Contact: Laura McDowell, 360-704-4310, <a href="mailto:lmcdowell@sbctc.edu" target="_blank">
<span style="color:#6DC6DD">lmcdowell@sbctc.edu</span></a></span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">
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<h1 align="center" style="text-align:center;line-height:15.6pt"><span style="font-size:13.5pt;font-family:"Tahoma","sans-serif";color:black">Community and technical colleges added $20.5 billion to state economy, study shows</span><o:p></o:p></h1>
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<p class="MsoNormal" style="line-height:150%"><span style="font-size:10.5pt;line-height:150%;font-family:"Tahoma","sans-serif";color:#606060">OLYMPIA, Wash. — </span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">
A study released today shows Washington’s 34 community and technical colleges added $20.5 billion to the state economy in 2014-2015. That translated into about 321,549 jobs and 5.1 percent of the gross state product, according to the study by Economic Modeling
Specialists International.<br>
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The study looked at spending by students, alumni and the colleges themselves. It then factored in the multiplier effect that occurs as money is spent and re-spent in Washington, turning every dollar spent into more than a dollar in economic activity.<br>
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Most of the added income </span><span style="font-family:"Tahoma","sans-serif";color:#606060">— </span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060"> $18.7 billion
</span><span style="font-family:"Tahoma","sans-serif";color:#606060">— </span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">came from higher wages and increased productivity from alumni.This supported about
290,296 jobs. College operations added another $1.2 billion or 20,678 jobs, and student spending accounted for $612.1 million or 10,575 jobs.<br>
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The study also calculated the return on investment for students, taxpayers and society. Among the findings:
<o:p></o:p></span></p>
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<span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif"">For every dollar a student spends on a community or technical college education, that student receives $2.80 in higher future income. A student’s average annual rate of return
is 12.8%.<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%">
<span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif"">For every taxpayer dollar the state invests, it gets back $1.70 in tax revenues.<o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:150%;mso-list:l0 level1 lfo3;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%">
<span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif"">Overall, for every dollar spent on colleges
</span><span style="font-size:11.5pt;line-height:150%;font-family:"Tahoma","sans-serif"">— </span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif"">whether from students, state and local governments or other Washington residents
</span><span style="font-size:11.5pt;line-height:150%;font-family:"Tahoma","sans-serif"">— </span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif"">society as a whole receives $5.70 in added state revenue and social savings.
The savings come from reduced crime, lower unemployment, and better health and well-being across the state.<o:p></o:p></span></li></ul>
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“It’s well known that community and technical colleges are economic drivers in our state, but it’s great to see this validation,” said Gary Oertli, chair of the college presidents’ association and president of
<a href="http://sbctc.us8.list-manage.com/track/click?u=deef59f1d8ee1e991514ca276&id=8aa401bce5&e=eac0b86a7d" target="_blank">
<span style="color:#6DC6DD">South Seattle College</span></a>. “This study clearly shows that students aren’t the only ones who benefit from community and technical colleges
</span><span style="font-family:"Tahoma","sans-serif";color:#606060">— </span><span style="font-size:11.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060"> we all do.”<br>
<br>
<a href="http://sbctc.us8.list-manage1.com/track/click?u=deef59f1d8ee1e991514ca276&id=ac65f71329&e=eac0b86a7d" target="_blank"><span style="color:#6DC6DD">Economic Modeling Specialists International</span></a> is an independent research company that specializes
in economic impact studies for leaders in higher education. The study was commissioned by the
<a href="http://sbctc.us8.list-manage2.com/track/click?u=deef59f1d8ee1e991514ca276&id=7f5334ab64&e=eac0b86a7d" target="_blank">
