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assoc ia t ion o f vermontindependent co l leges
A V I C M E M B E R S
Bennington CollegeBurlington CollegeChamplain College
College of St. JosephGoddard College
Green Mountain CollegeLandmark CollegeMarlboro College
Middlebury CollegeNew England Culinary Institute
Norwich UniversitySt. Michael’s College
S I TSouthern Vermont College
Sterling CollegeVermont College of Fine Arts
Vermont Law School
Associate Members:Albany College of Pharmacy & Health Sciences
Union Institute & University
…Independent thinking for a collaborative world
PO Box 254, Montpelier, VT 05601802.828.8826
www.vermont-icolleges.org 1 A V I C | Making an Impact
M A K I N G A N
I M P A C T
AVICA S S O C I A T I O N O F
V E R M O N TI N D E P E N D E N T C O L L E G E S
VERMONT: An Education Destination
The Economic Impact
of Private Higher Education in Vermont
2 A V I C | Making an Impact
The total economic impact of private colleges and universities in Vermont is nearly $1.4 billion.
However, we prefer to think of our impact in terms of jobs, neighbors, and community support.
Our presence in communities across the State creates valuable partnerships and business opportunities for Vermonters.
11A V I C | Making an Impact
More than 82% of students at Vermont’s independent colleges and universities receive tuition assistance.
55% of our bachelor degree-seeking students graduate within four years compared to 39% at public institutions. This saves parents and students time and money.
I N V E S T I N G I N T H E F U T U R E
10 A V I C | Making an Impact
M E E T I N G W O R K F O R C E N E E D S
The independent colleges play a central role in the development of tomorrow’s labor force so that Vermont succeeds in an increasingly knowl-edge-intensive economy.
The 19 private institutions confer 53% of all degrees
in the state. They also award 43% of the certificates for
advancing select skills.
These degrees help prepare students for careers in areas
that are critical to the future of Vermont.
3A V I C | Making an Impact
T H E S T A T E W I D E P I C T U R E
Economic Impact by Region
Institutional Expenditures . . . . $590,117,845
Construction Expenditures . . . $121,777,830
Student Spending . . . . . . . . . . . . $92,131,276
Faculty and Staff Spending . . . $583,249,258
Visitor Spending . . . . . . . . . . . . . . $8,188,460
TOTAL STATEWIDE IMPACT $1,395,464,668
Estimated Total Economic Impact
of Independent Higher Education in VT
$330 mil
$750 mil
$315 mil
4 A V I C | Making an Impact
C R E A T I N G S T A B L E J O B S
Total On-Campus Jobs: 6,295Total Wages & Benefi ts Paid to Employees: $314,182,966
Jobs: 2,042Wages: $81.5 mil
The spending of the colleges, the colleges’ employees, and the colleges’ students at area businesses creates jobs and payrolls there and elsewhere in the state.
Jobs: 5,604Wages: $220 mil
Jobs: 1,594Wages: $65.8 mil
9A V I C | Making an Impact
894,400 hours of volunteer time worth
over $42 million to Vermont communities
each year.
An estimated 88% of that time is with
K-12 organizations.
S T U D E N T S G I V E B A C K
Our students contribute
8 A V I C | Making an Impact
P I L L A R S O F M A I N S T R E E T
$424.7 million is raised in tuition and fees from out-of-state sources for spending in Vermont.
Each year employees of private colleges and universities
in Vermont pay over $8 million in state income taxes.
The nearly 19,000 independent college and university
students in Vermont eat, shop and spend almost
$49.6 million annually at local businesses.
Local Businesses in Vermont
General merchandise stores
Grocery and beverage stores
Real estate rentals
Telecommunications and utilities
Amusement and recreation venues
Restaurant and drinking establishments
Furniture and home furnishing stores
Clothing and sports stores
5A V I C | Making an Impact
60% of future jobs will require post-secondary education.
Vermont’s private colleges provide $145.8 million in institutional aid from their own resources.
More than 14,000 out-of-state students come to Vermont to study at private colleges. Many of these students stay and contribute to local economies.
12 out of 19 of our colleges offer non-traditional weekend,
evening, and online programs to meet the changing needs of
all learners.
