Government needs to start thinking about advanced education and skills training as an investment, not an expense.
- For every $1 spent, $15.40* is returned in added income and savings to society (*EMSI 2012-13).
- BC’s colleges and their graduates contribute $7.8 billion** of income annually to the provincial economy (**EMSI 2012-13).
- 93%*** of BC’s college graduate stay work and pay tax in BC (***EMSI 2012-13).)
- According to a recent TD Economics report, post-secondary education is a good return on investment and a college diploma, which has lower upfront costs, offers an even higher return on investment than other sectors.
BC’s colleges have a proven track record as a well-established and accountable sector of the province’s post-secondary education system. Our colleges are ready and able to take on more responsibility for labour market development that will contribute to healthier communities and stronger regional economies.
Continued investment in BC’s colleges will help ensure labour market demand is met. The result will be a higher standard of living, reduced social costs and vibrant and sustainable communities throughout BC.