THE ECONOMIC VALUE OF KCC
Kellogg Community College (KCC) demonstrated a powerful economic and social impact on the region in fiscal year 2023–2024, contributing significantly to local income, employment, and long-term community benefits.
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The Economic Value of KCC: EXECUTIVE SUMMARY
The Economic Value of KCC: FACT SHEET
FY 2023-24 Impact across Barry, Branch, Calhoun and Eaton Counties in Michigan
At a Glance:
$330.9M
Added to the
Regional Economy
4,399
Jobs Supported
(1 in every 40)
540
Faculty and Staff
Employed
FY 2023-24
Economic and Investment
Analysis
Economic Impact Breakdown:
Operations
$35.6M
Payroll and College Spending
in the Region
Construction
$0.6M
Short-term Capital
Investment Impact
Student Spending
$1.2M
Related Student Living Expenses
Alumni Impact
$293.5M
Higher Earnings of Former Students
Relative Contribution:
- ALUMNI $293.5M
- OPERATIONS $35.6M
- STUDENT SPENDING $1.2M
- CONSTRUCTION $0.6M
Return on Investment:
Students Gain
$4.00
in higher lifetime earnings
for every $1 invested.
Average annual return: 16.2%
Taxpayers Gain
$1.30
in added tax revenue and public savings per $1 invested. Average annual return: 2.1%
Society Gains
$7.40
in added income and social savings per $1 invested
THE ECONOMIC VALUE OF KELLOGG COMMUNITY COLLEGE | Source: Lightcast economic and investment analysis of Kellogg Community College, FY 2023-24. Figures represent present value where applicable.