Transcript

Kansas’ Independent Colleges and Universities

Kansas' Independent Colleges and Universities: Generating Income and Creating Economic Growth for all Kansans KANSAS Kansas' independent colleges generate over $980 million a year in new income for the state of Kansas through the spillover effects of their own operations, the spending of their own students and their campus visitors, and the long-term productivity of their graduates. KS OPERATIONS $231M $981M $16M $14M STUDENT SPENDING KICA COLLEGES VISITOR SPENDING $720M STUDENT PRODUCTIVITY nearly the same boost to the economy in one nearly the same amount of money could: year as: hosting the Super Bowl buy groceries for 9x 109K families ($900M) of four hosting the Republican National Convention create jobs for 6x 22K ($960M) people OPERATIONS KICA colleges are major purchasers of supplies and services and their thousands of employees spend their income on groceries, housing, and others goods and services sold in Kansas. All of this creates a ripple effect on the state economy, generating even more jobs and income. $231M To get the same economic growth from operational spending, Kansas would have to Kansas-based non-governmental employers NPC Restaurant Holdings (Pizza Hut) annually recruit companies like: 28,000 Sprint Corporation 12,500 Spirit Aero Systems Rosetta Stone (language learning software) $237M 11,500 Via Christi Hospitals 10,000 Cessna Aircraft Company DinEquity Inc. (Applebees, IHOP) $156M 9,000 = 1,000 employees Beechcraft Corporation 6,000 KICA Colleges nearly 90% live in Kansas DST Systems (business software 4,400 $143M Largest charitable entities in the Kansas: Koch Charitable Foundation Kansas University Endowment $31M Association 11M KICA $120M Heart to Heart $89M Kansas State International $44M University Foundation Christian Foundation for Children $95M United Way 14M of the Plains 13M and Aging Kansas Health Foundation raised and distributed for student aid from non-governmental sources STUDENT SPENDING By recruiting a substantial number of students from out-of-state, KICA colleges inject new money into the Kansas economy. These students come to Kansas explicitly to attend a KICA college and buy computers and cheeseburgers and gasoline, generating still more economic growth for Kansas. $16M Every year, the income that KICA student spending provides Kansas is enough to buy: Number of out-of-state students Washburn 598 47,407 total out-of-state bachelor's degree students 2,228,571 Big Mac Extra Value Meals ESU 1,270 WSU 2,062 PSU 2,127 979,889 movie dates for FHSU 6,565 two people KSU 7,051 (Including KSU Vet) KS Community and Technical Colleges 322,981 full tanks of gas (14 gallon gas tank) 7,648 KU 9,415 (Including KU Med) KICA 10,671 226,744 new pairs of sneakers 31,262 Amount per year injected into the Kansas economy from their consumption of goods and services. $793 new iPads per KICA student VISITOR SPENDING In addition to hosting athletic events, concerts, art exhibits, and cultural and other events, KICA colleges bring a large number of people to Kansas-these students and their families visit for tours, orientations, and graduations. $14M $630K The amount per year the Kansas State Fair generates in additional net income to the state 261,500 $14.1M average of visitors KICA colleges and universities bring to their campuses each year. Compare this The amount per year KICA generates in additional net income to the state to Kansas visitors for... $14.1M In visitor spending is enough to buy: 17B Hunting: 112,000 73,836 tickets K-State vs. KU basketball game fill Allen Wildlife 4.5x Fieldhouse Watching: 34,000 201,427 tickets KU vs. K-State football game fill Bill Snyder Family Stadium 4x Fishing: 28,000 156,666 tickets fill the venue 20x Symphony in the Flint Hills *at average ticket prices STUDENT PRODUCTIVITY The greatest impact of KICA's institutions is derived from the education they provide their students. Nearly 100,000 KICA graduates live and work in Kansas today, adding millions in income and increased productivity to businesses and communities throughout the state. $720M 80% of employers think every student should acquire broad knowledge in the liberal arts KICA colleges award more degrees annually than all but one university in Kansas. Employers want college graduates with the broad skills they can get from studying the liberal arts. more than more than 20% 25% of the bachelor's degrees of the master's degrees write and speak clearly degrees awarded by college read and think 6,682 critically 25,629 total degrees awarded adapt to complex situations 4,959 4,861 demonstrate an appreciation for life-long learning 3,331 2,942 1,570 1,284 Notable Alumni Wangari Maathai Nobel Peace Prize winner KU* KICA KSU FHSU WSU PSU ESU *including KU Med Tom Hoenig President of the Federal Reserve Bank of KC The median college graduate will earn more than $1.3 million more over their lifetime than someone without a degree. Andrew Cherng Founder of Panda Express restaurants Less than High School $970K High School Diploma $ $1.3M Some College/No Degree $ $1.5M Associate's degree $ $1.7M Bachelor's degree $ $2.3M Master's degree $ $2.7M Doctoral degree $ $3.3M Professional degree $ $3.6M Lifetime Earnings by Educational Attainment our member colleges Baker University – Benedictine College – Bethany College – Bethel College – Central Christian College - Donnelly College – Friends University – Hesston College - Kansas Wesleyan University – Manhattan Christian College – McPherson College – MidAmerica Nazarene University – Newman University – Ottawa University – Southwestern College – Sterling College - Tabor College – University of Saint Mary To learn more about the economic value of the Kansas Independent College Association, visit http://www.kscolleges.org/economic-impact.html kscolleges.org Kansas Independent College Association Sources: EMSI. "Demonstrating the Value of the Kansas Independent College Association." (June 2014) Victor Matheson and Robert Baade. "An Evaluation of the Economic Impact of National Foothall League Mega events." (August 2011) Robert Baade, Robert Baumann, and Victor Matheson. "Rejecting Conventional Wisdom: Estimating the Economic Impact of National Political Converntions." (April 2008) Elise Gould, Hilary Wething, Natalie Sabadish, and Nicholas Finio. "What Farmilies Need to Get By: The 2013 Update of EPI's Family Budget Calculator." (July 2013) Kansas Department of Commerce (Employment and Economy Charts) America's Career Infonet (State Profile: Largest Employers) Rosetta Stone, DinEquity Inc., and DST Systems (2013 company financial statements) Foundation Directory Online (2012 data) Kansas Board of Regents. KHEER data (Fall 2012) United States Cernsus Bureau, Numbeo, and Apple Inc. Kansas Independernt College Association. (Comprehensive Survey, 2013) US Fish and Wildlife Service. "2011 National Survey of Fishing, Hunting, and Wildlife-Associated Recreation." (August 2012) Patricia Oslund and Shannon Portillo. "Kansas State Fair: Visitor Attributes, Dermographics, and Economic Impact Analysis." (October 2009) Venues provided current average ticket prices and seat capacities. Kansas Board of Regents. KHEER data (Fall 2012) Kansas Independent College Association, (Comprehensive Survey, 2013) Council of Independent Colleges (Liberal Arts Resources-Infographics) Association of American Colleges and Universities. It Takes More than a Major: Employer Priorities for College Learning and Student Success." (April 2013) Anthony Camevale, Stephen Rose, and Ban Cheah. "The College Payoff: Education, Occupations, Lifetime Earnings." (2011)

Kansas’ Independent Colleges and Universities

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Kansas’ independent colleges generate over $980 million a year in new income for the state of Kansas through the spillover effects of their own operations, the spending of their own students and the...

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