Alabama’s community colleges are proving to be a significant economic driver for the state, according to a recent report from Lightcast. The report reveals that Alabama’s community colleges generated $8.1 billion for the state’s economy last year, accounting for 3% of Alabama’s total gross product. This economic impact is equivalent to supporting 114,043 jobs in the state, highlighting the vital role that the Alabama Community College System (ACCS) plays in job creation and workforce development.
The study, which analyzed data from the 2023 and 2024 academic and fiscal years, shows that education directly influences earnings. Alabamians with an associate degree earn about $9,200 more annually than those with only a high school diploma. The average associate degree graduate earns $43,100 at mid-career, compared to $33,900 for high school diploma holders.
Taxpayers also benefit from the investments in community colleges, with every dollar of public funding resulting in a $1.20 return in tax revenue and savings. For every dollar invested in the ACCS, the Alabama economy gains $6.50 in benefit, showcasing the positive return on investment for all stakeholders.
The report also highlights the significant economic contributions of graduates from Alabama’s community colleges, with alumni impact resulting in $6.9 billion and 96,200 jobs in the state. ACCS Chief Workforce Development Officer Barry May emphasized the importance of these findings, noting that the system is not just an educational institution but an economic engine driving growth in Alabama.
For more information on the report’s findings, the full report is available at www.accs.edu/impact.
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