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Howard County – Colleges/Universities 2023-2024

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Universities play a crucial role in shaping local economies by driving employment, fostering business growth, attracting investment, and enhancing the overall quality of life in their host communities. Their economic impact extends beyond direct spending to include long-term benefits such as workforce development, innovation, and cultural enrichment. Below, we explore the key ways in which a university influences a local economy.

  1. Direct Employment and Spending A university is often one of the largest employers in a local area, providing jobs for faculty, administrative staff, maintenance workers, and other professionals. These employees spend their salaries on housing, groceries, transportation, and entertainment, injecting money into the local economy. Additionally, universities spend significant amounts on construction, utilities, and local services, further stimulating business activity.

    Students also contribute to local spending. Many bring outside money into the community through tuition payments, federal aid, and personal expenditures on rent, food, and retail. A large student population can sustain businesses such as bookstores, coffee shops, restaurants, and housing providers.

  2. Business Development and Entrepreneurship Universities often serve as hubs for innovation and entrepreneurship. Research institutions, business incubators, and technology transfer offices help commercialize academic research, leading to startup formation and industry partnerships. For example, Stanford University's role in Silicon Valley's growth demonstrates how academic institutions can spur regional economic development.

    Local businesses benefit from university partnerships, including procurement contracts for supplies, catering, and maintenance services. Furthermore, universities attract conferences, sporting events, and cultural activities that generate tourism revenue for hotels, restaurants, and transportation services.

  3. Human Capital and Workforce Development A well-educated workforce is essential for economic competitiveness. Universities produce graduates with specialized skills that attract high-paying industries, such as technology, healthcare, and finance. Many graduates remain in the area, filling critical roles in local businesses and government.

    Universities also offer continuing education programs, professional certifications, and workforce training initiatives that help upskill local employees, making the regional labor market more adaptable to industry changes.

  4. Real Estate and Infrastructure Growth The presence of a university can drive demand for housing, both from students and faculty. This often leads to the development of new apartments, condominiums, and mixed-use commercial spaces. Over time, universities contribute to urban revitalization by investing in campus expansions, public transit improvements, and community amenities like libraries and parks.

    However, rapid growth can also lead to challenges, such as rising housing costs and gentrification, which may displace long-term residents. Local governments must balance economic expansion with policies that ensure affordable housing and equitable development.

  5. Cultural and Social Contributions Beyond economics, universities enrich local culture through arts programs, public lectures, and athletic events. These activities improve residents' quality of life, making the area more attractive to businesses and skilled workers. A vibrant university town often sees increased property values and a more diverse, engaged community.


Conclusion

The economic impact of a university on a local economy is multifaceted, encompassing job creation, business growth, talent development, and infrastructure investment. While challenges such as affordability and displacement must be managed, the long-term benefits-including innovation, increased tax revenues, and a more dynamic workforce-make universities vital engines of regional prosperity. By fostering collaboration between academia, government, and industry, communities can maximize these advantages while ensuring inclusive growth.
 
Capitol Technology University
Lincoln College of Technology-Columbia  
Strayer University-Maryland  
SANS Technology Institute  
Hood College  
McDaniel College  
Carroll Community College  
Stevenson University  
United States Naval Academy  
Bowie State University  
Frederick Community College  
Howard Community College  
Prince George's Community College  
Anne Arundel Community College  
University of Maryland-Baltimore County  
Community College of Baltimore County  
Montgomery College  
Towson University  
University of Maryland-College Park  
University of Maryland Global Campus  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
NA
NA

