Return on Investment
For 10 years, anyone spending money in Sumner County will pay a half-cent sales tax to support the Cowley College campus development in Sumner County. How much will this cost? For every $100 you spend, you'll pay an additional 50 cents to support the college campus because of the half-cent sales tax increase.
It's an investment in the future of Sumner County. And we know it will pay off in a multitude of ways for the fiscal health of the county and its residents.
Here's a few examples of the benefits:
- 3,000 graduates, entering the workforce with the ability to earn higher wages because of their advanced skillset
- Local businesses hiring from within Sumner County first because residents have the training needed for 21st century jobs
- $48.8 million from federal dollars and grant money supporting post-secondary education
- $14.7 million in shared state dollars
- 12.94 million in compensation for faculty and staff employed at the Sumner County campus
- $8 million in construction and furnishing expenses
- $3.4 million in scholarships to area students attending Cowley College
- $2 million in utilities and maintenance
- $650,000 in sales tax generated by sales at the campus bookstore
It's well documented that community college campuses are good for the economy. Read more about the impact community colleges can have in rural communities.