Economic Impact
As shown in the highlights below, a 2007 study found that College of the Rockies has a significant economic impact on its college region.
- Students enjoy an attractive 13% annual return on their investment of time and money.
- For every $1 the students invest in COTR, they receive a cumulative of $2.40 in higher future earnings over the course of their working careers (after discounting).
- Taxpayers see a real money return of 21% on their annual investments in COTR.
- The Province of British Columbia benefits from improved health and reduced welfare, unemployment, and crime, saving the public some $649,800 per year each year that students are in the workforce.
- The COTR Service Area economy receives roughly $133.8 million in income each year due to the annual activities of COTR and the cumulative effects of its past students. This figure amounts to 4.3% of total income in the regional economy.
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Famous quotes containing the words economic and/or impact:
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—Franklin D. Roosevelt (1882–1945)
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—David Thomson, U.S. film historian. America in the Dark: The Impact of Hollywood Films on American Culture, ch. 8, William Morrow (1977)