The purpose of this study is to ascertain and describe the impact of Northwest Alabama State Junior College on the economy of Franklin, Lawrence, Marion, and Winston Counties. Real dollar economic impact is reflected by the expenditures of the college and its faculty, staff, and students. These expenditures, totaling $5,699,746 in 1973, create…

Two studies of the economic impact of the college on the community conducted at two very different colleges in Alabama suggest that the most meaningful impact studies should try to measure and consider the human development impact of the college on the community as well as economic factors. (JG)

The total economic impact of a college on its community includes the benefits the community receives and the costs it incurs. The benefits can be classified into the tangible dollar expenditures of people associated with the college and the intangible benefits of human resources development. Costs often include alteration of neighborhoods and…

Colleges and their surrounding communities have a supplier/consumer relationship--in exchange for the use of tax-exempt land and tax-supported services, the college acts as a cultural and educational center that provides the community with social and economic benefits. However, in times of a declining economy, this symbiotic relationship is not…