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About the Study


  The Economic Contribution of Raritan Valley Community College details the role the College plays in promoting economic development, enhancing students’ careers and improving quality of life. Data sources included the 2010-2011 academic and financial reports from the College, industry and employment data from the US Bureau of Labor Statistics, earnings and demographic data from the US Census Bureau and a variety of studies and surveys relating education to social behavior.

The 2012 study was conducted by Economic Modeling Specialists Inc. (EMSI), a company that has been conducting economic impact studies since 2000 (under the name CCbenefits) to show the economic contributions of higher education. The company has conducted 1250 studies for community colleges and other institutions of higher learning in the United States, Canada and Australia.

In this study EMSI applied a comprehensive model designed to qualify the economic benefits of community and technical colleges and translate these into common-sense benefit/cost and investment terms. The study included two major analyses:

1. Investment Analysis: Treats education funding as an investment, calculating all measurable returns and comparing them to costs, from perspectives of students, taxpayers, and society as a whole.

2. Economic Growth Analysis: Measures added income in the region due to College operations and the accumulated skills of past and present students still in the workforce.





Summary of findings from the 2012 The Economic Contribution of Raritan Valley Community College study. The study was conducted by Economic Modeling Specialists Inc., a national leader in conducting economic impact studies for community colleges and other institutions of higher learning.

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