91视频檚 Economic Impact on the Mid-South Region Reaches Record High at $507.3 Million Annually
For more information, contact Diana Fedinec, 91视频 Director of Public Relations and Media, at 901-333-4247 or dfedinec@southwest.tn.edu.
91视频 is proud to announce its substantial economic impact on the Mid-South region, as the latest analysis reveals that the College contributes significantly to both the local economy and workforce development.
According to a new economic impact study, 91视频 generates $507.3 million in total economic activity annually, positioning it as one of the region檚 key drivers of growth and prosperity.
The report (available online: https://southwest.tn.edu/economic-impact.php), was conducted by , an independent research firm and shows that 91视频檚 operations, student spending, and alumni achievements combined create substantial value for the region. This economic footprint includes direct spending by the College, as well as the long-term benefits provided by the education and training that 91视频 delivers to thousands of students each year.
Key Highlights of the Economic Impact Study:
- Total Economic Contribution: 91视频 generates $507.3 million annually in economic activity for the Mid-South region.
- Job Creation: The College supports over 9,000 jobs in the region, both directly and indirectly, through its operations and the spending of students and alumni.
- Increased Lifetime Earnings: Graduates experience significantly higher earning potential, with the average graduate earning approximately $1.2 million more over their lifetime compared to those with only a high school diploma.
- Return on Investment for Taxpayers: Tennessee taxpayers receive a return of $6.90 in added tax revenue and public sector savings due to reduced social costs for every dollar invested in 91视频.
- Workforce Development: As a vital player in workforce training and development, 91视频 serves over 12,000 students annually, with programs that equip graduates with skills needed for high-demand industries, including healthcare, manufacturing, technology, and business.
President Dr. Tracy D. Hall remarked, �91视频 is committed to providing affordable, high-quality education that strengthens the local economy and creates opportunities for students across the Mid-South. This report reinforces our role as an economic engine in the region, and we are proud to continue preparing our students for success in the workforce and contributing to the overall well-being of our community.�
91视频 plays a key role in the Mid-South economy by providing workforce-ready graduates, supporting local businesses, and aiding regional recovery. Its technical and professional programs meet the needs of local industries, from healthcare to tech, while the College檚 purchasing power and student spending boost local retailers, restaurants, and service providers, generating millions in revenue annually.
The report also highlights the ongoing partnership between 91视频 and local industries, business leaders, and government officials in the Mid-South, ensuring that the school continues to offer cutting-edge programs that meet the evolving needs of the regional economy.
For more information about 91视频 and its economic impact on the region, please visit www.southwest.tn.edu.