Study Shows SCF Economic Impact of $432 Million
Business
SRQ DAILY FRIDAY WEEKEND EDITION
FRIDAY APR 20, 2018 |
An economic analysis of State College of Florida, Manatee-Sarasota’s (SCF) impact on its service area shows that the college has a total annual impact of $432.4 million. That impact represents 1.5 percent of the total regional economy. The college benefits local businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers. It enriches the lives of students by raising their lifetime earnings and helping them achieve their potential and SCF benefits state and local taxpayers through increased tax receipts and reduced demand for government-supported social services. EMSI, a leading provider of economic impact studies and labor market data to educational institutions, workforce planners and regional developers, developed this report for SCF.
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