Economic Impact Analysis of Loyalist College

This report details the economic value generated by Loyalist College of Applied Arts and Technology for the fiscal year 2022-23. It outlines the college's contributions to the local economy, including direct expenditures, student spending, and the impact of alumni. The analysis presents two main components: economic impact analysis and investment analysis. The economic impact analysis quantifies the added income to the Loyalist Service Region, totaling $450.2 million, which supports approximately 4,872 jobs. The report highlights the significant roles of operations, research, construction, and student spending in this economic contribution. Additionally, the investment analysis evaluates the costs incurred by students and the expected benefits in terms of future earnings. The findings indicate that Loyalist College not only enhances individual employability but also stimulates regional economic growth, benefiting various sectors and contributing to public revenues. The report emphasizes the college's integral role in the community and its broader economic implications.