Northern Colorado Public Colleges and Universities Economic Impact Study Released

The Fort Collins Area Chamber of Commerce is an advocate of higher education. On February 25, 2020, the Chamber hosted an event where a major study was released showcasing the return on investment for students and Colorado taxpayers. Members of the audience included Northern Colorado Prospers investors, area business leaders, Leadership Northern Colorado class members and alumni and Northern Colorado Legislative Alliance Board Members.

The economic impact study shows the four public colleges and universities in Northern Colorado (Aims Community College, Colorado State University, Front Range Community College and the University of Northern Colorado) added $3.9 billion in income to the economy of Larimer and Weld Counties and supported one of every eight jobs in the region in the fiscal year 2017-18.

Additional highlights and the impact:

  • NoCoPCU Total Annual Impact: $3.9 billion added income
  • 50,594 jobs supported
  • 1 out of every 8 jobs in Larimer and Weld counties is supported by the activities of the institutions and their students
  • For Every $1…
    • Students gain $3.20 in lifetime earnings
    • Taxpayers gain $4.00 in added tax revenue and public sector savings
    • Society gains $5.20 in added state revenue and social savings

“It’s been long known the colleges and universities are important to our region’s economy. These numbers make that very clear,” said David May, Fort Collins Area Chamber of Commerce President & CEO. “Not only are these strong entities critical to the economic viability of our state and region, but they are also creating an emerging workforce, driving research and innovation and are integral to the economic foundations of our northern Colorado Area.”

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