The Role of Community Colleges in Economic Development

The Role of Community Colleges in Economic Development Steve Griffitts, President Joe Dunlap, Ed. D. , President

Jobs Plus – Mission To expand diversify the economic and employment base of Kootenai County while maintaining the quality of life synonymous with Kootenai County

North Idaho College – Mission To meet the diverse educational needs of students, employers, and the northern Idaho communities it serves through a commitment to student success, educational excellence, community engagement, and lifelong learning.

Idaho Community College Mission Community colleges are an integral and vital component of higher education in Idaho community colleges provide the citizens with highquality, accessible, affordable, educational opportunities that minimize barriers to post-secondary education, maximize student success, develop a competent workforce, and improve the lives and well being of the people in the state and communities they serve.

The purpose of the relationship between North Idaho College and Jobs Plus is to fulfill the mission of improving the quality of life in North Idaho.

Principles of Economic Development �Improve quality and wealth of a community �Compelling vibrant vision �Workforce development �Flexibility �Be proactive – deliver what you say you will

Role of Community College �Traditionally recognized for vocational education and fulfillment of job training �Today widely recognized for providing: �management and technical assistance for new and small businesses �tech-prep programs with high schools �cooperative education programs �partnerships with states in economic development activities �contract or customized training for industry �Future roles

Economic Development Examples �Internally driven �College of Aviation Science, Western Michigan University �Externally driven �Avista Entrepreneurship Program �Partnership driven �Aerospace Center of Excellence in Aviation Maintenance and Advanced Manufacturing � $3 million grant � More than 500 new jobs by 2015 – average salary of $43, 500 � $28. 8 million annual impact to the local economy

Jobs Plus Strategies �Retaining quality companies already operating in Kootenai County �Recruiting companies to our area that sell on a national or international basis, are not location dependent, offer strong wages and benefits and are respectful of our environmental concerns �Reduce property tax in communities

Jobs Plus Impact � 93 Companies Since 1987 � 5, 445 Jobs Created � $54 Million in Property Taxes Paid � 2011 � $4. 9 Million in Property Taxes Paid � Five Companies �Job Retention/Existing Companies

Jobs Plus Impact �Overall Job Growth (Feb. 2011 to Feb. 2012) � 2, 200 �Diverse Sectors • Healthcare • Wholesale Trade • Manufacturing • Construction • Leisure & Hospitality • Professional & Business Services

North Idaho College Strategies �Improving access �E-learning �Dual credit �Alignment �Partnering with business and industry �Collaborative efforts of Idaho community colleges �Accountability �Engaging community stakeholders in strategic planning

North Idaho College Impact �Benefit/cost ratio for taxpayers 1. 5 �includes students’ ultimate investment in region as wage earners �Faculty and staff (employees) investment in the region �Spending by students from outside the region �Higher income of former students who are still active in the regional workforce �Overall annual economic impact for region - $164 million

North Idaho College Impact �Enriches the lives of students �Increases students’ lifetime income �Generates government revenue �Reduces the demand for social services �Contributes to the growth of the economy

Drivers Impacting the Economy �Coeur d’Alene Tribe � 2, 700 Employed �$309 Million Economic Impact �Millions Invested in Expansion �Kootenai Health � 1, 892 Employed �$275 Million Economic Impact �Manufacturing Leadership � 7, 000 Employed �$42 Million Annual Wages/Benefits

Drivers Impacting the Economy �Aerospace Cluster �Empire Airlines � 326 Employed �Hagadone Corporation � 2, 300 Employed �Tens of Millions in Investment in 2011 �Solarwinds (Tri-Geo) �Security Software �Infancy to Sale

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