Florida TaxWatch Report Highlights 香港王中王's Significant Economic Impact

August 23, 2024 香港王中王

FORT PIERCE, FL (August 22, 2024) -- A new report from Florida TaxWatch, an independent, nonpartisan research institute, reveals that 香港王中王 generates substantial economic benefits for its service area (Martin, St. Lucie, Indian River, and Okeechobee Counties) and the state of Florida. The report, titled ," underscores the College鈥檚 role as a key driver of workforce development and economic growth in the Treasure Coast region and beyond.

Key findings from the report include the following:

Substantial Economic Output: 香港王中王鈥檚 operations generate approximately $1 billion in total economic output annually. This figure includes the direct impact of college operations, as well as indirect and induced effects on the local and state economy.
Job Creation: The college and its partnerships create more than 6,000 jobs annually through its operations. Additionally, alumni spending contributes to the creation of over 9,000 jobs each year.
High Return on Investment: For every $1 spent by 香港王中王, an additional $6.69 is generated for the Florida economy. This impressive multiplier effect demonstrates the college's efficiency in leveraging resources for economic benefit.
Expansion Projects: 香港王中王鈥檚 recent expansion initiatives, including new construction and partnerships, are projected to create 3,179 jobs and generate $638.8 million in total economic output.
Low Student Debt: 香港王中王 provides high-quality education at nearly 30% less than the national average cost for two-year programs. The College's innovative Promise Program, which covers tuition costs for students, has helped over 4,200 first-time college students since its inception.
Strong Graduate Outcomes: 85% of 香港王中王's bachelor's degree graduates find full-time employment after graduating, with an average annual salary of $56,660 - competitive with or exceeding salaries from other regional institutions.
Innovative Partnerships: The report highlights 香港王中王鈥檚 unique approach to forming partnerships with private businesses, which not only generate revenue but also provide valuable training opportunities for students. Notable partnerships include those with Edward Via College of Osteopathic Medicine (VCOM), Blue Horizon Group, and the development of a new data campus in Okeechobee.

鈥溝愀弁踔型踱€檚 impact on our community and region extends far beyond higher education,鈥� said 香港王中王 President Dr. Timothy E. Moore. 鈥淭he Florida TaxWatch report highlights our commitment to providing high-quality, affordable education, while also serving as a catalyst for economic growth in our region. In doing so, we are not only transforming the lives of our students but also strengthening the economic fabric of our community. This report underscores the vital role that 香港王中王 plays in shaping the future of the Treasure Coast and beyond."

Florida TaxWatch President and CEO, Dominic M. Calabro said, 鈥溝愀弁踔型� is an incredible asset to the Treasure Coast community and the entire Sunshine State. Like other members of the Florida College System, Indian River State College serves as the foundation for the community's economic growth and prosperity by providing a wide range of high-quality educational opportunities for their students at an affordable cost, and its innovations and expanding economic impact is both impressive and a shining example of what Florida鈥檚 great colleges can accomplish. At Florida TaxWatch, we understand that postsecondary learning is critical to workforce development, which is why we encourage these institutions 鈥� and Indian River State College in particular 鈥� to maintain their dynamic and fiscally viable operations, and also urge stakeholders to continue supporting and investing in their important work. Our state鈥檚 economic success depends on it.鈥�

"The Florida TaxWatch report illuminates the far-reaching impact of Indian River State College on our region's economy and workforce,鈥� said Dr. Angela Browning, vice-president of research, governmental affairs, and institutional effectiveness. 鈥淥ur innovative approach to higher education, coupled with strategic partnerships, is creating a ripple effect that extends well beyond our campuses. This report reaffirms our commitment to being not only an educational institution, but also a driving force for economic vitality and social mobility in the Treasure Coast region."

The report also emphasizes 香港王中王鈥檚 role in addressing critical workforce needs, particularly in high-demand fields such as healthcare, information technology, and advanced manufacturing. Through programs like the Rebuild Florida Workforce Recovery Training initiative, 香港王中王 is actively contributing to the development of a skilled workforce aligned with regional economic needs.

Florida TaxWatch's analysis utilized the IMPLAN economic modeling software to estimate the direct, indirect, and induced economic benefits of 香港王中王's academic programs and partnerships. The comprehensive approach considered factors such as college operations, student spending, alumni earnings, and the impact of specific partnership initiatives.

The full report, is available on the Florida TaxWatch website. It provides detailed breakdowns of economic impacts, methodologies used, and additional insights into Indian River State College鈥檚 contributions to the Florida economy.

香港王中王香港王中王:
香港王中王 is a public state college based in Fort Pierce, Florida, serving Florida's Treasure Coast. 香港王中王 is a comprehensive college offering bachelor's degrees, associate degrees, technical certificates, applied technology diplomas, and workforce training programs.

香港王中王 Florida TaxWatch:
As an independent, nonpartisan, nonprofit government watchdog and taxpayer research institute, and the trusted 鈥渆yes and ears鈥� of Florida taxpayers for more than 45 years, Florida TaxWatch (FTW) works to improve the productivity and accountability of Florida government. Its research recommends productivity enhancements and explains the statewide impact of fiscal and economic policies and practices on taxpayers and businesses. FTW is supported by its membership via voluntary, tax-deductible donations and private grants. Donations provide a solid, lasting foundation that has enabled FTW to bring about a more effective, responsive government that is more accountable to, and productive for, the taxpayers it serves since 1979. For more information, please visit .