Illinois’ community colleges are doing far more than educating students. They are also powering the state’s economy in a big way.

According to a new report from the Illinois Community College Board, community colleges across Illinois generated an impressive $27.2 billion in total economic impact during the 2023–24 fiscal year. This supports more than 324,000 jobs statewide. The findings also highlight that these institutions are essential engines of growth, opportunity and workforce development.

The study, titled The Economic Value of the Community Colleges of Illinois, shows that the biggest impact comes from graduates themselves. The study proved that former students contribute an estimated $25 billion in added income to the state’s economy. This demonstrates how education continues to pay dividends long after students leave the classroom.

According to Josh Bullock, President of Lake Land College, “This study validates the work that community colleges do every day to create opportunity throughout our regions.” Bullock also said that they are committed to delivering value through partnerships that meet local business needs as well as programs that fit the lives of their students.

Across Illinois, community colleges contribute in multiple ways. Those ways vary from campus operations and construction projects to student spending in local communities.

The most lasting impact is preparing graduates for in-demand careers that strengthen industries and local economies.

More details on Lakeland College can be found at https://www.lakelandcollege.edu/