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

  • Uvalde Schools Receive AI Security Technology through Grant Program

    AI-powered gun detection and emergency response technology solutions provider Omnilert recently launched the Save Haven Grant program, according to a news release. The first recipient of the grant, aimed specifically at schools that have faced gun violence, will be the Uvalde Consolidated Independent School District (Uvalde CISD) in Uvalde, Texas.

  • Extron, CENTEGIX Partner for Comprehensive School Security Solution

    Professional audiovisual solutions provider Extron recently announced a partnership with CENTEGIX, which provides rapid incident response technology, to integrate two of their top products in the name of school safety.

  • Image courtesy of MiEN Company

    6 Ways to Pull Off a Major District Construction Project

    Designing and building a large-scale project on a K–12 campus is a monumental undertaking that requires the right blend of ideas, funding, design and execution to get it right. The process also relies on multiple partners, each of which has to handle its respective aspect of the project while also keeping the district’s broader mission and goals in mind.

  • S4L Launches 2025 Facilities and Construction Brief Survey

    Spaces4Learning recently launched its 2025 Facilities and Construction Brief Survey, which gathers information on K–12 and higher education construction projects nationwide from the previous year. The data we get from you, our readers, forms an industry report offering an overview of current trends in school facilities.

Digital Edition