Butler Releases Study Detailing Regional Economic Impact of $754.4 Million

An economic impact study released today by Butler Community College reveals the college has a $754.4 million annual impact, equivalent to supporting 10,792 jobs in Butler’s 10-county primary market in south central Kansas. In addition, the study found that one out of every 40 jobs within the same area is supported by the activities of Butler and its students.

The study, conducted by labor market analytics firm Lightcast, found other areas of high return on investment in Butler, highlighting its value as not just a traditional educational institution but a regional workforce development and economic powerhouse. 

According to Lightcast, Butler students can expect to receive higher future earnings that will continue to grow as a return on their investment. For example, Butler graduates from FY2021-22 will see a cumulative present value of $386.2 million in increased earnings over their working lives. For every $1 students invest in Butler in the form of out-of-pocket expenses and forgone time and money, they can expect to receive $10 in future lifetime earnings. 

“This study validates Butler’s mission to change students’ lives and advance our communities’ vitality,” said Butler President Dr. Kim Krull. “As the largest employer in Butler County and a higher education institution of excellence, we contribute to the county as well as the entire southcentral Kansas region by helping students meet their educational goals, supporting workforce needs and impacting economic growth.” 

For every dollar of public money invested in Butler, taxpayers will receive $4 in return over the course of the students’ working lives, with a 9.7% average annual rate of return, according to the study. 

“Butler values the support provided by local taxpayers, student tuition and fees, and state funding, and we are proud it creates significant returns on those investments overall,” Krull continued. “Butler’s overall economic impact of $754.4M and support of one in every 40 jobs points to the importance of Butler students enrolling from the region and staying in the region upon completion at Butler to contribute to the economic prosperity of the region and state.” 

Butler's overall economic impact is a result of $43.8 million in operational spending, $9.9 million in student spending, and $700.8 million in alumni income during the 2021-2022 fiscal year.