Economic Impact of Independence Community College

In FY 2021-22, ICC added $39.1 million in income to the ICC Service Area* economy, a value approximately equal to 1.6% of the region’s total gross regional product (GRP). Expressed in terms of jobs, ICC’s impact supported 965 jobs. For perspective, the activities of ICC and its students support one out of every 28 jobs in the ICC Service Area.

In return for their investment, students will receive a cumulative present value of $40.6 million in increased earnings over their working lives. This translates to a return of $8.70 in higher future earnings for every dollar students invest in their education. Students’ average annual rate of return is 26.4%.

The study was conducted by Idaho-based Lightcast (formerly Emsi Burning Glass), which performed its analysis based on data from FY 2021 (July 1, 2020 through June 30, 2021).