Ivy Tech students return to the Fisher Building in downtown Muncie for the 2021 fall semester. Staff photo by Jordan Kartholl
Ivy Tech students return to the Fisher Building in downtown Muncie for the 2021 fall semester. Staff photo by Jordan Kartholl
MUNCIE— A recent study has revealed the positive economic impact Ivy Tech Community College makes on the state of Indiana, and takes a closer look at how the college's Muncie service area added jobs and income to the local economy.

Conducted by Emsi, the study outlines the return on investment that Ivy Tech makes to its major stakeholder groups, including students, taxpayers and the community. The analysis reflects a $3.9 billion cumulative annual impact through the state.

Emsi is a labor market analytics firm, bringing in data from a variety of sources to serve professionals in higher education, economic development, workforce development, talent acquisition and site selection. Since 2000, it has completed more than 2,000 economic impact studies for institutions.

Based on the 2018-19 fiscal year, the 2020 Ivy Tech Community College Economic Impact Report showed that the school system supported the equivalent of 1,505 jobs in Delaware and Henry counties alone.

Ivy Tech enrollment: Muncie's Ivy Tech system sees 40% increase in first-time students and a 4.6% jump overall

Ivy Tech alumni generate added income

According to a release, alumni have the greatest impact on the state, because of higher earnings and increased productivity of the businesses that employ them. Ivy Tech Muncie's alumni generated $59.8 million in added income for the county economy.

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