OTC Economic Impact Study
An independent study details the economic and community impact of Ozarks Technical Community College. The study shows that OTC contributes more than $211 million each year to its community through a combination of college operations, student spending, and productivity of graduates in the workforce.
The $211 million annual economic impact is broken down into three factors. OTC alumni contribute $168.6 million in added regional income each year; this contribution is due to the higher earnings of former OTC students and the increased output of businesses. The college’s operations generate $31.6 million in net added income, while the spending of students who attend OTC from outside of the college’s service area generates $11.6 million; these two factors combine to provide a total of $43.2 million in income to the college’s service area economy each year.
The study of Ozarks Technical Community College’s economic and community impact was performed by Economic Modeling Specialists, Inc. EMSI provides socioeconomic impact and strategic planning tools for community and technical colleges throughout the United States and Canada.