CNC Students And Grads Contributed $201 Million To Economy Last Year
CNC students and alumni contributed $201.7 million to the regional economy in 2012/13 , according to a report commissioned by BC Colleges. The r eport by Economic Modeling Specialists International (EMSI) states the CNC region received approximately $ 57.9 mil lion in added income in 2012/ 13 due to the operations of CNC and the spen ding of out - of - region students, while former students generated anot her $143.8 million in added income through their higher earnings and the increased productivity of their employers. The report shows that CNC graduates from diploma programs in 2012/13 will earn about $1.3 million during their working lifetime, which is a bout $442,000 more than their friends who only have a high school diploma. “The report really demonstrates that it pays to be a CNC graduate,” said Randall Heidt, CNC Executive Director External Relations. “Aside from the obvious measurable financial impa ct, I think it’s important to note that a more educated, knowledgeable, critical thinking and skilled society is better for everyone.” According to the report, CNC’s 2012/ 13 students will receive a cumulative $3.30 in higher future earnings for every $1 t hey invested in their education , on average. In other words, students not only recover the cost of their original invest ment but also receive an additional $2.30 for every $1 they paid. Read more.