Impact study highlights SVCC’s contributions
A recent economic impact study undertaken by Dr. Vincent Magnini, a researcher at Virginia Tech’s Pamplin College of Business in Blacksburg, examined the impact Southside Virginia Community College (SVCC) makes across its 10-county service area and throughout the commonwealth.
The findings identified economic contributions and other social benefits in our local region and beyond. The research emphasized that what makes SVCC different and what makes us special is how we take care of our students, how we take care of each other, and how we contribute to the communities we serve.
SVCC’s statewide economic impact for fiscal year 2019 was estimated at $166 million, of which $147.5 million remained within the counties that comprise the southside service area. Salaries and wages represented part of the total. The college’s work contributed to 877 direct and secondary full-time equivalent jobs, leading to combined incomes of $45 million. Other financial elements represented in the economic impact study included local spending by students and other campus visitors, increased income earned as a result of completed programs of study, and the value of federal, state, and local tax revenues.
Benefits beyond direct economic effects included expanding the workforce training pipeline to attract new businesses, using student-centric initiatives to achieve high satisfaction rates, and preparing transfer students to fill upper-level enrollment gaps at four-year institutions. In addition, SVCC offers opportunities to high school students seeking to earn college credits through the Governor’s School of Southside Virginia, career and technical programs, and other dual enrollment options.
In fact, more than 1,800 high school students earned credits for college courses at SVCC in fiscal year 2019. We appreciate the opportunity to help young adults from our region as they pursue academic and career goals. National statistics suggest that secondary students who earn college credentials graduate from four-year colleges or universities (senior institutions of higher education) within four years at a rate that is twice that of their traditional college-going peers who enroll at four-year colleges and universities directly out of high school. Furthermore, they will spend less on college expenses and accrue less debt.
We are also proud of the accomplishments among students who are the first in their families to attend college. In colleges nationwide, fewer than 33% of attendees are first-generation students. At SVCC, 65% of our program completers are first-generation college students. By increasing access to education and supporting the success of students from low-income, ethnic minorities, and rural families, we play an important role in improving their employability and earnings potential. These are vital ingredients in efforts to address racial equity and fairness.
SVCC’s strategic plan, “One College. One Mission,” focuses on continual improvement to student experiences and achievements. It also aligns with the Virginia Community College System’s strategic plan, “Complete 2020-21,” which emphasizes a tripling of earned credentials across our service area. Our efforts to track, monitor, and document evidence of success toward this goal will bring further clarity to the ways SVCC contributes to the well-being of the communities we serve.
The Virginia Tech study also noted SVCC’s regular recognition among honorees in the “Great Colleges to Work For” assessment. SVCC has earned specific distinctions in the categories of job satisfaction, professional and career development programs, and employee relationships with supervisors and academic leaders.
The SVCC family brings strength and passion to accomplishing the college’s mission. As our students and alumni know, SVCC’s mascot is the panther, and our “Panther Pride” continues to energize us in the pursuit of excellence.
DR. QUENTIN R. JOHNSON is president of Southside Virginia Community College, an institution of higher learning that provides a wide variety of education opportunities to a diverse student population within a service area that spans 10 counties. He can be reached via email at quentin.johnson@ southside.edu.
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