Hope College December 2011 Supplement : Page 1EXECUTIVE SUMMARY KEY FINDINGS $213 million 80.5% HOPE AND THE SURROUNDING COMMUNITY ARE INEXTRICABLY CONNECTED. It is hard to think of Holland without Hope College. From their founding, Hope and Holland have been intertwined. Hope enjoys a great “town/gown” relationship that provides a welcoming environment and enhances the rare educational combination of rigorous academics and relevant, vibrant Christian faith which the college provides. At the same time, the surrounding community benefits from the many intellectual, social, and cultural opportunities the college offers and the people it brings into the community. Hope College also generates new money to stimulate the local economy as 80.5% of the college revenue comes from out of the region. This report was created to demonstrate these tangible benefits by quantifying that impact on Ottawa and Allegan counties from July 1, 2009 to June 30, 2010.* The total amount that Hope College contributed in economic impact to the Holland region during 2010. The percentage of Hope College revenue that comes from outside of the region. 1 in 40 $1 in every $40 in the region is spent because of Hope and 1 in every 40 people in the region is here because of Hope. In one year, Hope College contributes $213 million in economic impact to the surrounding community. SPENDING Direct spending from Hope, its employees, students, and visitors, as well as secondary spending by businesses and governments, contributed over $89 million in economic impact. 1,000 The number of jobs created because of Hope College. $92 million The amount of money that Hope has pumped directly into the local economy in the last decade through building projects. In a year, Hope employees and students spend more than KNOWLEDGE AND SERVICE Hope alumni contributed over $76 million in increased earnings and $43 million in social benefits. In addition, Hope had a positive impact of $4 million in cultural and community service benefits. to the local community, the equivalent of one person working around the clock for over 14 years. 1 HOPE COLLEGE 127,000 hours in service LOCAL GOVERNMENT Taking into account state revenue, property tax, public safety and street use, the City of Holland treasury received a $359,000 net benefit due to the presence of Hope. *See page six for additional study information. EXECUTIVE SUMMARYHOPE AND THE SURROUNDING COMMUNITY ARE INEXTRICABLY CONNECTED.<br /> <br /> It is hard to think of Holland without Hope College. From their founding, Hope and Holland have been intertwined. Hope enjoys a great “town/gown” relationship that provides a welcoming environment and enhances the rare educational combination of rigorous academics and relevant, vibrant Christian faith which the college provides.<br /> <br /> At the same time, the surrounding community benefits from the many intellectual, social, and cultural opportunities the college offers and the people it brings into the community. Hope College also generates new money to stimulate the local economy as 80.5% of the college revenue comes from out of the region.<br /> <br /> This report was created to demonstrate these tangible benefits by quantifying that impact on Ottawa and Allegan counties from July 1, 2009 to June 30, 2010.*<br /> <br /> SPENDING<br /> <br /> Direct spending from Hope, its employees, students, and visitors, as well as secondary spending by businesses and governments, contributed over $89 million in economic impact.<br /> <br /> KNOWLEDGE AND SERVICE<br /> <br /> Hope alumni contributed over $76 million in increased earnings and $43 million in social benefits. In addition, Hope had a positive impact of $4 million in cultural and community service benefits.<br /> <br /> LOCAL GOVERNMENT<br /> <br /> Taking into account state revenue, property tax, public safety and street use, the City of Holland treasury received a $359,000 net benefit due to the presence of Hope. Publication List Using a screen reader? Click Here |
