MMI Economic Impact Study
MMI Economic Impact
In January 2025, the Alabama Community College System (ACCS) presented each member institution with a custom Economic Impact Study, provided by Lightcast, reflecting data from Fiscal Year 2023-24. The following findings demonstrate how MMI creates value in many ways, playing a key role in helping cadets increase their employability and achieve their individual potential. Additionally, MMI benefits Alabama’s economy as an employer of state residents and a large-scale buyer of goods and services.
- The average MMI associate degree graduate will see annual earnings $9,600 higher than a high school graduate working in Alabama. Over a working lifetime, that will amount to $460,800 in higher earnings per graduate.
- The cadets’ benefit-cost ratio is 0; for every dollar cadets invest in MMI, they will receive a cumulative value of $5.00 in higher future earnings.
- The cadets’ investment in MMI has an average annual internal rate of return of 9%, impressive compared to the U.S. stock market’s 30-year average rate of return of 10.1%.
- Total taxpayer benefits amount to $3.7 million in added tax revenue and public sector savings.
- The benefit-cost ratio for society is 4; for every dollar invested in MMI, Alabamians will receive a cumulative value of $1.40 in benefits.
- $8.6 Million
- $4.2 Million
- $.8 Million
- $16.1 Million
Total Economic Impact
- $29.8 Million
- 428 Jobs Supported