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F S C J ’ S S O C I O E C O N O M I C I M PA C T

ON

Our Communities W

hat is the total economic impact of Florida State College at Jacksonville, if you consider all of its activities and those of its former students in its service area, Duval and Nassau counties? According to a study produced by Economic Modeling Specialists Intl. (EMSI) for the Florida College System Council of Presidents ... $1.6 billion annually. On its own, Florida State College at Jacksonville contributes a total of $136 million just in income to Duval and Nassau counties each year.

Specific to FSCJ and the return on investment, the EMSI report determined that: •

Students benefit from a 17.6 percent rate of return on their investments in FSCJ.

• •

On average, an FSCJ student’s income increases by $6.60 for every dollar invested in FSCJ. Society benefits from the higher earnings – and the expanded tax base – an educated workforce brings, which in FSCJ’s case amounts to about $231.8 million each year.

ADDED INCOME College operations effect .......... $123,498,000 Student spending effect .............. $12,527,000 Total spending effect .....................$136,025,000 Student productivity effect ............$1,497,429,000 GRAND TOTAL ......................... $1,633,454,000

The average annual added income due to the activities of FSCJ and its former students equals $1.6 billion, approximately equal to 3.3 percent of the total FSCJ service area economy.

Annual Report 2012-2013  
Annual Report 2012-2013  

Florida State College Foundation Annual Report

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