INDIANAPOLIS (Inside INdiana Business) — A new study conducted by Emsi, a labor market data company, indicates Ivy Tech Community College has an annual economic impact of $3.9 billion throughout the state. The study, based on 2018-29 data, focuses on job creation, salaries, and increased business productivity, among other factors.
The 2020 Ivy Tech Community College Economic Impact Report shows the college supports the equivalent of nearly 57,000 jobs of which nearly 7,500 are full or part time faculty and staff. Ivy Tech says payroll accounts for about $300 million.
Emsi’s study shows alumni have the greatest impact on the state because of higher earnings and increased productivity of the businesses that employ them. According to Emsi data, in FY 2018-19, Ivy Tech alumni generated $3.6 billion in added income for the state economy.
“Ivy Tech’s impact goes well beyond the benefits students…