In addition to hundreds of degree programs, AVIC members offer
over
A T T R A C T I N G A W O R K F O R C E
60 certificate programs.
Benefitting from Spending by Students
6 A V I C | Making an Impact
Danforth Pewter
Burton Snowboards
Lincoln Peak Vineyards
Red Hen Bakery
L.A.C.E.
Crane Associates
Omega Optical
The Bluebird Tavern
Montpelier Flag and Stove Works
Leading Challenges
Gobeille Hospitality Group
Coffee Enterprises
Vermont Bread Company
Have Justice Will Travel
Blackback Pub and Fly Shop
Holistic Justice Center
Better Planet Books
Eden’s Echo Forest Management Co
Landscape Visions, LLC.
Pinnacle Pet & Property Care
Benji and Jake’s Restaurant
Hardt Forestry
Emma’s Family Farm
Harvest Hill Farm
CommunEquests
Songbird Farm
Bond Auto
Bove’s
Carved Solutions
Epik One
JaniTech
Editorial Concepts
Fiddlehead at Four Corners
Galahad Productions
7A V I C | Making an Impact
Gallery-in-the-Field
Jumpcut Productions
McNeill’s Brewery
Mechanic Street Pottery & Irons Works
Mountain Goat
Pangaea Restaurant
Quill & Print
Rainbow Organic Fiber Mill
South Street Café
Superior Store Finishing
The Eloquent Page
Three Meadow Riders
Wood’s Cider Mill
Small Dog Electronics
Buch Spieler Music
Contemporary Dance & Fitness Studio
Catamount Arts
Magic Hat Brewing
Turtle Island Child Center
Artisans Hand Cooperative
Studio Place Arts
Winooski Hydroelectric
Global Gifts
“After graduating from an independent college, I wanted to stay in Vermont and put my skills and ideas to work. Thirty years later, I am proud that my business is considered a vital part of our community.”
R E P R E N E U R SL A U N C H I N G E N T
The many alums who live and work in Vermont are responsible for many Vermont business landmarks.
6 A V I C | Making an Impact
Danforth Pewter
Burton Snowboards
Lincoln Peak Vineyards
Red Hen Bakery
L.A.C.E.
Crane Associates
Omega Optical
The Bluebird Tavern
Montpelier Flag and Stove Works
Leading Challenges
Gobeille Hospitality Group
Coffee Enterprises
Vermont Bread Company
Have Justice Will Travel
Blackback Pub and Fly Shop
Holistic Justice Center
Better Planet Books
Eden’s Echo Forest Management Co
Landscape Visions, LLC.
Pinnacle Pet & Property Care
Benji and Jake’s Restaurant
Hardt Forestry
Emma’s Family Farm
Harvest Hill Farm
CommunEquests
Songbird Farm
Bond Auto
Bove’s
Carved Solutions
Epik One
JaniTech
Editorial Concepts
Fiddlehead at Four Corners
Galahad Productions
7A V I C | Making an Impact
Gallery-in-the-Field
Jumpcut Productions
McNeill’s Brewery
Mechanic Street Pottery & Irons Works
Mountain Goat
Pangaea Restaurant
Quill & Print
Rainbow Organic Fiber Mill
South Street Café
Superior Store Finishing
The Eloquent Page
Three Meadow Riders
Wood’s Cider Mill
Small Dog Electronics
Buch Spieler Music
Contemporary Dance & Fitness Studio
Catamount Arts
Magic Hat Brewing
Turtle Island Child Center
Artisans Hand Cooperative
Studio Place Arts
Winooski Hydroelectric
Global Gifts
“After graduating from an independent college, I wanted to stay in Vermont and put my skills and ideas to work. Thirty years later, I am proud that my business is considered a vital part of our community.”
R E P R E N E U R SL A U N C H I N G E N T
The many alums who live and work in Vermont are responsible for many Vermont business landmarks.
8 A V I C | Making an Impact
P I L L A R S O F M A I N S T R E E T
$424.7 million is raised in tuition and fees from out-of-state sources for spending in Vermont.
