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Economic Impact

Added Income

Education Pays Back "NIC plays a significant role in the local economy and is a sound investment from multiple perspectives. Students benefit from improved lifestyles and increased earnings. Taxpayers benefit from a larger economy and lower social costs. Finally, the community as a whole benefits from increased job and investment opportunities, higher business revenues, greater availability of public funds, and an eased tax burden."

– EMSI report

  • Overview Handout

Reading the Report

In this study, EMSI applies a comprehensive model designed to quantify the economic benefits of community and technical colleges and translate these into common sense benefit/cost and investment terms. The study includes two major analyses: Investment Analysis: Treats education funding as an investment, calculating all measurable returns and comparing them to costs, from the perspectives of students, taxpayers, and society as a whole. Economic Growth Analysis: Measures added income in the region due to college operations, student spending and the accumulated skills of past and present students still in the workforce.

  • Business Perspective
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North Idaho College
1000 W. Garden Ave.
Coeur d'Alene, ID 83814 USA
(208) 769-3300
(877) 404-4536

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