Wednesday, January 18, 2017
Office of College Advancement
Ohlone College: Economic Powerhouse of the East Bay - Press Release, Office of College Advancement
Fremont, CA—Many people in Fremont, California, know about Ohlone College. The community college on Mission Boulevard that annually enrolls about 16,000 students, has a great theater, and is designated as one of the ten best community colleges in the state. Many also know about the college’s newer campus in Newark with a health science and technology focus of class offerings. But what people generally have no idea about is the great, positive impact Ohlone College has on the local economy.
In her State of the College Address to the faculty and staff this upcoming Friday, January 20, Ohlone College President, Gari Browning, Ph.D., will make sure everyone on campus knows the significant impact their work and the college has on the local communities of Fremont, Newark and Union City. As Dr. Browning states, “Ohlone is a great financial asset to the local community!”
As the college begins a year of celebration for their 50 years of service, it hired EMSI to perform an Economic Impact study. The results of this analysis have just been released in a 68-page report reflecting the benefits of the college are far greater than just affordable, quality education.
First and foremost, the report found the effect created by Ohlone College on Fremont, Newark, and Union City totaled $338.6 million in just one year, 2014-2015. In addition to the college’s 729 full-time and part-time employees, the college spent another $23.7 million to support day-to-day operations. Furthermore, students attending Ohlone from outside the district spent approximately $507,100 in the college district. The accumulated contribution of former students currently employed in the district workforce amounted to $291.2 million in added income during the analysis year.
Ohlone’s return on investment to students, taxpayers, and society is huge. Students gain $2.80 in increased future earnings for every $1 they invest in their education for an average annual return of 12.4%. State and local taxpayers spent $47.4 million to support Ohlone operations. The net benefit to businesses is $214.9 million for an annual average return on investment for taxpayers of 14.8%. Society as a whole will benefit from $47.2 million in savings related to reduced crime, lower unemployment, and increased health and well-being across the state. Just as significant, shared President Browning, “For every dollar society spent on Ohlone educations during the analysis year, society will receive a cumulative value of $13.40.”
If you, like many, only think of Ohlone as Fremont’s community college, you may want to adjust your perception a bit higher. As a school, as an employer, as a buyer of goods and service — and as a place where successful students learn and train for transfer and careers, it is indeed, an economic powerhouse of the East Bay region.
For more information about Ohlone College, go to www.ohlone.edu.