$81.8 million in impact: HCTC plays pivotal role in region’s local economy | HCTC

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$81.8 million in impact: HCTC plays pivotal role in region’s local economy

Hazard Community & Technical College's (HCTC's) 2022-23 impact study indicates the college plays a pivotal role in the local economy, with $81.8 million in total income added to its service region. 

HCTC primarily serves Breathitt, Knott, Lee, Leslie, Owsley, Perry and Wolfe counties. 

Lightcast, a global leader in labor market analytics, conducted the study. An economic impact analysis measures how an institution affects the local economy. The $81.8 million figure represents 4% of the region's gross regional product. 

"The impact study highlights what we've lived and seen. HCTC makes a difference in the communities we serve," Dr. Jennifer Lindon, HCTC president and chief executive officer, said. "Whether partnering with local employers to meet their needs, connecting students with high-quality technical training or employing our region's best who have passions for education, we're transforming the Kentucky River region." 

Of that figure, $12.4 million goes to HCTC's 279 employees in benefits and wages. Additionally, HCTC's alumni impact constitutes $65.5 million in income, with 1,128 jobs in the region being filled by those individuals or one out of 21 jobs. 

"Not only does our institution provide our alumni with preparation for high-paying, in-demand careers, we're also doing so for an increasing number of people," Dr. Lindon said. "The pandemic, two floods and numerous other challenges have affected our students' abilities to attend school. Regardless of those factors, the study found that we served 4,000 students during the 2022-23 academic year."

For more information about the economic impact study, visit the Economic Impact of the Kentucky Community & Technical College System webpage