West Virginia Executive Spring 2019 | Page 74

will bring 123 new jobs; Infor, a global technology company, opening a location in Charleston and creating hundreds of jobs; and Intuit, a business and software company, opening a prosperity hub in Bluefield with plans to create up to 500 jobs. West Virginia’s Community and Technical Colleges Create $1.2 Billion in Economic Impact The West Virginia Community and Technical College System (CTCS) recently unveiled a new independent economic impact study that surveyed the value of the state’s public two-year higher education system. According to the study, conducted by Emsi, West Virginia’s community and technical colleges realize a $1.2 billion total economic impact in the state. The study also found that graduates of CTCS institutions earn $9,900 more each year compared to those with a high school diploma. “We’re immensely proud of the work we do every day to equip West Virginians for the jobs employers are working to fill right now across the state,” says CTCS Chancellor Dr. Sarah Tucker. “There is enormous value in a community and technical college education in West Virginia, and there is an increasingly positive impact our graduates realize for the state’s economy. During this time of ongoing economic shifts and discussions around public higher education, these findings underscore the genuine promise of a community college edu- cation in the Mountain State.” Broken down, the economic impact of CTCS alumni totals $1.1 billion in added income in West Virginia; the impact of institutional operations, including annual payroll and other spending, represents $98.2 million; and the impact of student spending totals $8 million. Altogether, this income supports more than 17,000 jobs across the state. In addition to direct economic impact, the study found high returns on investments by students who earn an associate degree from a CTCS institution. The findings show that these students earn an average $40,300 salary compared to $30,400 for those with a high school diploma or equivalent working in the state. The study measured the economic impact created by CTCS on the business community in Fiscal Year 2016-2017 and the benefits the nine colleges generate in return for investments made by students, taxpayers and society. During that year, CTCS institutions served 26,337 credit students and 6,548 non-credit students while employing 1,950 staff, faculty and administrators. West Virginia 811 Prepares for Future Growth with a New Location West Virginia 811 (WV 811), the state’s call-before-you-dig notification center, recently held a grand opening for its new location in Charleston. “In light of recent and more aggressive federal and state laws mandating penalties, including civil penalties, for violation of the dig laws, our board saw this as an opportunity to have the room to provide training and education for our members and users of the 811 system,” says Courtlandt Smith, WV 811’s board president. “We were very fortunate that this property became available at this time and that WV 811 was in a position to make the move.” Empowering Women in the Energy Industry Thousands of women and men are breaking ground in energy industry careers, and more than 4,000 of them are members of the Women’s Energy Network. Members receive exclusive access to mentoring, group discussions, member-only networking events, expert speaking engagements and more. Join today. 535 White Oaks Blvd., Bridgeport, WV 26330 www.womensenergynetwork.org/westvirginia/ 72 WEST VIRGINIA EXECUTIVE