{"id":116046,"date":"2014-12-08T22:21:29","date_gmt":"2014-12-09T05:21:29","guid":{"rendered":"https:\/\/dh.durangoherald.com\/tj\/flc-shows-economic-influence-in-region\/"},"modified":"2014-12-08T22:21:29","modified_gmt":"2014-12-09T05:21:29","slug":"flc-shows-economic-influence-in-region","status":"publish","type":"post","link":"https:\/\/dh.durangoherald.com\/tj\/flc-shows-economic-influence-in-region\/","title":{"rendered":"FLC shows economic influence in region"},"content":{"rendered":"\n

\"A
A study to be released in coming weeks claims that Fort Lewis College has a $151 million economic impact in the region.<\/span>Durango Herald file photo<\/span><\/figcaption><\/figure>\n<\/p>

Fort Lewis College trustees got a look Friday at an upcoming study that says the school has a $151 million impact in the Four Corners.<\/p>\n

The finding is based on spending related to FLC in fiscal 2012-13.<\/p>\n

Among factors behind the impact are the spending of FLC employees and students; human capital, defined as the value of the degrees of an estimated 500 FLC graduates remaining in the community; college expenditures; visitor spending; and FLC capital projects.<\/p>\n

Roger Zalneraitis, director of the La Plata County Economic Development Alliance, hasn\u2019t read the report. He declined to analyze the findings.<\/p>\n

\u201cIt may seem reasonable or ridiculous,\u201d Zalneraitis said. \u201cFor now, just know that the GDP (gross domestic product) of La Plata County is $3 billion a year.\u201d<\/p>\n

The college\u2019s reported impact represents 5 percent of the county GDP.<\/p>\n

Included in the report, due out in a couple of weeks, are charts with tidbits about college revenue, institutional expenditures, salary and wages, fiscal impact by visitors, and student spending.<\/p>\n

Among the items:<\/p>\n

The largest sources of college revenue \u2013 a total of $66.8 million \u2013 are tuition and fees ($20.2 million); bookstore and cafeteria ($15.2 million); and state and local grants ($14 million).<\/p>\n

The college spent $29.6 million on salaries and $10.2 million on benefits for faculty and staff members.<\/p>\n

Visitors to various events spent $1.85 million, which, when applying a multiplier effect of 1.8, results in $3.3 million in spending.<\/p>\n

Student spending of $29 million, with the 1.8 multiplier, resulted in $52.2 million.<\/p>\n

Operational expenditures totaled $14.3 million; scholarships and fellowships, $1.4 million; and student wages, $1.38 million.<\/p>\n

\u201cThe vibrancy of Fort Lewis College has increased the impact of the college economically, socially and culturally for Southwest Colorado and its residents,\u201d the report says. \u201cEstimates show that almost 4 percent of all jobs in La Plata County are generated by Fort Lewis College spending, when including direct and secondary jobs.\u201d<\/p>\n

It\u2019s a conservative estimate, the report said, because it ignores values such as volunteerism and contributions to academic and cultural events.<\/p>\n

The study was prepared by Angie Rochat, with the Office of Sponsored Research & Federal Relations; Mitch Davis, with the office of public affairs; Doug Lyon, with the School of Business Administration; Richard Miller, with the Office of Institutional Research and Planning; and Michele Peterson, with the FLC Budget Office.<\/p>\n

daler@durangoherald.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

$151M impact amounts to 5% of county\u2019s GDP<\/p>\n","protected":false},"author":1,"featured_media":116047,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[5742,5735],"tags":[11,132,13,167],"naviga_topic":[],"class_list":["post-116046","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","category-news","tag-economy-general","tag-fort-lewis-college","tag-frontpage-lead","tag-local-news-lead"],"acf":[],"author_name":"dh_admin","_links":{"self":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/116046","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/comments?post=116046"}],"version-history":[{"count":0,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/posts\/116046\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media\/116047"}],"wp:attachment":[{"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/media?parent=116046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/categories?post=116046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/tags?post=116046"},{"taxonomy":"naviga_topic","embeddable":true,"href":"https:\/\/dh.durangoherald.com\/tj\/wp-json\/wp\/v2\/naviga_topic?post=116046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}