Haviland, KS — October 27, 2022 – Kansas Independent College Association (KICA) released the results of a study that estimates the impact of Barclay College on the statewide economy to be $15.4 million and 102 jobs.
Mark Miller, Vice President of Institutional Advancement at Barclay College said, “Our faculty and staff are committed to our mission and the success of our students, but it is important to remember that Barclay College also plays a vital role in both the state and the regional economies. Our operations and the economic activity generated by our faculty, staff, and students touch virtually every corner of our local economy including education, hospitality, child day care services, and retail.”
The study was commissioned by Parker Philips, a nationally recognized consulting firm specializing in economic impact analysis. Nichole Parker, a principal partner at Parker Philips, said, “Economic impact is an objective way to measure the significance of an organization in the regional economy. Barclay College clearly is a major contributor to the regional economy.”
In the analysis, the study considered the direct spending on operations, pay, benefits, and capital projects by Barclay College and the estimated increase in demand for goods and services in industry sectors that supply or support the Barclay College. The study also measured the effect of student spending and the induced effect of increased household income.
According to the study, a key result of this activity is that Barclay College supports and sustains 102 jobs including direct employment by the college as well as indirect and induced jobs created by supply and equipment vendors, contractors, and laborers for the construction and renovation of facilities, and jobs created in the community at hotels, restaurants, and retail stores in support of the college’s faculty, staff, students, and visitors.
The study also calculated tax revenues generated by this level of economic activity, including sales, property, personal income, and corporate income taxes. The study concluded that Barclay College generates about $726,441 in tax revenues for state and local government.
The study further estimated the value of the increase in productivity that the 29 undergraduate and 11 graduate degrees awarded by the college during the 2021-2022 academic year will continue to yield economic impact throughout the careers of the graduates. Miller said, “Barclay College makes a long-term contribution to the regional economy with every graduating class because the productivity invested from higher education lasts for the worker’s entire career.”
Statewide, all private, nonprofit 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 generated an estimated 8,269 jobs in the state. For more information on the study see: https://kscolleges.org/news/621289/Kansas-Independent-Colleges-and-Universities-Drive-1.1-billion-of-States-Economy.htm