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Study shows CLC contributes millions of dollars, 1,252 jobs to regional economy

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News Brainerd, 56401
Brainerd Dispatch
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Brainerd MN 506 James St. / PO Box 974 56401

Central Lakes College contributes $95 million to the regional economy and adds 1,252 jobs between the Staples and Brainerd campuses.

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Central Lakes College (CLC) listed those numbers quoting from recently released study estimating the college’s economic impact.

“In addition to focusing on the success of our students, CLC plays a vital role in supporting our state and regional economy,” said Central Lakes College President Larry Lundblad, in a news release. “Our operations and the economic activity generated by our faculty, staff, and students touch virtually every corner of our regional economy and support local business and industry.”

The study was conducted by Wilder Research, a nationally recognized source of data used by state and local planners, policy makers and service providers.

“This economic impact research provides a statistically valid measurement of the significance of an organization’s activities on the regional economy,” said Jose Diaz, research scientist for Wilder. “Policy makers and community leaders can use the data to inform their decisions. Central Lakes College clearly has a significant impact on the regional economy.”

The study also concluded that CLC generates about $5 million in tax revenues for state and local government.

The study further estimated the value of the increase in productivity that the 602 degrees/diplomas awarded by CLC in 2011 will yield throughout the careers of the graduates. Making assumptions for a 40-year work life and wages, the education received by these graduates are expected to yield additional state income of $56 million.

“Central Lakes College makes a long-term contribution to the regional economy with every graduating class because the productivity improvements from higher education last for the worker’s entire career,” Diaz said.

On a statewide level, the Wilder study shows seven state universities and 24 community and technical colleges that are part of the Minnesota State Colleges and Universities System (MnSCU):

• Generate an annual economic impact of $8.3 billion (direct impact of $5 billion and indirect impact in other industries of $3.3 billion).

• Represent a return of $13.53 for each $1 of state appropriation.

• Generate an estimated 80,856 jobs in the state (56,876 direct jobs and 23,979 additional indirect jobs created by vendors, contractors and businesses supplying inputs to our colleges and their students).

• Generate about $490 million in tax revenues for Minnesota state and local governments.

In addition to the impact outlined above, the enhanced productivity of MnSCU graduates across the state is equivalent to $4.7 billion of future value created each year.

In addition to the impact outlined above, the enhanced productivity of MnSCU graduates across the state is equivalent to $4.7 billion of future value created each year.

Copies of the report may be obtained from Kenn Dols at 218-855-8132 or kdols@clcmn.edu.

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Denton (Denny) Newman Jr.
I've worked at the Brainerd Dispatch with various duties since Dec. 7, 1983. Starting off as an Ad Designer and currently Director of Audience Development. The Dispatch has been an interesting and challenging place to work. I'm fortunate to have made many friends, both co-workers and customers.
(218) 855-5889
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