Medicine Hat College (MHC) and its students added $168.9 million to the regional economy
last year according to a study conducted by Economic Modeling Specialists Intl.
The report, a
collaborative project of eight Alberta colleges, shows how students, taxpayers
and the community benefit from investing in post-secondary education.
“MHC was happy
to participate in this study. It offers significant insight into both the
social and economic benefits that students and taxpayers receive from their
investment in college education,” said Dr. Robert McCulloch, interim president
The study shows
that in 2011-2012 the Medicine Hat service region received approximately $44.5
million in added income due to the operations of the college, and the spending
of out-of-region students, and another $124.4 million in added income from
former MHC students who were active in the regional workforce through their
higher earning, and increased productivity of their employers.
“There are many
factors that lead to a healthy community and a thriving economy, we are happy
to be one of those contributing streams,” said McCulloch. “This information makes it clear that
education supports not only individuals but as well communities; so we are very
open to having discussions around how we can help ensure we continue to foster
a healthy regional economy.”
committed to working with the community to ensure the college offers programming
that benefits students and meets industry demand.
College was one of several institutions in the province which collaborated to
support the study. View some of the statistic released in the study of the economic impact of eight post-secondary institutions.
For Medicine Hat specific details, see below:
Impact on Regional Economy
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