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

  • Construction Begins on 100+ Acre K–12 Campus Designed for Lakota Culture

    The Cheyenne River Sioux Tribe (CRST) and the Cheyenne-Eagle Butte School District in Eagle Butte, S.D., recently broke ground on a new K–12 campus that will cover more than 100 acres and serve students and families across 1,600 square miles, according to a news release.

  • Wold Architects & Engineers Announces Acquisition of JJCA

    Wold Architects & Engineers, based in Minneapolis, Minn., recently announced that it has acquired JJCA, an architecture firm based in Nashville, Tenn., according to a press release. JJCA specializes in healthcare and education design; the partnership allows both firms to expand their presence across the country while building on existing strengths.

  • California District Opens New Robotics Center

    The Fremont Union High School District (FUHSD) in Cupertino, Calif., recently held a Grand Opening ceremony for a new, district-wide Robotics Center, according to a news release. The 14,500-square-foot facility was designed by Quattrocchi Kwok Architects (QKA); Landmark Constructors served as the builder and Blach Construction as general construction manager.

  • UT-San Antonio Begins Residence Hall Renovations

    The University of Texas at San Antonio recently began a $6-million renovation project to one of its residence halls, according to a news release. Originally completed in 1986, Chisolm Hall measures in at 120,860 square feet and is the oldest and largest residence hall on campus.