Study says Technical College adds $129 million yearly to Beaufort economy

2070
Study says Technical College adds $129 million yearly to local economy

A recent economic impact report shows that The Technical College of the Lowcountry adds $129.3 million annually to our local Beaufort County economy.

According to a report published by the school, this represents the sum of several different impacts, including the College’s:

  • Operations spending impact of $18.4 million;
  • Construction spending impact of $383.5 thousand;
  • Student spending impact of $5.8 million; and
  • Alumni impact of $104.7 million.

“While TCL creates an economic impact through its operations, construction and student spending, the greatest economic impact of TCL stems from the added human capital – the knowledge, creativity, imagination, and entrepreneurship – found in its alumni,” said Richard Gough, TCL President.

The results of the study also found that for every $1 invested in the Technical College of the Lowcountry…

  • Students gain $6.00 in lifetime earnings.
  • Taxpayers gain $3.30 in added tax revenue and public sector savings.
  • Society gains $10.10 in added state revenue and social savings.

“The numbers above speak volumes,” Gough said. “But TCL’s impact on our alumni also goes far beyond increased skills and wages. Their personal gains run much deeper within. Their newfound confidence and renewed self-worth cannot be quantified or contained.”

No matter what way you look at it, one thing is clear: investing in TCL is a win-win for us all. See for yourself. Click here to read the full report, The Economic Value of the Technical College of the Lowcountry in Lower South Carolina.

 

TCL receives $2.2M grant to increase student success

TCL has been awarded $2,202,111 over five years to increase student engagement and achievement. The Title III Strengthening Institutions grant is funded by the U. S. Department of Education.
The Pathways to the Future: Increasing Persistence and Retention to Graduation grant will focus on three key areas.
The first, enhanced curriculum and instruction, will include the development of guided program pathways that are infused with workplace learning options. Students will be able to connect more directly to their career choice and receive more personalized student advising.
The second, expanded student support, will establish a one-stop Pathways Hub that will locate multiple functions in one place, offering services such as intake, coaching and advising, career assessment, and referrals to other campus resources.
The third component is a comprehensive technological system that integrates technology with services. For example, students will access electronic learning plans that clearly map their journey to completion with real-time communication. Plus an embedded early alert system will notify college personnel of students who are experiencing difficulty and need additional support.