The Economic Value of Somerset Community College

Reflects Fiscal Year 2022-23

About SCC

• 7,188 Credit students
• 1,508 Non-credit students
• 566 Employees

The SCC Service Area, KY

• Whitley
• McCreary
• Wayne
• Clinton
• Cumberland
• Adair
• Casey
• Lincoln
• Rockcastle
• Jackson
• Clay
• Laurel
• Pulaski
• Russell

1 out of every 56 jobs in the SCC Service Area is supported by the activities of SCC and its students.

SCC total annual impact

• $166.8 million in added income
• 2,819 jobs supported

Economic Impact Analysis

Alumni Impact

Impact of the increased earnings of SCC alumni and the businesses they work for.

$137.1 million in added income

• 21x: An economic boost similar to hosting the World Series
• 2,157 Jobs Supported

Operations spending impact

Impact of annual payroll and other spending.

• $26.6 million in added income: Enough to buy 564 new cars
• 639 Jobs supported

Student spending impact

Impact of the daily spending of SCC students attracted to or retained in the region.

$3.2 million in added income

• Enough to buy 255 families* a year's worth of groceries
• 23 Jobs supported

*family of four

Investment Analysis

For every $1...

• Students gain $7.70 in lifetime earnings
• Taxpayers gain $3.00 in added tax revenue and public sector savings
• Society gains $9.10 in added income and social savings

The average associate degree graduate from SCC will see an increase in earnings of $8,100 each year compared to someone with a high school diploma working in Kentucky.