Skip to main content
Add as a preferred source on Google

Bethany College Adds to Economy

  • 09/11/14

LINDSBORG, KS — According to a new study, Bethany College generates $15.4 million in new income each year for its region’s economy. The overall added income created by Bethany College and its students supports 396 job equivalents in its service area and visitors attending various Bethany events spent $1.3 million in the region.

The Bethany College economic impact study is part of a larger study, “Demonstrating the Economic Value of the Kansas Independent Colleges and Universities,” that specifically analyzed the contributions to the Kansas economy by the private colleges that would not otherwise occur if the colleges did not exist. The Kansas Independent Colleges Association released its statewide report last month.

“Bethany has always taken great pride in its positive contributions to the community and region,” President Edward F. Leonard III says, “But I think people will be very surprised when they see the actual impact that is detailed in this report.” Not only does Bethany make a positive impact on the regional economy, but the report also shows that it is a good investment for its students. According to the report, Bethany students receive $2.40 in higher future income for every $1 invested in their education. Other highlights of the study include:

  • The net impact of college payroll and expenses in the Bethany service area was approximately $7.9 million in added regional income.
  • The off-campus spending of Bethany’s out-of-region students was nearly $300,000 in income to the economy.
  • The accumulated contribution of former Bethany students employed in the regional workforce amounted to nearly $6 million in added income during the analysis year.
  • Society as a whole in Kansas will receive a present value of $32.3 million in added state income over the course of the Bethany students’ working lives.

“Of course as enrollment continues to grow, which requires us to hire more faculty and staff, our economic impact will only grow substantially higher over the next few years,” President Leonard adds.

The report was commission by the Kansas Independent College Association (KICA) and the research was conducted by Economic Modeling Specialists International (EMSI). The statewide KICA report can be found at www.kscolleges.org/economic-impact.html.

Featured

  • Campus Safety Requires Using Every Resource Available

    Across the U.S., school and campus leaders are facing a security landscape that has changed dramatically over the past decade. Incidents on school property have increased in recent years, with several consecutive years setting record totals. According to analysis of data by CNN, dozens of shootings now occur on school grounds annually across K-12 and higher education environments.

  • Embry-Riddle Completes Construction on Research, Lab Facility

    Embry-Riddle Aeronautical University (ERAU) in Daytona Beach, Fla., recently announced the end of construction on a new research and lab facility on campus. The Center for Aerospace Engineering II (CAT II) will support aerospace research and technology development and broke ground last summer.

  • Deferred Maintenance Issues Growing at Universities, Gordian Reports

    U.S. colleges and universities are falling increasingly behind on facilities maintenance and repair, according to Gordian’s 13th annual State of Facilities in Higher Education report. The deferred capital renewal burden has reached $156 per gross square foot, an 8% increase over the previous year.

  • Minnesota District Opens New PreK–12 School

    Gibbon-Fairfax-Winthrop Schools in Gibbon, Minn., recently announced that construction is complete on a new, $68.9-million school for students in grades PreK–12, according to a news release.