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

  • Wold Completes Geothermal Projects at Two Minnesota Schools

    Wold Architects & Engineers recently announced that it has completed two geothermal expansion projects for Mounds View Public Schools in Shoreview, Minn., according to a news release. The work at Highview Middle School and Irondale High School serves the district’s long-term goal of reducing energy costs and dependency on non-renewable fuel sources, as well as improving building performance.

  • Rethinking K-12 Schools as a Continuous Learning Experience

    Most students move through three or more separate facilities during their K-12 journey, yet the built environments they encounter at each stage have traditionally been designed in isolation, with little continuity in spatial language, learning philosophy, or physical resources. Each new school is a reset with different layouts, learning models, expectations, and ways of moving through a building. The next generation of school design is making the case that the first day of kindergarten and the last day of high school can and should feel connected through common support systems and infrastructure in the physical environment.

  • Back-to-School Playground Safety: 7 Common Hazards to Look for After Summer Break

    As summer break comes to an end, school administrators have plenty to prepare before students return. While classrooms, hallways and common areas often receive attention during all the back-to-school preparations, the playground should not be overlooked. Months of weather exposure, storms, and regular wear can leave behind hazards that may not be immediately noticeable.

  • UCF Modernizes College of Hospitality Management

    The University of Central Florida in Orlando, Fla., recently completed a major renovation effort for the Rosen College of Hospitality Management, according to a news release. The project modernized 77,600 square feet worth of academic classrooms, teaching labs, and collaborative spaces to support both students and faculty.