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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.
The report also demonstrates that the College is one of the best investments students and community members can make.
- For every $1 students invest in their education at Mohave College, they gain $6.30 in higher lifetime earnings, translating to a 21.9% annual return, which is more than double the 30-year average annual return of the U.S. stock market.
- Every $1 invested in the college through state and regional funding generates $6.40 in social and economic benefits, including lower health care costs, reduced crime and higher overall productivity. Taxpayers also gain $31.8 million in added tax revenue and public sector savings.
“These figures show that this college is a very smart investment for students and communities,” said Dr. Culver. “Beyond the numbers, it’s clear the college is helping students achieve their goals while strengthening local industries such as healthcare, the skilled trades and technology, just to name a few.”
From career certificates in technology, health care, and manufacturing to transfer-ready degrees, and soon bachelor’s degree, Mohave College continues shaping brighter futures across northwestern Arizona.
Computer Information Systems faculty Gerald Gridiron teaching students enrolled in his 16-week fall semester course. There’s still time to sign up for the fall semester with twelve-week classes starting Sept. 15 and eight-week classes starting Oct. 13.