EWC's Economic Impact on Goshen County
In 2001-02, Eastern Wyoming College's $10.6 million budget generated more than $19,000,000 in estimated total economic activity within Goshen County, using conservative multipliers.
Through direct spending on goods and services (approximately $5,400,000), EWC and its employees induced more than $13,800,000 in indirect expenditures within the Torrington area.
As the second largest employer in Goshen County, EWC's 239 faculty, staff, administrators, and student employees (129 of whom work part-time) were paid a total of $4,400,000 in wages and salaries during 2001-02. Spending by EWC employees generated $7,900,000 in indirect expenditures, which brings the total expenditures attributable to EWC's employees to over $12 million.
EWC employees and their families personally paid almost $68,000 in sales and property taxes in 2001-02 that benefitted both state and local governments, including Eastern Wyoming College. After allowing for the multiplier effect, the total tax revenue impact was $283,299.
EWC supported a total population of 429 individuals in the community (excluding college students), an enrollment of 69 students in K-12 schools, and 173 separate households. Employees' children generate additional revenue for local school districts, which roughly matches the cost of their education.
As an institution, EWC supported a total of 111 indirect jobs through its impact on the community and surrounding area.
In Academic year 2001-02, approximately 83% of EWC's revenues of $9.7 million came from sources outside the Goshen County area
Aside from tuition, fees, and books, a typical student living off-campus spends, on average, about $8,300 for eight months in Torrington. Multiply that by 200 off-campus students, and there's $1.6 million dollars of new revenue for Torrington & Goshen County.
42 rodeo students, responding to a survey conducted by the EWC rodeo coach, reported spending approximately $47,500 in a six week period, in addition to fees, tuition, and books.
Visitors to Torrington with ties to college employees and students, such as families, athletic teams, and friends, stay in local motels, eat at local restaurants, and shop locally, all of which generally help Torrington to thrive.
Sources: Wyoming Business Council, EWC Business Office, EWC Financial Aid Department, & EWC Rodeo Department
