Economic Impact

Economic Impact

​​​​​​COTC’s Positive Economic Impact Felt Throughout Central Ohio ​

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Central Ohio Tech​nical College is pleased to share result​​s from a recent Economic and Fiscal Impact Analysis, conducted by an independent firm, Impact Data Source.

According to the research study, during fiscal year 2011-2012, COTC and Ohio State Newark employed a total of 688 faculty and staff, paid $32.7 million in wages and benefits and spent $9.8 million in other operating expenditures. Students attending the shared campus received more than $31.3 million in financial aid in the form of scholarships and loans, combined. In short, the impact of the shared campus of COTC and Ohio State Newark is greater than the in​​stitutions' direct spending and employment, overall. Expenditures spur additional spending, setting in motion a chain reaction of additional indirect and induced spending, according to the study. These economic ripple effects impact the local economy in quantifiable ways.

Our work involves so many people, and the result of our work is both rewarding and interesting when we look at the broad scope, as well as the individual impact,” stated Bonnie L. Coe, Ph.D., COTC President.   “It matters to us in terms of every life that is enhanced, as well as the myriad of businesses and organizations throughout the region who benefit from the patronage of our employees, students, and graduates.
COTC Economic and Fiscal Impact inforgraphic
In total, combining direct, indirect and induced economic impacts, the institutions supported 954 jobs, $46.8 million in workers’ earnings and $77.8 million in economic output or sales in Licking County​, according to the study.

In total, combining direct, indirect and induced economic impacts, the institutions supported 954 jobs, $46.8 million in workers’ earnings and $77.8 million in economic output or sales in Licking County, according to the study.
It is worth noting that, in addition, the socioeconomic benefits to higher education can be summarized by a better life for the individual and reduced costs to society. As outlined in the study, the more education an individual obtains, the more likely they will become a productive member of society. Investments made in education, by individuals and as a community, will pay dividends now and in the future.​​

 Popular Pages

 

 

Workforce Development Innovation Centerhttp://webprod.cotc.edu/Communities/Pages/Workforce-Development-Innovation-Center-(2).aspxWorkforce Development Innovation Center
Lifelong Learning Institutehttp://webprod.cotc.edu/Communities/Pages/Lifelong--Learning-Institute.aspxLifelong Learning Institute
Institutional Planning http://webprod.cotc.edu/Communities/Pages/Institutional-Planning--.aspxInstitutional Planning
Development Spotlighthttp://webprod.cotc.edu/Communities/Pages/Development-Spotlight.aspxDevelopment Spotlight
The Office of Institutional Research and Effectivenesshttp://webprod.cotc.edu/Communities/Pages/Institutional-Research-and-Effectiveness.aspxThe Office of Institutional Research and Effectiveness

 Recent Documents

 

 

17 Global Awards nomination formhttp://webprod.cotc.edu/Communities/Documents/17 Global Awards nomination form.pdf17 Global Awards nomination form
Agenda 09-19-17http://webprod.cotc.edu/Communities/Documents/Agenda 09-19-17.pdfAgenda 09-19-17
17 Global Conference 1 page overview w adhttp://webprod.cotc.edu/Communities/Documents/17 Global Conference 1 page overview w ad.pdf17 Global Conference 1 page overview w ad
17 GBC front-back with speakers and sessionshttp://webprod.cotc.edu/Communities/Documents/17 GBC front-back with speakers and sessions.pdf17 GBC front-back with speakers and sessions
17 GBC front-back with speakers and sessions MASTERhttp://webprod.cotc.edu/Communities/Documents/17 GBC front-back with speakers and sessions MASTER.pdf17 GBC front-back with speakers and sessions MASTER

 Other Pages

 

 

Givinghttp://www.cotc.edu/Communities/Pages/Give-to-COTC.aspx GivingFalse
Campus Locationshttp://www.cotc.edu/Discover/Pages/Campus-Locations.aspx Campus LocationsFalse
Where Education Workshttp://www.cotc.edu/Discover/Pages/Education-that-Pays.aspx Where Education WorksFalse
Economic Impacthttp://www.cotc.edu/Communities/Pages/Economic-Impact.aspx Economic ImpactFalse
The Reese Centerhttp://www.cotc.edu/Communities/Pages/The-John-Gilbert-Reese-Center.aspx The Reese CenterFalse