Each year employees of private colleges and universities
in Vermont pay over $8 million in state income taxes.
The nearly 19,000 independent college and university
students in Vermont eat, shop and spend almost
$49.6 million annually at local businesses.
Local Businesses in Vermont
General merchandise stores
Grocery and beverage stores
Real estate rentals
Telecommunications and utilities
Amusement and recreation venues
Restaurant and drinking establishments
Furniture and home furnishing stores
Clothing and sports stores
5A V I C | Making an Impact
60% of future jobs will require post-secondary education.
Vermont’s private colleges provide $145.8 million in institutional aid from their own resources.
More than 14,000 out-of-state students come to Vermont to study at private colleges. Many of these students stay and contribute to local economies.
12 out of 19 of our colleges offer non-traditional weekend,
evening, and online programs to meet the changing needs of
all learners.
In addition to hundreds of degree programs, AVIC members offer
over
A T T R A C T I N G A W O R K F O R C E
60 certificate programs.
Benefitting from Spending by Students
4 A V I C | Making an Impact
C R E A T I N G S T A B L E J O B S
Total On-Campus Jobs: 6,295Total Wages & Benefi ts Paid to Employees: $314,182,966
Jobs: 2,042Wages: $81.5 mil
The spending of the colleges, the colleges’ employees, and the colleges’ students at area businesses creates jobs and payrolls there and elsewhere in the state.
Jobs: 5,604Wages: $220 mil
Jobs: 1,594Wages: $65.8 mil
9A V I C | Making an Impact
894,400 hours of volunteer time worth
over $42 million to Vermont communities
each year.
An estimated 88% of that time is with
K-12 organizations.
S T U D E N T S G I V E B A C K
Our students contribute
10 A V I C | Making an Impact
M E E T I N G W O R K F O R C E N E E D S
The independent colleges play a central role in the development of tomorrow’s labor force so that Vermont succeeds in an increasingly knowl-edge-intensive economy.
The 19 private institutions confer 53% of all degrees
in the state. They also award 43% of the certificates for
advancing select skills.
These degrees help prepare students for careers in areas
that are critical to the future of Vermont.
3A V I C | Making an Impact
T H E S T A T E W I D E P I C T U R E
Economic Impact by Region
Institutional Expenditures . . . . $590,117,845
Construction Expenditures . . . $121,777,830
Student Spending . . . . . . . . . . . . $92,131,276
Faculty and Staff Spending . . . $583,249,258
Visitor Spending . . . . . . . . . . . . . . $8,188,460
TOTAL STATEWIDE IMPACT $1,395,464,668
Estimated Total Economic Impact
of Independent Higher Education in VT
$330 mil
$750 mil
$315 mil
2 A V I C | Making an Impact
The total economic impact of private colleges and universities in Vermont is nearly $1.4 billion.
However, we prefer to think of our impact in terms of jobs, neighbors, and community support.
Our presence in communities across the State creates valuable partnerships and business opportunities for Vermonters.
11A V I C | Making an Impact
More than 82% of students at Vermont’s independent colleges and universities receive tuition assistance.
55% of our bachelor degree-seeking students graduate within four years compared to 39% at public institutions. This saves parents and students time and money.
I N V E S T I N G I N T H E F U T U R E
assoc ia t ion o f vermontindependent co l leges
A V I C M E M B E R S
Bennington CollegeBurlington CollegeChamplain College
College of St. JosephGoddard College
Green Mountain CollegeLandmark CollegeMarlboro College
Middlebury CollegeNew England Culinary Institute
Norwich UniversitySt. Michael’s College
S I TSouthern Vermont College
Sterling CollegeVermont College of Fine Arts
Vermont Law School
Associate Members:Albany College of Pharmacy & Health Sciences
Union Institute & University
…Independent thinking for a collaborative world
PO Box 254, Montpelier, VT 05601802.828.8826
www.vermont-icolleges.org 1 A V I C | Making an Impact
M A K I N G A N
I M P A C T
AVICA S S O C I A T I O N O F
V E R M O N TI N D E P E N D E N T C O L L E G E S
VERMONT: An Education Destination
The Economic Impact
of Private Higher Education in Vermont