Blinn College Economic Impact $247 Million in Brazos CountyFeatured Stories, News Wednesday, February 19th, 2014
The economic impact of Blinn College’s campuses were presented to the board of trustees Tuesday night.
At the Brazos County campuses, last year’s sum was measured at $247 million dollars.
President Sylvia McMullen says this assists administrators and the board of trustees in their ongoing master plan.
The local payroll was $34 million dollars and the college spent $17 million on goods and services.
More than 17,000 students contributed $187 million dollars to the local economy last year.
Click below for comments from Dr. Sylvia McMullen, visiting with WTAW’s Bill Oliver.
News release courtesy of Blinn College:
A recent study has found that Blinn College’s economic impact in the region continues to expand, pumping $345.3 million into the local economy each year.
The study, conducted by Economic Modeling Specialists International (EMSI), displayed 21.7 percent growth in Fiscal Year 2012-13 over the most recent economic impact report commissioned by the College in 2010, which showed an annual economic impact of $283.8 million.
“Blinn College is fortunate to have such terrific support from its community,” said Dr. Harold Nolte, Blinn College district president. “This report shows that their investment in Blinn College’s success is paying off and makes it clear that as Blinn continues to grow and develop it can make this region even stronger economically and culturally.”
Blinn’s total impact includes $239.5 million in added income by former students employed in the regional workforce, $61.3 million in College operations spending and $44.5 million in student spending. The report found that Blinn has made an impact of $247.4 million in Bryan-College Station, $83 million in Brenham, $11.1 million in Schulenburg and $3.9 million in Sealy.
Blinn’s total impact represents 1.0 percent of the gross regional product, and the added income created by the College supports 7,798 local jobs.
The study found that students receive a 14.2 percent annual rate of return on their investment in a Blinn education.
The College released an updated set of strategic priorities in November, placing emphasis on student success, community enhancement and human capital. One of Blinn’s goals in prioritizing community enhancement is to be an economic resource in the community.
“Benjamin Franklin once said that an investment in knowledge pays the best interest,” said Blinn College – Bryan campus President Sylvia McMullen. “I believe this study demonstrates that the difference we make in the lives of our students has an incredible cumulative effect on our society and our economy.”
Blinn’s 49.7 percent academic transfer rate is the highest in the nation and more than 20 percent higher than the state average. Its Transfer Enrollment at Texas A&M (TEAM) Program, a unique co-enrollment program that allows hundreds of additional students to qualify for Texas A&M’s freshman class each year, recently received the Texas Higher Education Coordinating Board’s Recognition of Excellence.
The College was also named one of the top community colleges in the state by Schools.com for its positive impact on the Texas economy, and AffordableCollegesOnline.org recently listed Blinn among the most affordable large community colleges in the nation.
Blinn’s tuition and fees average about one-third the cost of the same classes at most four-year public universities in the state. In addition to its four campuses in Brenham, Bryan, Schulenburg and Sealy, the College teaches online courses, dual credit for high school and prepares students for quick employment through its workforce education, technical training and vocational education programs.
For more information on Blinn’s economic impact study, visit: www.blinn.edu/impact.
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