<span style="color:#6DC6DD">Washington State Board for Community and Technical Colleges</span></a>.The study analyzed data collected from July 2014 to June 2015.<br>
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The report comes as the community and technical college system prepares to celebrate its 50th anniversary in April. Each year, about 381,000 students train for the workforce, prepare to transfer to a university, gain basic math and English skills, or pursue
continuing education. College students and alumni increase the state’s quality of life and economic vitality as entrepreneurs, employees, consumers and taxpayers.<br>
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“Our community and technical colleges serve every community across the state,” said Oertli. “Even in these challenging budget-writing years, the state must invest in higher education — our students, our employers and the state’s economy depend on it.”<br>
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The full study, supporting documents, an infographic and a video are available at:
<a href="http://sbctc.us8.list-manage1.com/track/click?u=deef59f1d8ee1e991514ca276&id=03f60886f1&e=eac0b86a7d" target="_blank">
<span style="color:#6DC6DD">EMSI Economic Impact Study</span></a>. <o:p></o:p></span></p>
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<h1 style="line-height:15.6pt"><span style="font-size:10.5pt;font-family:"Tahoma","sans-serif"">Links within this release</span><o:p></o:p></h1>
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<li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:15.6pt;mso-list:l3 level1 lfo6;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%">
<span style="font-size:10.0pt;font-family:"Helvetica","sans-serif""><a href="http://sbctc.us8.list-manage.com/track/click?u=deef59f1d8ee1e991514ca276&id=72e48cfa7e&e=eac0b86a7d" target="_blank"><span style="font-size:10.5pt;font-family:"Tahoma","sans-serif";color:#6DC6DD">South
Seattle College</span></a><o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:15.6pt;mso-list:l3 level1 lfo6;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%">
<span style="font-size:10.0pt;font-family:"Helvetica","sans-serif""><a href="http://sbctc.us8.list-manage.com/track/click?u=deef59f1d8ee1e991514ca276&id=fcfe8b80e0&e=eac0b86a7d" target="_blank"><span style="font-size:10.5pt;font-family:"Tahoma","sans-serif";color:#6DC6DD">Economic
Modeling Specialists International</span></a><o:p></o:p></span></li><li class="MsoNormal" style="color:#606060;mso-margin-top-alt:auto;mso-margin-bottom-alt:auto;line-height:15.6pt;mso-list:l3 level1 lfo6;-ms-text-size-adjust: 100%;-webkit-text-size-adjust: 100%">
<span style="font-size:10.0pt;font-family:"Helvetica","sans-serif""><a href="http://sbctc.us8.list-manage1.com/track/click?u=deef59f1d8ee1e991514ca276&id=909c4d09dc&e=eac0b86a7d" target="_blank"><span style="font-size:10.5pt;font-family:"Tahoma","sans-serif";color:#6DC6DD">Washington
State Board for Community and Technical Colleges</span></a><o:p></o:p></span></li></ul>
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<p class="MsoNormal" style="line-height:150%"><strong><span style="font-size:10.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">About the Washington State Board for Community and Technical Colleges</span></strong><span style="font-size:10.5pt;line-height:150%;font-family:"Trebuchet MS","sans-serif";color:black"><br>
</span><span style="font-size:10.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">The State Board for Community and Technical Colleges is led by a Governor-appointed board and provides leadership, advocacy, and coordination for Washington’s
system of 34 public community and technical colleges. Each year, about 381,000 students train for the workforce, prepare to transfer to a university, gain basic math and English skills, or pursue continuing education. Visit our website at
<a href="http://sbctc.us8.list-manage1.com/track/click?u=deef59f1d8ee1e991514ca276&id=e8dbe03ea0&e=eac0b86a7d" target="_blank">
<span style="color:#606060">SBCTC.edu</span></a>.</span><span style="font-size:8.5pt;line-height:150%;font-family:"Helvetica","sans-serif";color:#606060">
</span><span style="font-size:10.5pt;line-height:150%;font-family:"Trebuchet MS","sans-serif";color:black"><o:p></o:p></span></p>
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<p class="MsoNormal" style="line-height:125%"><span style="font-size:8.5pt;line-height:125%;font-family:"Helvetica","sans-serif";color:#606060"><a href="http://us8.campaign-archive1.com/?u=deef59f1d8ee1e991514ca276&id=7b3c14941b&e=eac0b86a7d" target="_blank"><span style="color:#606060">View
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