The economic impact of Hesston College is estimated at $26.5 million

The Kansas Independent College Association (KICA) released the results of a study that estimates Hesston College’s impact on the statewide economy at $26.5 million and 208 jobs.

The study was conducted by Parker Philips, a nationally recognized consulting firm specializing in economic impact analysis. Nichole Parker, Senior Partner at Parker Philips, said: “Economic impact is an objective way of measuring the importance of an organization to a regional economy, and Hesston College is clearly a major contributor to the regional economy.”

“We at Hesston College strive to contribute to our community, region, state, and indeed the world in many ways, but most importantly through the lives of our students and alumni and their work to improve the world for those around them,” said Hesston College’s president. Dr. Joseph Manickam. “It’s an honor to see our efforts also contribute in a very real way to the strength of our local and state economy.”

In the analysis, the study considered Hesston College’s direct expenditures for operations, salaries, benefits and capital projects, and the estimated increase in demand for goods and services in the industries that supply or support the college. The study also measured the impact of student spending and the induced effect of increased household income.

According to the study, a key result of this activity is that Hesston College supports and sustains 208 jobs, including direct employment at the college as well as indirect and induced jobs in the community. These indirect roles include jobs supported by contract operations, student and visitor expenses. Some examples may include positions in daycare centers, restaurants, banks, and retail establishments.

“Hesston College brings an influx of individuals to the community each year through its student population, faculty members, parents and family members visiting campus and athletic teams traveling to the community,” said Megan Smith, executive director of the Hesston Chamber of Commerce. . “Alumni and visitors can stay overnight while visiting campus, grab lunch or fuel while in town, or visit one of our retail stores. In these ways and more, Hesston College is a significant contributor to economic activity in Hesston.

The study further estimated the value of the increase in economic activity due to Kansas graduates. More than 600 Hesston College alumni living in Kansas generate $7.1 million in annual economic impact, support and sustain 44 jobs, and contribute $439,970 in state and local taxes annually. These numbers are based on the added value of earning a degree or credential from Hesston College, not full graduate wages.

In addition to American students and alumni, Hesston College’s international students also have an economic impact. According to the National Association of International Educators (NAFSA), international students at Hesston College contributed $2 million and created 9 jobs in the 2020-21 academic year. This ranks Hesston College twelfth among colleges and universities in the state of Kansas.

“While economic impact is not our goal in seeking international students,” said Director of International Admissions John Murray, “to see such a significant contribution to our broader community compared to other colleges and universities in the state of Kansas is a wonderful endorsement of the international student program at Hesston College.

According to KICA’s statewide report, all private, not-for-profit colleges and universities, including all 20 members, plus the spending of its faculty, staff and students, had a total statewide economic impact of $1.1 billion. This activity created an estimated 8,271 jobs in the state.

The Economic Impact Report for Hesston College is available at hesston.edu/economicimpact.

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