IMPACT 901: Making a $126.6 Million Mark on the Mid-South Economy
Welcome to Impact 901, our site that provides an in-depth perspective on the economic value and impact of Southwest Tennessee Community College.
The value of Southwest Tennessee Community College influences both the lives of students and also the regional economy. The college serves a range of industries in the Southwest service area, supports local businesses, and benefits society as a whole in Tennessee from an expanded economy and improved quality of life.
The benefits created by Southwest even extend to the state and local government through increased tax revenues and public sector savings.
The Economic Value of Southwest Tennessee Community College study investigates the economic impacts created by Southwest on the business community and the benefits that the college generates in return for the investments made by its key stakeholder groups— students, taxpayers, and society. The region the college serves is defined as the Mid-South and consists of Shelby and Fayette Counties. The following two analyses are presented:
- Economic impact analysis
- Investment analysis
All results reflect student and financial data for Fiscal Year (FY) 2016-17. Impacts on the regional business community are reported under the economic impact section. Results are measured in terms of added income. The return on investment to students, taxpayers, and society are reported under the investment analysis.
Exploration of these pages will reveal how Southwest creates value from multiple perspectives. You will discover that Southwest
- generates more tax dollars than it takes,
- retains and creates wealth, and
- is a great investment with returns better than the stock market.
Southwest benefits local businesses by increasing consumer spending in the region and supplying a steady flow of qualified, trained workers into the workforce. It enriches the lives of students by raising their lifetime earnings and helping them achieve their individual potential. The college benefits state and local taxpayers through increased tax receipts across the state and a reduced demand for government-supported social services. Finally, Southwest benefits society as a whole in the Mid-South and the state of Tennessee by creating a more prosperous economy and generating a variety of savings through the improved lifestyles of students.
Dr. Tracy D. Hall, President
President Tracy D. Hall
Past and present Southwest students generated $45.1 million in added income for the region, enough to support 632 jobs.
Around 4% of credit students originated from outside the region, some of whom relocated to the Mid-South to attend Southwest.