The Impact of Southwestern Ohio Council for Higher Education on the Economy of Southwest Ohio
The Southwestern Ohio Council for Higher Education (SOCHE) is a consortium of
colleges and universities dedicated to advancing higher education in the Dayton/Miami
Valley region. SOCHE has a considerable economic impact on the communities it
serves. The economic impact of the consortium is the subject of this analysis.
This study measures the economic impact on the Miami Valley of 19 colleges and
universities that are members of SOCHE.
What are the economic impacts of the schools of the Southwestern Ohio Council for Higher Education?
- The total economic impact of these 19 colleges and universities, including spending
by non-local students and visitors, is $2.95 billion.
- SOCHE members had a total economic impact of $2.65 billion in the 2005-06
academic/ fiscal year, which generated $1.07 billion in household income and
supported 33,648 full-time and part-time jobs including student jobs.
- The economic impact related to non-local student and visitor spending is
estimated at $266.3 million to $325.5 million ($295.9 million -/+ 10%).
- Through their operations and the related indirect and induced activity, SOCHE
members accounted for nearly $69.3 million in state and local tax revenues in
What is the combined spending and employment of SOCHE schools?
- In the 2005-06 academic/fiscal year, SOCHE member institutions' operating
expenditures totaled more than $1.14 billion, and they had capital expenditures
of $150.6 million.
- SOCHE members employed a total of 21,366 people, of which 39.8 percent were
full-time, and 60.2 percent were part-time and student workers.
Are there other impacts not measured by this study?
- This economic impact study does not measure non-economic benefits, but adheres
to accepted methods of analyzing regional economic impacts. While such an
approach will miss some advantages that SOCHE may have, it will provide
conservative estimates and minimize the possibility of overstating the actual
- SOCHE members also produce benefits through the development of human capital,
and make a significant contribution to the vitality of their communities through
lectures and other programs that are open to the public, service activities, and
participation in civic affairs. In addition, the members of SOCHE are involved in the
life of the larger community.
- Because a number of schools are undertaking major expansion projects, the overall
economic impact of member schools is expected to grow in the years ahead.