Mohave College Delivers $199 Million Annual Economic Impact, Proves to Be a Smart Investment for Students and Communities

MOHAVE COUNTY – A new independent economic impact study reveals the transformative value Mohave College provides by strengthening the workforce, uplifting the regional economy, and delivering life-changing opportunities for students.

The College is a major driver of economic growth and opportunity, generating $199 million in added value for the Mohave County economy in fiscal year 2023–24 which is 29% higher than a previous study conducted in 2021-2022. The College’s total economic impact represents 2.8% of Mohave County’s Gross Regional Product (GRP), an economic contribution comparable to many of the county’s largest industries.

“This study confirms what our students, alumni and partners already know, that Mohave College is a vital engine of opportunity for our region,” said Dr. Tim Culver, Interim President of Mohave College. “We’re committed to expanding pathways that not only change individual lives but also strengthen the economic and social fabric of the County for generations to come.”

The study conducted by Lightcast, a world leader in labor market analysis, shows that Mohave College – through its operations, students, and alumni – supports one out of every 28 jobs in Mohave County.  Alumni account for the largest share of this impact, contributing $158 million to the local economy through higher earnings and increased productivity. The College alumni are working in a wide range of industries across the region, including health care, social services, professional and technical services, retail and skilled trades.

Continue reading the press release here.