The Economic Value of HCTC
The value of Hazard Community and Technical College influences both the lives of students and the regional economy. The college serves a range of industries in the Kentucky River Area Development District (Breathitt, Knott, Lee, Leslie, Owsley, Perry, and Wolfe Counties), supports local businesses, and benefits society as a whole in Kentucky from an expanded economy and improved quality of life. The benefits created by HCTC even extend to the state government through increased tax revenues and public sector savings.
An Economic Impact Study was prepared in November 2017. This study investigates the economic impacts created by HCTC on the business community and the benefits that the college generates in return for the investments made by its key stakeholder groups—students, taxpayers, and society. Two analyses are presented: Economic Impact analysis and Investment Analysis.
All results reflect student and financial data for fiscal year (FY) 2015-16. Impacts on the regional business community are reported under the economic impact analysis. Results are measured in terms of added income. The returns on investment to students, taxpayers, and society are reported under the investment analysis.
Questions? Please contact the HCTC President’s Office at 606/487-3100.