Lone Star College adds nearly $3 billion annually to the economy

HOUSTON (July 25, 2024) – A study conducted by Lightcast reported Lone Star College has an annual economic influence of $2.7 billion, emphasizing the important role the college plays in its region. Lightcast is a leading provider of economic impact studies and labor market data to educational institutions, workforce planners and regional developers in the U.S. and internationally. & “Lone Star College always seeks to contribute to the community, especially helping students learn the skills necessary to become productive citizens,” said Mario K. Castillo, J.D., LSC chancellor. “It is gratifying to know that Lone Star College also has a positive influence on the regional economy and the benefits generated by the college for students, taxpayers and society.” & The study showed: For every dollar invested in LSC in FY 2022-23, Texas residents will receive $14.30 in return, for as long as LSC’s FY 2022-23 students remain active in the state workforce. Students receive a cumulative present value of $1.9 billion in increased earnings over their working lives in return for their investment. This translates to a return of $6 in higher future earnings for every dollar students invest in their education. Students’ average annual rate of return is 19.9%. &...