Pellissippi State generates $274 million annual economic impact

posted in: Community, TBR | 0

Pellissippi State Community College pumped an average of $274 million each year into the local economy over the past five years, a recent study shows.

The 27th annual analysis of the economic impact of the college on the Knox and Blount county area reveals that the value of business volume, jobs, and individual income created amounted to about $1.4 billion in the 2009-2014 period, or an average of $274 million each year.

Fred H. Martin, an educational consultant who completed the study, says local business volume—the total amount generated locally by businesses from the college’s direct and indirect expenditures—was $659 million for the five-year period. Of that total, $537 million came from non-local revenues, such as state appropriations, state and federal contracts and grants, and state and federal student financial aid revenues.

Although Pellissippi State had a total of 2,573 full-time-equivalent employees during the period, the total employment created and sustained by the college’s expenditures was estimated at 44,967 jobs for the five years. Of that number, 36,202 jobs were created by external or new funds.

Using the more conservative of two different calculations, Martin has estimated that the impact of Pellissippi State’s expenditures on personal income in the area amounted to about $708 million during 2009-2014, of which $589 million came from external or new funds.

Of the college’s $1.4 billion total economic impact, about $1.1 billion ($225 million per year) could be attributed to the infusion of new non-local revenues.

“This impact would likely not have occurred without the presence of Pellissippi State in the area,” Martin said.

The economic impact study notes that each dollar of local revenue coming into Pellissippi State generated a return on investment of about $3.54 in local business volume. The individual income generated ranged from $3.81 to $4.04, for a total return on investment of at least $7.35.

The study also projects that graduates who complete a two-year associate’s degree can expect to earn about $470,800 more over their work lifetime than students who have only a high school diploma. For the most recent class of Pellissippi State graduates, that difference could mean an additional $605 million in lifetime earnings, plus about $2.4 million in additional annual tax payments.

Finally, the study describes a number of benefits to society that are proven to accompany higher levels of education.

“The results of this economic impact study clearly demonstrate that Pellissippi State continues to be a major contributor to the economic base of Knox and Blount counties,” Martin said. “Economic impact is expressed in this study in terms of jobs created, business volume generated and personal income earned.”

The complete study is available at http://www.pstcc.edu/ieap/_files/pdf/factbook_datarpts/2009-14%20Economic%20Impact%20Study.pdf.

For more information Pellissippi State, visit www.pstcc.edu or call (865) 694-6400.

Two Pellissippi State students state’s only Grainger Scholarship winners

portrait of male in jacket
Isaiah Maylott

Pellissippi State Community College students Jeffrey Roller and Isaiah Maylott have each earned a $2,000 Grainger Tools for Tomorrow Scholarship—the only recipients in Tennessee to receive the award this academic year.

Both Roller and Maylott are in the Engineering Technology degree program’s Electrical Engineering concentration.

The Grainger Tools for Tomorrow Scholarship supports technical education and promotes careers in technical areas of work. Grainger is an Illinois-based distributor of facilities maintenance supplies. Upon graduating, recipients also receive $2,500 worth of Grainger hand tools, each with a lifetime replacement guarantee.

“Pellissippi State is the only college in Tennessee that has students who receive this scholarship,” said Peggy Wilson. Wilson is vice president of College Advancement and executive director of the Pellissippi State Foundation, which oversees the awards.

“Grainger classifies Pellissippi State as a ‘veteran-friendly college,’ and each student who receives a scholarship from Grainger must be a veteran.”

Portrait of male in hat and hoodie
Jeffrey Roller

Roller, who served in the Marine Corps and as a civilian contractor in Afghanistan, plans to finish his associate’s degree at Pellissippi State in 2015.

“This scholarship has allowed me to continue going to college full time,” he said. “I can concentrate on keeping a high GPA so I can be more competitive for jobs when I graduate. It’s definitely helped.”

Maylott joined the Air National Guard in 2011 and is a radio frequency transmissions systems technician. He plans to graduate from Pellissippi State in 2015.

“I was excited to find out that I got the scholarship,” said Maylott. “I’ve never earned a scholarship based on military service and my grades. It was really an honor to be recognized for that. I’m also definitely looking forward to getting the tool set—that will be really helpful as I look toward my future career.”

“Grainger is investing in the future of American industry and local communities through the Grainger Tools for Tomorrow Scholarship Program,” said Russell Rumpp, Grainger’s market manager in Knoxville. “We are proud to partner with Pellissippi State and believe business and community college partnerships are one solution to building a stronger workforce.”

The Pellissippi State Foundation works to provide student scholarships and emergency loans, as well as to improve facilities and secure new equipment. For more information about the Foundation, visit www.pstcc.edu/foundation or call (865) 694-6528.

For more information about Pellissippi State and its programs, visit www.pstcc.edu or call (865) 694-6400.

Pellissippi State certified as a veteran-friendly campus

posted in: Awards, Community, TBR, Veterans | 0

The state recently certified Pellissippi State Community College as a “VETS Campus,” in acknowledgment of the institution’s efforts to ensure veterans experience a successful transition from military service to college enrollment.

“This designation is important because it recognizes Pellissippi State’s commitment to educating our men and women who have served in the military,” said Rachael Cragle. Cragle is Pellissippi State’s Advising director. She also is project director of the grants that help fund a number of the college’s student veteran support projects, including the Ben Atchley Veterans Success Center.

“This certification validates all of the work that Pellissippi State has done to establish our Veterans Success Center and to provide support for our student veterans,” said Cragle.

The certification is part of the Tennessee Veterans Education Transition Support (VETS) Act, which was passed into law earlier this year. The VETS Act recognizes colleges that not only deliver services to veterans but also “create a supportive environment where student veterans can prosper while pursuing their education.”

Pellissippi State opened the Ben Atchley Veterans Success Center one year ago this Veterans Day (Nov. 11) to provide space for veterans to gather, study, and relax, as well as to have access to advising and mentoring services.

The college provides pre-enrollment services—such as test preparation and help with benefits—through a partnership with the Veterans Upward Bound Program at the University of Tennessee.

The school communicates with its student veterans through email from enrollment to graduation and beyond, with the goals of improving retention rates and identifying situations that might require intervention. Pellissippi State offers veterans credit for military and other career experience through prior learning assessment, or PLA.

The college’s outreach programs to veterans are funded in part by a $37,982 Tennessee Access and Success Network grant and a three-year, $98,000 Tennessee Board of Regents Access and Diversity grant. Community partners include the Knoxville Rotary Club, the East Tennessee Military Affairs Council, and other non-profit and support groups.

For more information about Pellissippi State’s efforts to help student veterans succeed, visit www.pstcc.edu or call (865) 694-6400.

Photography faculty work spotlight of Pellissippi State show

posted in: Events, Faculty and Staff, TBR | 0

Pellissippi State Community College showcases the work of its Photography faculty members during the Photography Faculty Exhibit, Nov. 18-Dec. 12.

The exhibit is in the Bagwell Center for Media and Art gallery at Pellissippi State’s Hardin Valley Campus, 10915 Hardin Valley Road. Gallery hours are 10 a.m.-6:30 p.m. Monday-Friday.

A reception takes place 4-6 p.m. Monday, Nov. 17. The exhibit and reception are free to attend, and the community is invited.

“This exhibit allows our students to see what their professors are doing in their personal art pursuits,” said Kurt Eslick, an associate professor in Photography. “It’s great when students can see that their professors are out there creating, too.”

For more information, visit www.pstcc.edu or call (865) 694-6400.

1 19 20 21 22 23 24 25 26