Indiana University Kokomo makes vital impact on region
May 20, 2009
Kokomo, Ind. – The Indiana University Kokomo campus makes an impressive “economic footprint” on the north central Indiana region, with more than $22 million spent on faculty and staff compensation and the purchase of goods and services. This economic activity generates approximately $627,000 in state and local taxes, according to an impact study conducted by the Indiana Business Research Center at IU's Kelley School of Business.
IU Kokomo conferred 2,000 associate, bachelor’s and master’s degrees between 2002 and 2007 to students originally from its region, accounting for 11 percent of all degrees conferred by Indiana public universities. IU Kokomo is almost as popular as IUPUI among life sciences degree graduates from the campus region. During the five year period, 695 attended IU Kokomo, only 10 fewer than IUPUI and more than the 632 who attended Purdue University–West Lafayette.
IU Kokomo graduates earning baccalaureate degrees or higher can expect far greater lifetime earnings than someone with a two-year associate degree. The typical male IU Kokomo graduate can expect to earn $1.8 million over his lifetime and the typical female graduate can anticipate $1.3 million in lifetime earnings. These figures are 39 percent and 30 percent greater, respectively, than the expected lifetime earnings of male and female associate degree recipients.
Additionally, 87 percent of IU Kokomo graduates who received degrees between 1998 and 2002 resided in the state as of 2008 and 76 percent reside within an 11 county area. The most common counties of residence are Howard, Cass, and Miami counties.
Through service-learning programs and volunteerism, students as well as staff and faculty “give back” to their community. The estimated benefits of student and staff civic contributions in 2006-07 were $123,300. In addition, members of the IU Kokomo community also made $220,500 in charitable contributions to organizations within the campus region.
To review the entire “Impact Study 2008,” go to www.iuk.edu and click on link found on the home page.
Indiana University Kokomo serves a seven county, primary service area in north central Indiana. The campus offers more than 40 academic programs including four graduate degrees.
