5 Executive summary tax revenues and government savings. In total, throughout the FY 2021-22 students’ working lifetime, New York taxpayers will receive $14.8 million in present value benefits. Information Technology In FY 2021-22, SUNY WCC enrolled 909 students in its Information Technology program (including 12 dually-enrolled high school students), 84 of whom graduated in the analysis year and 274 were workforce students. Students who complete this program are expected to enter occupations such as software developers; computer user support specialists; information security analysts; computer programmers; and web developers. In Westchester County, the total number of jobs in these types of occupations in 2022 was 14,694, and over the next 10 years, the average number of jobs is expected to grow 11.9%. At the associate degree level and below there were 633 annual job openings. In 2022, regional employers published 666 unique job postings at the associate and below degree level for the considered occupations in Westchester County. Comparing annual job openings to the 358 regional Information Technology program completers, there is a gap of 275 job openings, meaning that there is not enough supply of trained workers in this area to meet the need of regional employers. SUNY WCC’s Information Technology program alumni generated an estimated $26.7 million in added income to the Westchester County economy in FY 2021-22. The undiscounted lifetime earnings increase per student is $455.2 thousand. For every dollar current students invest in their education in SUNY WCC’s Information Technology program, they will receive on average $2.4 back over the course of their working lives. The corresponding internal rate of return for these students is 10.7%. Finally, students aren’t the only ones who receive benefits from completing the Information Technology program at SUNY WCC. New York taxpayers will also receive benefits from SUNY WCC’s Information Technology program students in the form of added tax revenues and government savings. In total, throughout the FY 2021-22 students’ working lifetime, New York taxpayers will receive $8.9 million in present value benefits. Engineering and Advanced Manufacturing In FY 2021-22, SUNYWCC enrolled 511 students in its Engineering and AdvancedManufacturing program (including 17 dually-enrolled high school students), 56 of whom graduated in the analysis year and nine were workforce students. Students who complete this program are expected to enter occupations such as civil engineering technologists and technicians; architectural and civil drafters; construction managers; electrical, electronic, and electromechanical assemblers; and firstline supervisors of mechanics, installers, and repairers. In Westchester County, the total number of jobs in these types of occupations in 2022 was 34,524, and over the next 10 years, the average number of jobs is expected to grow 10%. At the associate degree level and below there were 1,915 annual job openings. In 2022, regional employers published 2,086 unique job postings at the associate and below degree level for the considered occupations in Westchester County. Comparing annual job openings to the 65 regional Engineering and Advanced Manufacturing program completers, there is a gap of 1,850 job openings, meaning that there is not enough supply of trained workers in this area to meet the need of regional employers. SUNYWCC’s Engineering and Advanced Manufacturing program alumni generated an estimated $24.2 million in added income to the Westchester County economy in FY 2021-22. The Engineering and
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