Clinton Community College Study Reveals Significant Economic Impact

Clinton Community College Foundation (CCCF) commissioned Economics & Finance Professor Colin Read, PhD, at the State University of New York at Plattsburgh to assess its economic contributions to the Clinton County economy. The study sheds light on CCC's profound impact on local economic development having a direct economic impact of $13.9 million and indirect impact of $48.1 million dollars annually.

"These findings underscore the indispensable role of Clinton Community College in driving economic prosperity and fostering community well-being," said Dr. John Kowal, President of CCC. "We are committed to continuing our mission of providing accessible education and workforce development opportunities while contributing to the economic vitality of Clinton County."

Professor Read highlighted CCC's pivotal role in producing graduates who meet the demands of key sectors in the local economy. Notably, CCC excels in graduating students in high-demand fields such as nursing, human services, computing, and information technology, filling gaps where alternative training is scarce or expensive.

Expansion of the Local Tax Base:  Despite being funded by modest tuition rates, state appropriations, and support from the Clinton County legislature, CCC significantly contributes to state and local tax revenues, totaling $3.7 million annually. Notably, this surpasses the contribution made by the County Legislature to CCC's operations.

Direct Stimuli from Payroll and Spending: The report reveals that CCC's payroll and spending generate significant direct stimuli to the local economy, leading to the creation of additional jobs both locally and in the broader economy. In total, CCC's operations support 121 jobs and contribute $13.9 million annually to the Clinton County economy. The study goes beyond assessing the jobs directly created by CCC's payroll, also considering the broader economic effects of CCC spending and the increased earning potential of its graduates. Dr. Read calculated those students who graduated from CCC and stayed in the region had increased incomes at $48.1 million dollars and 638 jobs compared to those who did not earn a degree.  CCC's success in retaining locally derived graduates, with a majority choosing to stay in the county after graduation, distinguishes it from other educational institutions in the region.

Long-Term Benefits of Educational Programs:  Even when focusing solely on the average graduation rate over the past five years, the study found that for every job CCC creates in faculty and staff, an additional nine jobs are generated in the county. This translates to a total output value of $89 million and 765 jobs in Clinton County.  Moreover, the report examines the long-term benefits of CCC's educational programs, particularly in enhancing the earning potential of its graduates. By benchmarking the increment to earning potential compared to individuals with only a high school diploma, the report highlights the substantial economic value created by CCC degrees. This translates to the creation of 638 local jobs and $48.1 million in annual payrolls.

Non-Graduate Impact:  Furthermore, the study recognizes the additional benefits accrued to the local economy from students who take occasional courses or pursue programs but do not graduate. These students still enhance job skills, leading to job satisfaction and positively correlating education with job and life satisfaction. Moreover, a more educated population tends to have a lower crime rate and higher rates of wealth accumulation and property values, augmenting CCC's economic impact.

Community Engagement:  Additionally, CCC's faculty and staff play a crucial role in community engagement, contributing thousands of hours of volunteer service and further enriching the fabric of the local community.

Colin Read's report summarizes these contributions Clinton Community College makes to the Clinton County economy.