The College of Menominee Nation in partnership with Lightcast and the American Indian Higher Education Consortium has announced its findings from a recent economic impact study, reflecting CMN’s effects on the local and regional economies, as well as the benefits created by the college in its continued pursuit of student employability and community enrichment.
The impact study’s results reflect the college’s 2022-23 fiscal year, showcasing more than $16,000,000 in added income to the Menominee Indian Reservation and Shawano County economy. With 321 jobs supported from this income, the college and its students support roughly one out of every 68 jobs in this region.
Included in the findings are:
• Operations spending for full-time and part-time staff and faculty total $7 million.
• Visitor spending by out-of-region visitors attracted to the Menominee Indian Reservation and Shawano County total $30,100.
• Student spending that includes relocated and retained students, money spent on groceries, rent and other living expenses were $287,700.
• Another $8.6 million was attributed to local and regional employment from CMN alumni.
• For every $1 taxed in the region, students gain $6.80 in lifetime earnings, while local communities gain $2.80 in added income and social savings.
The study also highlights industry-specific job impacts, focusing on the college’s emphasis in health care and social assistance, as well as other non-public administration services.
A similar study was conducted in 2014, and this follow-up endeavor reflects the college’s ongoing commitment to investing in and strengthening the local and regional communities and economies.
Lightcast’s study was conducted using industry and employment data from the U.S. Bureau of Labor Statistics and Census Bureau, outputs of Lightcast’s Multi-Regional Social Accounting Matrix model, and a variety of studies and surveys relating education to social behavior.
The study applies a conservative methodology and follows standard practice using only the most recognized indicators of economic impact and investment effectiveness.
To view the executive summary of the impact study, visit www.menominee.edu/about-cmn/2024-economic-impact-study. For a full description of the data and approach used in the study, contact the college for a copy of the main report.
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