Broward College has a dynamic effect on the community it serves. Specifically, Broward County, the region and the state of Florida receive concrete and direct economic benefits from Broward College, its graduates, its faculty and staff and its programs that result in a total economic impact of $1 billion — representing 1.5% of the total regional economy and roughly 23,340 average-wage jobs.
A December 2012 report from Economic Modeling Specialists, Inc., details the significant role Broward College plays in the local and regional economy:
- Students benefit from increased earnings and improved lifestyles.
- Taxpayers benefit from a larger economy and lower social costs.
- The community as a whole benefits from increased job and investment opportunities, higher business revenues, greater availability of public funds and an eased tax burden.
The report provides a look at the investment from the student, social and taxpayer perspectives as well as a economic growth analysis that includes the effect of college operations, student spending, productivity and transfer.
The material from the report is available in three documents:
Economic Impact Fact Sheet (1 page)
A single page of key facts and highlights from the Broward College Economic Impact Study.
Economic Impact Main Report (83 pages)
The complete, detailed Broward College Economic Impact Study in four chapters and seven appendices. Chapter 1 provides an overview of Broward College and the regional economy. Chapter 2 presents the investment analysis results from the student and taxpayer perspectives. Chapter 3 considers the impact of Broward College on economic growth in Broward County. And, Chapter 4 provides sensitivity analyses of some of the softer variables.