The economic development impact of Indian Hills Community College
Monday, May 30, 2016
When a community has a post-secondary educational opportunity, it has a powerful force for economic development. Indian Hills Community College, with campuses in Centerville and Ottumwa, Iowa, recognizes its economic development potential, directly referencing it in the college’s 2011 Report to the Community:
“Indian Hills Community College positively affects the economy of our 10-county region. The college creates regional income through the earnings of its faculty and staff, as well as its own operating and capital expenditures. Salaries of staff members living in our 10-county area total more than $23.5 million. Adjusting for taxes and other monies withdrawn from the local community in support of Indian Hills – the IHCC Service Area will receive an estimated $32,218,000 in labor and non-labor income each year due to IHCC operations and capital spending.” (http://www.indianhills.edu/about/docs/community_report.pdf)
In addition to providing income for college faculty and staff, which flows into other areas of the community, Indian Hills Community College administers the Iowa New Jobs Training Program, which provides training funds to new and expanding businesses for the new jobs they create.
The Regional Economic Advancement office at Indian Hills Community College is devoted to improving the economic conditions of the college’s 10-county service area through numerous initiatives, including customized learning and contract training, the Regional Entrepreneurship Center, Small Business Development Center, and IowaWORKS. (http://www.indianhills.edu/community/rea.html)
And, of course, Indian Hills Community College contributes to the area’s economic development through its mission of higher education, providing the training people need to be successful in a variety of careers.
To find out more about Indian Hills Community College, including the educational programs offered, visit http://www.indianhills.edu/index.html.