jefferson parish impact study

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Delgado Community College Jefferson Parish Jefferson Parish Supporting the New Economy of Southeast Louisiana

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Page 1: Jefferson Parish Impact Study

Delgado Community College

Jefferson ParishJefferson Parish

Supporting the New Economy of Southeast Louisiana

Page 2: Jefferson Parish Impact Study

Delgado Community College Todayg y g y

• Delgado Community College has an

ll t f 17 208 enrollment of 17,208 students as of Spring 2010.0 0.

• Delgado is growing. Enrollment saw a year-over-year increase of 17 2% from Spring 200917.2% from Spring 2009.

Page 3: Jefferson Parish Impact Study

Delgado Fulfilling Needs of Jefferson Parish ResidentsJefferson Parish Residents

• Delgado’s presence in Jefferson Parish is i ifi tsignificant.

• Over 5 500 residents of Jefferson Parish • Over 5,500 residents of Jefferson Parish constitute over 1/3 of all Delgado Students.

• An additional 1,955 students are enrolled at the two Louisiana Technical College locations in Jefferson ParishJefferson Parish.

• Approximately 433 Jefferson Parish residents are pp o a e y 33 Je e so a s es de s a e employed by the Delgado/LTC system.

Page 4: Jefferson Parish Impact Study

Delgado Programs Partner with Jefferson Parish BusinessJefferson Parish Business

• AMED Adams MarineAFL CIO

• Chevron Chemical Company

• Krebs, LaSalle, Lemieux• Liberty Bank• AFL-CIO

• AMED Ambulance• Americorps• Barriere Construction

Co

Company• Cox Communications• East Jefferson General

Hospital• Ensco Marine

y• Livingston Group• Lockheed Martin• Louisiana Business Leadership

NetworkCo.• Bell South• Blessey Marine• Bollinger Shipyards• Bosch Tools

• Exxon Company, USA• First NBC Bank• Greater New Orleans, Inc.

(GNO, Inc.)CO

• Louisiana Department of Labor

• Louisiana Department of Transportation

• Louisiana Workforce • Capital One Bank• Chevron Chemical

Company• Cox

C i i

• JEDCO• Jefferson Business Council• Jefferson Chamber of

Commerce

• Louisiana Workforce Commission

• Marriott Hotels• New Orleans Zephyrs• Northrop Grumman Ship

Communicationsp p

Systems• Ochsner Hospital• Prescient Technologies

Page 5: Jefferson Parish Impact Study

Delgado is Responsiveg p

“ The training Delgado provides its students is g g prelevant & responsive to the needs of the healthcare industry. Our employee partners appreciate how effective Delgado is in pp gcreating programs for students that are critical to the everyday workforce needs in the healthcare marketplace – making p gstudents well prepared for good jobs in the healthcare industry.”

- Jan Robert, Executive Director, St. Tammany Healthcare Alliance

Page 6: Jefferson Parish Impact Study

DELGADO ECONOMIC GCR & Associates, Inc.

DELGADO ECONOMIC IMPACT ASSESSMENT

Page 7: Jefferson Parish Impact Study

An Engine of Growthg

Delgado Community College plays an essential l i b th t d f t i ti it role in both present and future economic activity

in the New Orleans region and throughout the State of Louisiana.

• $12.48 Return for Every $1 the State of Louisiana invests in Delgado.g

• $451.1 million in total economic impact in 2009.

• $167.3 million benefit of direct Delgado spending.

• 6,996 employment positions supported metro wide.

Page 8: Jefferson Parish Impact Study

Impact is Significantp g

The impact of all Delgado graduates The impact of all Delgado graduates contributes substantially to the economy— and that impact grows more significant with each successive year.

Delgado students earned 1,063 training certificates and associate training certificates and associate degrees in the 2007 – 2008 academic year, according to Institutional Research.

895 students earned awards in Technical Competency Areas in 2008, preparing them for work in a skilled preparing them for work in a skilled trade.

Page 9: Jefferson Parish Impact Study

An Intellectual Investment

Annualized Figures for 2008 released by Bureau of Labor Statistics in March 2009

Page 10: Jefferson Parish Impact Study

Value of a Delgado Educationg

The impact of a Delgado education for our graduates d th i l i i ifi tand the regional economy is significant.

• 5 years of Delgado graduates filled an estimated 6,796j b i i th N O l M t lit A i job openings in the New Orleans Metropolitan Area in 2009.

Delgado graduates earned an additional $86 2 million in • Delgado graduates earned an additional $86.2 million in wages in 2009.

• Delgado graduates had an economic impact that • Delgado graduates had an economic impact that generated an additional $81.1 million in wages for a cumulative benefit of $167.3 million in the broader metropolitan economy.

Page 11: Jefferson Parish Impact Study

Responding to the Needs of Business CommunityBusiness Community

Page 12: Jefferson Parish Impact Study

Business Sector Specific Impactp p

5-Years of Delgado Graduates in Highlighted Workforce Segments

• Business & Professional Services…Fill 994 Jobs

…Contribute to $171 Million in Economic Output (GDP 2009)• Creative Media and Design

…Fill 411 Jobs…Fill 411 Jobs…Contribute to $70.8 Million in Economic Output

• Health Sciences & BiotechnologyFill 3 457 Jobs…Fill 3,457 Jobs

…Contribute to $571.6 Million in Economic Output• Tourism, Hospitality & Entertainment

H ld 681 j b…Hold 681 jobs…Contribute to $46.9 Million in Economic Output

Page 13: Jefferson Parish Impact Study

Impact of Delgado Education for Jefferson Parish WorkforceJefferson Parish Workforce

• Five years of Delgado graduates from all over the metropolitan region will f ( ) j i ff ifill an estimated 2,641 of the 195,260 (Q1 2009) jobs in Jefferson Parish.

• These graduates working in the Jefferson Parish will earn $33.9 million more this year than they would have without the training and education more this year than they would have without the training and education they received at Delgado.

• These greater wages will have an additional estimated economic impact of $31 96 million on the metropolitan area economy with the majority of of $31.96 million on the metropolitan area economy, with the majority of this impact captured by Jefferson Parish businesses.

• The combination of these additional wages and their economic impact t l ti b fit f $65 illi t th t lit represents a cumulative benefit of $65 million to the metropolitan

economy.

* The number of Delgado graduates working in Jefferson Parish is determined by the share of MSA employment represented in The number of Delgado graduates working in Jefferson Parish is determined by the share of MSA employment represented in Jefferson Parish (38.85% ‐ LA Workforce Commission ‐ Q1 2009). The additional wages earned are calculated using Bureau of LaborStatistic wage data. The impact on of those additional wages on the MSA economy is measured using Bureau of Economic AnalysisRIMS II multipliers.

Page 14: Jefferson Parish Impact Study

Delgado Today & Tomorrowg y

• Almost four years after Hurricane K t i D l d ti t b Katrina, Delgado continues to be an economic engine in the region’s recovery, as well as an institution responsive to the needs

f id t d i d t of area residents and industry.

• 5 years of Delgado graduates fill an estimated 6,796 job openings in the , j p gmetro area in 2009.

• While Delgado is dedicated to the continuing education and training continuing education and training programs that drive the economy, the institution is already adapting to the workforce demands of the years ahead years ahead.

Page 15: Jefferson Parish Impact Study

Tomorrow’s Jefferson Parish WorkforceWorkforce

Delgado invites you to partner with us to Delgado invites you to partner with us to produce graduates that work and live in our community!

Paid apprenticeship programs =Higher student retention

Experiential learning =Experiential learning =Rapid return on investment