JWCC is part of Illinois Community Colleges’ $27.2 Billion Statewide Economic Impact
Quincy, Illinois – Illinois Community College Board data released recently shows that Illinois’ community colleges are a powerful driver of the state’s economy, generating $27.2 billion in total economic impact and supporting 324,273 jobs statewide, according to a newly released economic impact study.
The report from Lightcast, The Economic Value of the Community Colleges of Illinois, reflects fiscal year 2023–24 data and underscores the critical role community colleges — including John Wood Community College (JWCC) — play in workforce development, business growth, and economic mobility across the state.
JWCC’s total economic impact for the 2023-24 year was $104 million based on added income from the College’s operations spending ($14.1 million), alumni increased earnings ($87 million), student spending ($2.9 million), and construction spending ($500,000).
JWCC serves more than 1800 students annually, with its largest enrollments in the high-opportunity technical pathways of healthcare, manufacturing, transportation, logistics, welding, and agriculture and bachelor’s pathways in STEM, psychology, business and education.
“Having a community college in this region is an economic driver and solid investment for students, business, and the community,” JWCC President Dr. Aron Potter said. “As the community’s partner and leader in workforce training, we provide the pipeline of skilled employees who work and establish roots in this region to keep the economy vibrant and growing.”
JWCC’s newly expanded Workforce Development Center enhances the College’s regional impact, offering certificates, degrees, and customized training to students and incumbent workers. The center is home to Illinois’ first Federation of Advanced Manufacturing Education (FAME) chapter comprised of six regional manufacturers who select students to work three days a week to apply manufacturing knowledge and skills learned at JWCC.
Data from the study also showed students receive an 11.4 percent annual return on their investment. In total, JWCC students paid a present value of $10.4 million to cover the cost of tuition, fees, supplies, and interest on student loans and forwent $4.8 million in time and money while attending college, although the majority of JWCC students work multiple jobs while training. In return, students will receive a cumulative present value of $42.2 million in increased earnings over their working lives.
“When some students may question the value of college, JWCC is offering an incredible return on their investment of tuition and time,” Potter said. “Whether it is jumpstarting college in high school, completing a technical or trade credential, or starting a bachelor’s degree, JWCC graduates have less debt and clear pathways to high-opportunity careers which give them confidence in their decision to enroll with us.”
Recognized in two consecutive cycles by the prestigious Aspen Institute as a top community college in the country, JWCC is the only Illinois community college invited to the Rural Guided Pathways project focused on improving students’ entry into and completion of high-opportunity career pathways.
In addition to economic impact, the study reinforces the role community colleges play in advancing workforce readiness, increasing earning potential, and improving quality of life. The average associate degree graduate earns $8,400 more annually than a high school graduate.
Key findings from the study include:
STATEWIDE IMPACT HIGHLIGHTS
JWCC REGIONAL IMPACT HIGHLIGHTS
“This report clearly demonstrates that Illinois community colleges are among the most effective investments our state can make. The return is not only measured in economic impact, but in stronger communities, a more competitive workforce, and expanded opportunities for students across Illinois. Our colleges deliver value at every level — for students, for taxpayers, and for the future of our state,” said Jim Reed, President of the Illinois Community College Trustee’s Association.
