Highline College will receive the Regional Impact Award from the Greater Federal Way Chamber of Commerce this fall, according to a Sept. 17 story in the Federal Way Mirror. The Regional Impact Award winner is selected for its commitment to enhancing the economic prosperity of the region, among other factors.
A recent economic impact study quantifies Highline’s impact. The study, released in December 2016, found that Highline and its students added $631.5 million in income to the King County economy, which is equivalent to supporting 8,675 jobs.
The return on investment was equally telling. For every $1 spent, the study found society gained $9.80 in added taxes and public sector savings, taxpayers gained $4.70 in added state revenue and social savings, and students gained $2.30 in lifetime earnings.
Conducted by Economic Modeling Specialists International, the study reflects student and financial data for fiscal year 2014–15.
The award presentation will be part of the Federal Way Chamber’s annual gala on Nov. 3, 2018, at the Washington History Museum.