Broward College Economic Impact Studies

Recent studies have highlighted the impact of Broward College on the economy and the earning potential of students who complete post-secondary programs offered by the institution.

Broward College Delivers a $2.4 Billion Economic Impact for Broward County

Broward College is a powerful engine for opportunity and economic growth in Broward County. A recent study by Lightcast shows that in 2023–24, the College generated $2.4 billion in added income for the local economy and supported 25,621 jobs—meaning one out of every 59 jobs in the county is connected to Broward College, its students, and its alumni. The impact is felt directly by graduates as well: students who complete their education at Broward College see an average increase in earnings of $8,100 each year, strengthening families, fueling the local workforce, and reinforcing the College's role as a smart investment for individuals and the community alike.

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The Florida Economic Security Report 2024

The Florida Economic Security Report, per section 445.07, Florida Statutes, provides information on employment and earnings outcomes for individuals who graduated from Florida's post-secondary educational institutions. Results presented in this report show variations in earnings, employment, election to continue education, and the proportion of public assistance recipients among graduates of Florida's three public educational systems. The average federal debt acquired by all students in a public postsecondary education institution (not just graduates) in the academic year 2020-2021 is also reported. The results show that the type of postsecondary credentials students earn and what they study matters.

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Florida TaxWatch Shows Value of a Broward College Education

A 2020 Florida TaxWatch report shows that students who earn a degree from Broward College substantially increase their earnings and quality of life upon graduation. The findings showed that for every $1 that a Broward College graduate spends on their education, they could expect to earn $6.63 in additional personal income over a working career. Among the other key findings, the report also found that the College provides students the best return on their investment and offers substantial economic impact across the county. It also underscores the importance of a college degree, whether an associate or a bachelor's degree, for graduates' lifetime earnings.

The Study was commissioned by the Broward College Foundation to independently assess the economic impact of the College and the value to students who complete its programs.

Dominic Calabro, president, and chief executive officer of Florida TaxWatch, in his assessment of the results, on its release in February 2020, stated, "Our analysis of Broward College found that not only are the College's graduates seeing lower student debt burdens and a nearly 10 percent return on the investment of their time and money, the College itself is producing a positive economic boost in South Florida with a total economic impact of more than $1.7 billion. As Florida continues to grow, Broward College is well-positioned to benefit and expand, providing increased returns to its students, the South Florida region, and the State of Florida."

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