2 3 Preface 5 Executive summary 6 Economic impact analysis 8 Investment analysis 10 Introduction 12 Chapter 1: Profile of SUNY Westchester Community College and the economy 14 SUNY WCC employee and finance data 16 The Westchester County economy 19 Chapter 2: Economic impacts on the Westchester County economy 22 Operations spending impact 25 Student spending impact 27 Alumni impact 32 Total SUNY WCC impact 34 Chapter 3: Investment analysis 35 Student perspective 44 Taxpayer perspective 49 Social perspective 54 Chapter 4: Conclusion 56 Appendices 56 Resources and references 64 Appendix 1: Sensitivity analysis 69 Appendix 2: Glossary of terms 72 Appendix 3: Frequently asked questions (FAQs) 75 Appendix 4: Example of sales versus income 76 Appendix 5: Lightcast MR-SAM 81 Appendix 6: Value per credit hour equivalent and the Mincer function 84 Appendix 7: Alternative education variable 85 Appendix 8: Overview of investment analysis measures 89 Appendix 9: Shutdown point 92 Appendix 10: Social externalities Contents
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