2 Introduction SUNY WESTCHESTER COMMUNITY COLLEGE (SUNY WCC) creates value in many ways. The college plays a key role in helping students increase their employability and achieve their individual potential. The college retains students in the county, generating new dollars and opportunities for Westchester County. SUNY WCC provides students with the education, training, and skills they need to have fulfilling and prosperous careers. Furthermore, SUNY WCC is a place for students to meet new people, increase their self-confidence, and promote their overall health and well-being. SUNY WCC influences both the lives of its students and the county economy. The college supports a variety of industries in Westchester County, serves county businesses, and benefits society as a whole in New York from an expanded economy and improved quality of life. Additionally, the benefits created by SUNY WCC extend to the state and local government through increased tax revenues and public sector savings. SUNY WCC is also a vital asset to regional employers. The college adds highly-trained and knowledgeable human capital to the local workforce and provides customized counseling and the most up-to-date vocational training programs to regional employers at the Westchester Educational Opportunity Center. Through building strong partnerships with businesses and organizations interested in upskilling and professional development of their existing or prospective workers, SUNYWCC continuously contributes to community well-being and fosters local economic prosperity. An estimated 80% of students remain in Westchester County after finishing their time at SUNY WCC, another 18% settle outside the county but in the state, and the remaining 2% settle outside the state. Lastly, it provides students with the knowledge, skills, and abilities they need to become productive citizens and add to the overall output of the county. This study measures the economic impacts created by SUNY WCC on the business community and the benefits the college generates in return for the investments made by its key stakeholder groups—students, taxpayers, and society. The following two analyses are presented: Economic impact analysis Investment analysis All results reflect employee, student, and financial data, provided by the college, for fiscal year (FY) 2021-22. Impacts on the Westchester County economy are reported under the economic impact analysis and are measured in terms of added income. The returns on investment to students, taxpayers, and society in New York are reported under the investment analysis. SUNYWCC influences both the lives of its students and the county economy. WES TCHES T ER COUNTY, NEW YORK
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