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Economic Impact of the Kentucky Community and Technical College System

Reflects Fiscal Year 2022-23 

About KCTCS 101,521 Credit Students 21,002 Non-credit students 7,139 Employees

Economic impact analysis

1 out of every 49 jobs in kentucky is supported by the activities of the colleges and their students

Alumni Impact: impact of the increased earnings of KCTCS alumni and the businesses they work for an economic boost similar to hosting the Superbowl 10X 3.6 billion added income 46,863 jobs supported

Operations spending impact: impact of annual payroll and other spending 241.8 million added income enough to buy 5,136 new cars or 6,724 jobs supported

Student spending impact: impact of the daily spending of KCTCS students attracted to or retained in the state 47.7 million enough to buy 3,854 families a year's worth of groceries or 325 jobs supported

A Map of Kentucky

KCTCS total annual impact $3.9 billion added income or 54,061 jobs supported

 

Construction spending impact: impact of expenditures for ongoing construction projects $6.8 million added income or 148 jobs supported

KCTCS impact by industry (jobs supported) 8,123 Health Care & Social Assistance 5,460 Construction. 5,311 Retail Trade 4,446 Other Services (Except Public Administration) 3,374 Government, Non-Education

 

Investment Analysis

For every $1... Students gain $6.50 in lifetime earnings The average associate degree graduate from KCTCS will see an increase in earnings of $9,900 each year compared to someone with a high school diploma working in Kentucky. Taxpayers gain $2.30 in added tax revenue and public sector savings < high school $25,000 high shcool $32,000 certificate $36,000 associate 42,100 Bachelor's 58,200

additional resources

lightcast logoEconomic Impact Study conducted by Lightcast in January 2024. Results of the analysis reflect Fiscal Year (FY) 2022-23 and includes all 16 of the colleges in the Kentucky Community and Technical College System.

REFLECTS FISCAL YEAR 2022-23

About KCTCS

  • 101,521 Credit Students
  • 21,002 Non-credit students
  • 7,139 Employees

KCTCS Service Area, KY

KCTCS serves all of the counties in Kentucky 

KCTC Total Annual Impact

$3.9 billion added income or 54,061 jobs supported

Construction Spending Impact

$6.8 million added income or 148 jobs supported

Economic Impact Analysis

1 out of every 49 jobs in Kentucky is supported by activities of the colleges and their students

Alumni Impact

Impact of the incresed earnings of KCTCS alumni and the businesses they work for

$3.6 billion added income

An economic boost similar to hosting the Super Bowl 10x or 6,724 jobs supported

Operations Spending Impact

Impact of annual payroll and other spending

$241.8 million added income enough to buy 5,136 new cars or 6,724

Student Spending Impact

Impact of the daily spending of KCTCS students attracted to or retained in the state

Enough to buy 3,854 families a year's worth of groceries or 325 jobs supported

KCTCS's Impact by Industry

  • 8,123 Health Care & Social Assistance
  • 5,460 Construction
  • 5,311 Retail Trade
  • 4,446 Other Services (except Publich Administration)
  • Government, Non-Education

Investment Analysis

For evey $1...

Students gain $6.50 in lifetime earnings

The average associate degree graduate from KCTCS will see an increase in earnings of $9,900 each year compared to someone with high school diploma working in Kentucky

Taxpayers gain $2.30 in added tax revenue and public sector savings

  • < High School: $25,000
  • High School: $32,000
  • Certificate: $36,300
  • Associate: $42,100
  • Bachelor's: $58,200

Society gains $9.20 in added income and social savings