Impact Maryland

Maryland’s 16 community colleges added $11 billion to the state economy while delivering a healthy ROI to taxpayers, students and society during FY 2022-23.

  • For students – Increased lifetime earnings 

  • For employers – Larger pool of skilled workers

  • For taxpayers – Higher tax revenues 

  • For Maryland – Increased appeal as a business destination

See more information about the report and its author, Lightcast, below.

The Economic Impact of Maryland’s 16 Community Colleges 

Fact Sheet
The Economic Value of 16 Community Colleges

Executive Summary
The Economic Value of 16 Community Colleges

Main Report
The Economic Value of 16 Community Colleges

Lightcast is a leading provider of economic and labor market data. The economic impact analysis computes income added to Maryland’s economy by the activities of the community colleges, their students and alumni. Data and assumptions are based on financial reports from the community colleges, industry and employment data from the U.S. Bureau of Labor Statistics and U.S. Census Bureau. The study uses Lightcast’s most up-to-date economic models, informed by the latest theory on human capital economic impact analyses, applies a conservative methodology and follows standard practices. Please contact MACC for the complete report and methodology. Data source: fiscal year 2022-23.