in added business income, $31.7 million in added income from college activities, as well as $19.2 million in social savings related to health, the justice system, and income assistance in Texas. People in Texas invested a present value total of $77.9 million in WCJC in FY 2022-23. The cost includes all the college and student costs. The benefit-cost ratio for society is 14.8, equal to the $1.2 billion in benefits divided by the $77.9 million in costs. In other words, for every dollar invested in WCJC, people in Texas will receive a cumulative value of $14.80 in benefits. The benefits of this investment will occur for as long as WCJC’s FY 2022-23 students remain employed in the state workforce. The study concluded that WCJC creates value from multiple perspectives. The college benefits regional businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers to the workforce. WCJC further enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. The college benefits state and local taxpayers through increased tax receipts and a reduced demand for government-supported social services. Finally, WCJC benefits society as a whole in Texas by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students. To review the entire report, visit the college’s website at wcjc.edu , click on “About” at the top of the homepage, and then click on WCJC Economic Impact Study from the menu on the left.
Reflects FY 2022-23 MARCH 2024
MARCH 2O24 eflects FY 2022-23
Wharton County Junior College Service Area
CJC total nual impact 22.4 million come
1,825 Jobs supported
+ 3 2 1 5 U
spending impact e daily spending of WCJC acted to or retained in the region
uy 1,469 ar’s worth million me
325 Jobs supported
OR
Investment analysis
Society gains $14.80 in added state revenue and social savings
300 $35,700
$40,700
$58,800
Sources: Lightcast Economic Impact Study; http://www.chicagotribune.com/news/opinion/commentary/ct-world-series-host-cities-economy-20151103-story.html/; https:// www.caranddriver.com/news/a38748092/new-car-average-sale-prices-47100/; https://fns-prod.azureedge.us/sites/default/files/media/file/CostofFoodAug2022LowModLib.pdf
WCJC’s service area is larger than its tax base
WCJC Service Area WCJC Tax District Includes Wharton County and Needville ISD
WHARTON | SUGAR LAND | RICHMOND | BAY CITY
by WCJC
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