Economic impact report finds WCCS contributed $66.9 million to local economy

An economic impact report by Lightcast found that Wallace Community College Selma (WCCS) contributes $66.9 million to the local economy. 

An announcement from WCCS said that the college plays a role in workforce development, job creation, and community prosperity, supports 1,167 jobs and generates $20 million in taxpayer benefits.

"Wallace Community College Selma has been a cornerstone of economic and workforce development in our region," said WCCS President Dr. James M. Mitchell. "This report validates what we’ve always known—investing in education at WCCS transforms lives, strengthens industries, and fuels local economies. Our commitment remains focused on student success and regional growth.”

WCCS highlighted the following in their announcement: 

Operations Spending Impact

• WCCS employed 286 full-time and part-time faculty and staff, with 71% residing in the service area.
• Employee payroll amounted to $14.2 million, which was spent locally on housing, food, and other household expenses.
• The college’s day-to-day operations and professional services added $13.2 million in regional income.

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Student and Alumni Economic Impact

• In FY 2023-24, WCCS served 2,789 credit and 2,613 non-credit students.
• 9% of students relocated to the area to attend WCCS, contributing $1.8 million in additional economic impact.
• Alumni working in the region generated $51.9 million in economic activity, highlighting the long-term benefits of WCCS graduates in the workforce.

Investment Returns for Students and Taxpayers

• WCCS students invested $15.6 million in tuition and forgone wages but will receive an estimated $58.1 million in higher lifetime earnings.
• For every $1 invested in their education, students will receive $3.70 in higher future earnings, with an annual return on investment of 16.2%—outpacing stock market returns.
• Taxpayers provided $19 million in state and local funding, with a return of $1.00 per dollar invested through higher tax revenues and public sector savings.

Social and Workforce Impact

• The presence of WCCS in Alabama generates $215.3 million in total social benefits, including increased business output, higher lifetime earnings, and reduced demand for public assistance programs.
• WCCS graduates earn, on average, $7,300 more per year than those with only a high school diploma.