Pine Technical College released the results of a research study that estimates the annual economic impact of PTC on the regional economy to be $29 million. The study, “The economic impact of Pine Technical College,” was conducted by Wilder Research, a nationally recognized source of data used by state and local planners, policymakers and service providers.
Jose Diaz, research scientist for Wilder, said in a news release, “This economic impact research provides a statistically valid measurement of the significance of an organization’s activities on the regional economy. Policy makers and community leaders can use the data to inform their decisions. Pine Technical College clearly has a significant impact on the regional economy.”
The study further estimated, based on the East Central region's economy of $4 billion, for every $100 produced in the region, $1 is directly or indirectly related to PTC. The direct impact of the college in 2011 was $21 million, while the indirect impact in other industries was $8 million.
“Pine Technical College makes a long-term contribution to the regional economy with every graduating class because the productivity improvements from higher education last for the worker’s entire career,” explains Diaz.
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