EWC is an Economic Force in Goshen County
March 3, 2003
(Torrington, WY) Using data from academic year 2001-02, an analysis of Eastern Wyoming Colleges local economic impact was recently developed by college staff and Wyoming Business Council using software supplied by Applied Economics, Inc. In addition to its core mission of providing educational services, the College is a vital, economic force in Goshen County, and contributes over $19 million annually to the economy. EWC impacts the economy in three major ways; through staff, student, and institutional purchasing. Through direct spending on goods and services, EWC and its employees induced more than $13,800,000 in indirect expenditures within the Torrington area. An estimated 83% or $8 million of the Colleges $9.7 million revenue base came from sources outside the Goshen County area.
The College contributes to provision of jobs; stimulus to area building/expansion projects; and generation of county tax revenues. EWC also brings in revenues, which would not otherwise be generated in the region, from governmental entities, foundations and charitable organizations, and
out-of-county students. As an institution, EWC supported a total of 111 indirect jobs and gave 564 Goshen County adults and 124 Goshen County high school students the opportunity to take
college-level classes locally.
Like other community colleges, Eastern Wyoming College offers low-cost training for entry-level, skilled positions in business, agriculture, law enforcement, and technology fields. Academic transfer degrees are also available in most of the traditional disciplines.
For more information on the impact study, contact Ron Laher, Dean of Administration, at 307-532-8218.