Bethany College Adds to Economy

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

  • KI Wall Demonstrates New Solutions at NeoCon 2025

    KI Wall attended NeoCon 2025 in Chicago, Ill., last month to showcase its new architectural wall systems and collaborations, according to a news release. Its customizable, design-forward wall solutions are intended to support creativity in work, education, and healthcare environments.

  • University of Utah Launches Utah 360 App

    The University of Utah in Salt Lake City, Utah, recently announced that it has partnered with digital engagement hub Pathify to launch a new app for the university community, according to a news release.

  • Longwood University Selects Builder for $73M Performing Arts Center

    Longwood University in Farmville, Va., recently announced that it has selected Swedish construction company Skanska as the builder of its new performing arts center, according to online news. The project involves the demolition of the current building and constructing a new, 64,500-square-foot facility.

  • DLR Group Hires Higher Education Business Development Leader

    Integrated design firm DLR Group recently announced that Senior Associate Megan Todd will serve as its new Higher Education Business Development Leader, according to a news release. Her responsibilities will include building the firm’s reach and client relationships in the California higher education sector, based out of San Diego.

Digital Edition