- Century College directly employs 687 people
- Century College supports more than 3,269 Minnesota jobs (2,070 direct and 1,199 indirect/induced)
Century College's Economic Contribution Analysis Report
The Impact of Century College
Century College has been an engaged, connected partner and a resource to the community for over 50 years. Since ﬁrst opening our doors to 503 students as Lakewood State Junior College in 1967, Century College has become one of the largest and most diverse two-year community colleges in Minnesota. Serving over 21,000 credit and non-credit students each year, Century College offers degrees, diplomas, certiﬁcates, and courses in a wide variety of disciplines. Throughout Washington, Ramsey, Anoka, and Dakota counties, western Wisconsin, and the greater Twin Cities region, Century College is an active partner with area businesses, helping ensure students move seamlessly into the local workforce, while supporting students who choose to pursue a four-year degree.
The impact of Century College goes beyond its economic impact of $368.5 million dollars annually. Century College takes pride in providing a welcoming, inclusive, and vibrant campus for students and community members. In addition to presenting the locally renowned Muskie Tank Challenge and hosting Shakespeare and Company, Century College is home to the NJCAA Division III Regional Champion baseball team ﬁve years running, and has been nationally recognized as a Military Friendly School by Victory Magazine. Century College is making an impact, and its commitment to community, culture and collaboration is making a difference.
Contributing to the Minnesota Economy
- The FY 17 overall annual combined economic contribution of Century College in Minnesota is $368.5 million. This includes a direct impact of $188.7 million and indirect/induced impact of $179.8 million.
- Operational and capital spending in the State of Minnesota generated $146.9 million of the total impact and $221.6 million in impact from student and visitor spending.
"At Century College, education is accessible to all who seek it, and success is possible for all who work to achieve it.”
- President Millender
Students and Alumni in the State Generate Additional Impact
Former and current students of Century College have a signiﬁcant presence in the workforce – particularly in high-demand ﬁelds such as healthcare, engineering, manufacturing, and information technology.
The alumni of Century College living and working in the state total 26,947. Assuming that a career lasts for 40 years, Century College alumni currently living in Minnesota have contributed nearly $5.4 billion in impact over 40 years.
More About Century College's Impact
Supporting and Sustaining Jobs in the State
Making a Difference in the Community and State
Century College's state-of-the-art Advanced Technology Center is helping Minnesota keep pace with advancements in STEM ﬁelds by creating programs that incorporate new technological developments in medical and advanced manufacturing industries. This innovative approach to investing in the 21st century workforce will help Minnesota address workforce shortages in high-demand ﬁelds.
Century College is committed to closing the Minnesota skills gap in the ﬁeld of healthcare. Our associate degree nursing program, ranked #2 among public and private university programs in Minnesota by registerednursing.org, delivers consistent quality education. The Century College medical assistant program is #2 in Minnesota, and #1 among associate degree medical assistant programs in the nation, as determined by topmedicalassistantprograms.org.
Century College's orthotics and prosthetics program, one of only 13 in the country, addresses a significant need for professionals in the healthcare industry, where an estimated 28 million people in the United States are at risk for amputation. To meet the demand for patients in need of orthotics and prosthetics, the supply of professionals in the industry needs to increase 60 percent by 2025.
Century College's Continuing Education and Customized Training department is also working with a number of community-based organizations in workforce centers to help unemployed or underemployed individuals prepare for a variety of careers. Century College is working with organizations such as Community Action Partnership and the Karen Organization of Minnesota, which provides employment, resettlement, and social services to Karen and Burmese refugees from Myanmar.
Charitable Donations and Volunteer Services
Century College students are very engaged in the community, having contributed approximately 35,000 service-learning hours in 2016-17.
More than $3.4 million in charitable donations and volunteer services are generated annually by Century College faculty, staff, and students.
- $790,863 million donated to local charitable organizations by Century College staff, faculty, and students.
- $2.7 million of volunteer time by Century College faculty, staff, and students.
Minnesota State Economic Contribution Methodology Overview
This economic impact study measures the contribution of Minnesota State to the Minnesota economy. The goal of this analysis is to provide a full and credible assessment of the total economic, employment, and state and local tax impact of Minnesota’s largest provider of higher education and 11th largest employer in the state.
The primary tool used in the performance of this study is the I-O model and dataset developed and maintained by IMPLAN Group LLC. Primary ﬁnancial data used in this study was obtained from the colleges and universities of Minnesota State and included operating budget, payroll, and beneﬁts for employees for ﬁscal year 2017 and a 10-year average of capital spending.
Secondary data was used to estimate spending by visitors and students (full-time and part-time) exclusive of tuition and fees. This study includes a quantiﬁcation of all in-state and out-of-state students to capture how Minnesota State is training and retaining the workforce Minnesota needs to fuel its workforce demands.
Direct Effect: Impacts generated as a result of spending by Minnesota State on capital projects, operations, and pay and beneﬁts. Also included in this category is student and visitor spending.
Indirect Effect: The increase in demand for goods and services in industry sectors that supply or support the colleges or universities, their students, and visitors.
Induced Effect: The third wave of impact created as a result of spending by Minnesota State, its employees, students, and suppliers. Induced impacts estimate the effect of increased household income including housing, household goods, entertainment, food, clothing, transportation, and other categories of household spending.
Read the full Methodology Overview