Chadron State, Peru State, and Wayne State Colleges are integral to the growth of Nebraska’s economy, workforce, and the communities they serve. An economic impact study conducted by Lightcast reveals that the Nebraska State College System (NSCS) contributed $1.4 billion to Nebraska’s economy during the fiscal year 2022-23—equivalent to nearly 1% of the state’s total gross state product (GSP).
This impact translates to 18,890 jobs supported across Nebraska, accounting for 1 in every 75 jobs in the state. “These findings underscore the vital contributions Chadron, Peru, and Wayne State Colleges make,” said Dr. Paul Turman, Chancellor of the NSCS. “Behind every statistic are real people—students, alumni, and workers—who are helping Nebraska thrive.”
Key Findings from the Impact Study
- Economic Impact: The NSCS added $1.4 billion to the Nebraska economy in FY 2022-23, bolstering industries from education and healthcare to manufacturing and public services.
- Job Creation: 18,890 jobs statewide are supported by the NSCS, showcasing its broad reach and influence.
- Return on Investment: For every $1 invested in Chadron, Peru, and Wayne State Colleges, Nebraskans see a ten-to-one return, reinforcing the value of higher education for the state.
- Out-of-State Contributions: With nearly 25% of NSCS students coming from outside Nebraska, their spending generated an additional $9.1 million in economic activity.
- Alumni Success: NSCS graduates earn, on average, $24,400 more annually than high school graduates, leading to $1 million in additional lifetime earnings.
The report highlights more than financial returns. Social benefits include enhanced public health outcomes, improved business productivity, and increased civic engagement—all vital for Nebraska’s future.
The NSCS also serves as a pipeline for Nebraska’s workforce. Alumni are deeply rooted in the state, contribute to key industries, and ensure communities can access skilled professionals.
As the Nebraska Legislature considers funding allocations, Chancellor Turman emphasized the importance of continued investment in the State Colleges. “Strengthening Chadron, Peru, and Wayne State Colleges isn’t just about supporting institutions; it’s about investing in the future of Nebraska. Together, we can ensure a thriving economy, a skilled workforce, and vibrant communities for future generations.”
For more details, including the full results of the economic impact study, visit www.nscs.edu/workingforNE.