An economic impact statement, commissioned by
the college, provides a tangible glimpse at the real impact
Hudson Valley Community College has on the Capital
The comprehensive study by Economic Modeling Specialists,
Inc. (Jan. 2011) shows that not only does Hudson Valley annually fuel the
workforce of some critical industries in the region, it provides
a key social, educational and economic benefit to the region
as a whole.
Among other facts, the study noted:
- Hudson Valley plays a critical role in numerous Capital
Region job sectors, including health care, construction,
criminal justice, teaching and engineering.
- The Capital Region economy annually receives roughly
$51.2 million in income due to college operations.
- For every dollar of support, taxpayers see a cumulative
return of $2.90 over the course of students' working careers
in the form of higher tax receipts and avoided costs.
- Education increases lifetime income. The average income at
the career midpoint of someone with an associate degree
in the Capital Region is $47,500, 35 percent more than a
student with a high school diploma.
- Higher earnings of Hudson Valley students and associated
increases in state income expand the tax base in New York
by about $108.6 million each year.
- Students enjoy a 14.9 percent rate of return on their
investment in a Hudson Valley education, recovering all the
costs associated with their education in a little over 10 years.
Analysis of Investment Effectiveness and Economic Growth
Jan. 31, 2011
For more than 50 years, Hudson Valley Community College
has been the first choice for tens of thousands of students
wishing to pursue their higher education. Eight out of ten
graduates stay in the Capital Region to pursue careers,
buy homes and become leaders in their communities.