Economic Impact
Economic Impact of
Genesee Community College
in Genesee County
Investment Analysis: Value Created for Every $1 Spent
Students gain
$5.40 in lifetime earnings
Taxpayers gain
$1.70 in added tax revenue
Society gains
$7.70 in added income and savings
Sources of Economic Impact
Student Spending Impact
Impact of the daily spending of GCC students attracted to or retained in the region.
$1 million Added Income
Operations Spending Impact
Impact of annual payroll and other college operations spending.
$26 million Added Income
Alumni Impact
Impact of increased earnings of GCC alumni and the businesses they work for.
$38 million Added Income
Construction Spending Impact
Impact of expenditures for ongoing construction projects.
$1 million Added Income
GCC total
annual impact
$66 million
893
Jobs supported
Economic Impact of
Genesee Community College
in the GLOW Region
Sources of Economic Impact
Student Spending Impact
Impact of the daily spending of GCC students attracted to or retained in the region.
$2 million Added Income
Operations Spending Impact
Impact of annual payroll and other college operations spending.
$26 million Added Income
Alumni Impact
Impact of increased earnings of GCC alumni and the businesses they work for.
$57 million Added Income
Construction Spending Impact
Impact of expenditures for ongoing construction projects.
$1 million Added Income
GCC total
annual impact
in the GLOW Region
$86 million
1,163
Jobs supported
Average Earnings by Education Level at Mid-Career
$34,500
$43,400
The average associate degree graduate from GCC earns $8,900 more each year than someone with only a high school diploma in New York.
Source: Lightcast Economic Impact Study