| ||||||||||
 
Dr. Ronald P. Rogers CHIROPRACTOR Support for your body's natural healing capabilities 270-384-5554 Click here for details 
  
Columbia Gas Dept. GAS LEAK or GAS SMELL Contact Numbers 24 hrs/ 365 days 270-384-2006 or 9-1-1 Call before you dig 
Visit ColumbiaMagazine's Directory of Churches Addresses, times, phone numbers and more for churches in Adair County Find Great Stuff in ColumbiaMagazine's Classified Ads Antiques, Help Wanted, Autos, Real Estate, Legal Notices, More... 
|
Study says CU has $101 million impact on Taylor economy Younger & Associates study says University supports a total of 1,453 jobs in Taylor County, accounting for 15.7 percent of the wages paid in Taylor County. By Joan C. McKinney News from Campbellsville University CAMPBELLSVILLE, KY - Campbellsville University has a total economic impact from its operations of $101 million in Taylor County, according to a new study recently completed by Younger and Associates of Jackson, TN. The $101 million is a measure of the total dollar value that flows through the Campbellsville-Taylor County economy because of the operations of Campbellsville University. The new study shows CU supports a total of 1,453 jobs by all related Campbellsville University operations. CU operations directly employ and support over 13.5 percent of all jobs in Taylor County. Wages paid to the jobs supported by university operations accounts for 15.7 percent of the wages paid to Taylor County residents. The growth of economic impact from 2007 is up 18 percent from the 2007 amount of $76.1 million. The increase in the economic impact in the past ten years (from 2003 to 2013) has been 75.6 percent. In total dollars, the increase has risen from $57 million to $101 million over the past decade. Dr. Michael V. Carter, who just began his 15th year as president of the private institution in south central Kentucky, said CU contributes more than $1.3 million in local taxes generated for city and county governments, school systems and certain special districts. "Over the past decade, the economic impact generated by CU has increased from $58 million to $101 million," Carter said. "And with Vision 2025, our long-term blueprint for the future, we anticipate continued growth and resulting economic impact increases." Carter said CU is "very fortunate to be located in a community where education, including postsecondary education, is valued." He said, "We are all aware that there is a direct correlation between the educational attainment of a community and the economic health and competitiveness of a community. CU remains dedicated to providing affordable and excellent higher education, and we are working with local officials, our school districts, Chamber of Commerce and Economic Development Authority, and others to provide additional postsecondary educational opportunities for more citizens." Carter said CU is "grateful for the excellent relations we have with this community and region, and we seek to serve the larger community as we move forward in our goal to become a national premier Christian university." The study shows an increase from the $93.3 million total impact in 2010-11, when the last study was done. Nearly 200 more jobs have been created this year than two years ago - 1,453 versus 1,258. The study is based on a model of the local economy using data for annual average wage rates, tax rates, commuting patterns and tax collection ratios. Factors used in the study include U.S. Bureau of Economic Analysis economic multipliers as well as specific data from CU. Younger Associates has completed hundreds of economic impact studies across the United States for over 20 years. The firm's methodology is recognized by the International Economic Development Council and used in courses taught at the Economic Development Institute. The purpose of the study is to quantify the economic impact of the Campbellsville University on the local economy. It looks at the impact generated by all operations of the University in 2012-2013 academic year. The impact comes from CU's ongoing operations, capital investment and study spending in the local economy as well as spending by visitors to CU events and the operation of contractors that perform work solely for CU. The value of a college education is included. The economic impact of a typical KY college graduate's earnings over a 25-year career is $6.9 million while the impact of a typical high school graduate's earnings over the same period is $3.6 million - a 90.5% higher economic impact over 25 years. Thus, the long-term economic impact of CU is a significant boost to the local economy beyond the impact created by current operations and capital investment. Campbellsville University is anticipating a strong enrollment of 3,500-3,600 students when night classes begin Monday, Aug. 26 and day classes begin Tuesday, August 27. This story was posted on 2013-08-15 01:23:52
Printable: this page is now automatically formatted for printing.
Have comments or corrections for this story? Use our contact form and let us know.
More articles from topic News:
ADAIR Band announces 2013 Mark Twain Marching Band line-up Adair County Primary Center phone number is 270-384-3367 Bro. Paul Grider will give testimony at Victory Church Joseph Flowers recognized for 25 years service as USPS carrier CJE Ann Melton remarks on loss of Jimmy Reliford Darci Evans: on Evans Farm Swinging Bridge near Bradsfordsville, KY Jailer Rick Wilson says he doesn't plan to seek re-election 350 enjoy Gradyville Baptist Church Fish Fry Feese Family will sing Aug. 18, 2013, at Emorys Chapel Church Wants more information on Cocanougher Reunion View even more articles in topic News |
 
115 Jamestown St. Columbia, KY. 270-384-2496 
  
   
 Provided by the Adair Co Fiscal Court and the Adair Co. Emergency Mgt. Agency 
|
||||||||
|
| ||||||||||
|
Quick Links to Popular Features
Looking for a story or picture? Try our Photo Archive or our Stories Archive for all the information that's appeared on ColumbiaMagazine.com. | ||||||||||
|
Contact us: Columbia Magazine and columbiamagazine.com are published by Linda Waggener and Pen Waggener, PO Box 906, Columbia, KY 42728. Please use our contact page, or send questions about technical issues with this site to webmaster@columbiamagazine.com. All logos and trademarks used on this site are property of their respective owners. All comments remain the property and responsibility of their posters, all articles and photos remain the property of their creators, and all the rest is copyright 1995-Present by Columbia Magazine. Privacy policy: use of this site requires no sharing of information. Voluntarily shared information may be published and made available to the public on this site and/or stored electronically. Anonymous submissions will be subject to additional verification. Cookies are not required to use our site. However, if you have cookies enabled in your web browser, some of our advertisers may use cookies for interest-based advertising across multiple domains. For more information about third-party advertising, visit the NAI web privacy site.
| ||||||||||