11,489
48,595

60,084
33
27
5
16
1
0
5
11
2

50,793
1
33
66
0

9,291

20

7,560
7,704
7,848
7,992


NA
NA
NA

31,396
31,396
35,740

18,072
18,072
22,416

2,284
7,843
3,582
0
41
0

1,355
0
0
8
66
339
927
29
108
0
4
0
102
2
0
2,940
45
23

36,362
4,451

40,813
38
12
20
9
0
0
4
4
12

30,608
0
95
5
0

10,205

18

10,779
10,955
11,233
11,505


30,885
30,885
59,686

32,915
32,915
61,716

17,013
17,013
45,814

0
8,075
3,078
631
39
0

2,198
1,694
0
113
185
157
2,572
822
649
68
816
0
226
431
109
10,040
83
19

15,585
3,942

19,527
42
30
7
10
0
0
5
3
2

16,517
1
89
9
0

3,010

14

10,198
10,464
10,818
11,306


31,390
31,390
48,410

31,390
31,390
48,410

15,746
15,746
32,766

0
4,064
844
12
38
0

1,180
2
0
26
20
356
332
150
133
29
51
8
233
79
37
2,636
NA
NA

6,123
11,657

17,780
19
25
13
29
0
0
4
0
9

17,780
12
65
22
1

0

17

5,322
5,322
5,322
5,394


NA
NA
NA

28,255
33,259
37,111

11,531
16,535
20,387

2,594
NA
NA
NA
NA
NA

671
0
34
27
148
171
119
274
3
4
203
5
201
65
3
1,928
NA
NA

4,219
11,584

15,803
33
38
6
8
0
0
4
2
8

15,803
15
48
37
1

0

15

4,380
4,380
4,380
4,380


NA
NA
NA

25,230
28,324
31,730

9,488
12,582
15,988

1,718
NA
NA
NA
NA
NA

562
0
111
24
216
67
95
68
111
1
151
0
276
52
11
1,745
74
20

11,523
2,625

14,148
28
20
19
8
0
0
5
1
18

10,490
2
88
10
0

3,658

18

9,420
12,280
12,606
12,952


32,170
32,170
49,526

35,190
35,190
52,546

19,284
19,284
36,640

0
2,419
1,000
100
0
0

696
221
0
35
8
408
297
146
137
15
39
6
138
46
18
2,210
NA
NA

2,929
8,229

11,158
49
18
4
12
0
0
6
8
2

11,158
16
52
29
2

0

17

4,910
4,910
4,970
4,178


NA
NA
NA

22,460
26,468
29,612

13,090
17,098
20,242

1,401
NA
NA
NA
NA
NA

386
0
125
9
121
88
60
57
11
15
95
8
164
2
1
1,142
NA
NA

3,025
7,488

10,513
4
59
3
19
0
0
3
8
3

10,513
22
50
28
1

0

16

3,746
3,746
3,914
3,914


NA
NA
NA

27,404
29,684
32,132

9,514
11,794
14,242

1,258
NA
NA
NA
NA
NA

367
0
88
10
116
50
57
92
58
2
82
0
110
11
5
1,048
NA
NA

2,277
6,263

8,540
24
29
14
13
0
0
6
7
6

8,540
21
52
27
1

0

13

4,080
4,080
4,088
4,080


NA
NA
NA

30,918
33,870
35,814

10,767
13,719
15,663

1,147
NA
NA
NA
NA
NA

326
0
37
6
88
43
42
45
37
6
3
0
72
65
6
776
NA
NA

1,864
4,932

6,796
54
14
6
17
0
0
7
0
2

6,796
35
44
19
1

0

18

3,748
3,772
3,772
3,772


NA
NA
NA

15,872
19,544
21,944

7,772
11,444
13,844

847
NA
NA
NA
NA
NA

193
0
44
2
62
80
28
33
33
3
15
0
120
32
2
647
84
19

4,853
1,555

6,408
4
79
1
5
0
0
4
2
3

5,288
2
82
16
0

1,120

16

8,444
8,558
8,748
8,999


26,431
26,431
37,321

29,770
29,770
40,660

13,159
13,159
24,049

0
855
191
17
0
0

352
0
0
6
0
133
135
37
61
6
31
3
114
8
4
890
9
85

4,465
0

4,465
58
6
10
14
0
0
9
1
1

4,465
1
98
1
0

0

8

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
1,029
0
0
0
0

327
9
0
25
18
25
81
145
44
8
48
0
55
37
22
844
83
18

2,899
608

3,507
49
30
4
9
0
0
6
1
1

3,028
1
89
9
0

479

15

37,868
38,168
38,738
39,708


59,986
59,986
59,986

56,967
56,967
56,967

45,208
45,208
45,208

0
748
220
0
0
0

215
0
0
4
61
41
21
21
66
26
26
1
27
15
10
534
NA
NA

901
2,263

3,164
75
6
4
8
0
0
5
1
0

3,164
31
51
18
0

0

15

4,128
4,128
4,128
4,128


NA
NA
NA

14,128
17,188
19,618

7,628
10,688
13,118

471
NA
NA
NA
NA
NA

113
0
24
4
48
29
18
20
18
3
31
0
67
7
0
382
84
13

2,290
592

2,882
57
18
2
8
0
0
4
3
8

1,665
1
97
2
0

1,217

13

46,851
47,311
46,800
49,647


66,145
66,145
66,145

64,251
64,251
64,251

55,223
55,223
55,223

0
373
288
0
0
0

258
0
0
11
8
56
22
8
85
1
21
1
52
19
1
543
78
12

1,434
644

2,078
54
15
3
11
0
0
5
5
7

1,209
1
93
6
0

869

11

42,300
43,140
44,500
45,870


65,142
65,142
65,142

65,418
65,418
65,418

49,650
49,650
49,650

0
255
212
7
0
0

144
0
0
7
12
27
19
16
30
3
10
0
32
0
1
301
NA
NA

196
1,575

1,771
57
7
7
11
0
0
4
3
11

691
0
12
88
0

1,080

5

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
20
84
0
0
0

53
2
0
0
23
6
1
2
0
0
0
0
0
0
0
87
NA
NA

191
1,254

1,445
16
67
2
6
0
1
5
3
0

1,177
0
9
90
1

268

39

13,515
13,515
13,515
13,920


NA
NA
NA

25,158
25,158
25,158

15,720
15,720
15,720

119
254
96
0
0
0

13
0
0
0
11
11
2
0
0
0
0
7
1
0
0
45
NA
NA

803
272

1,075
17
47
3
27
0
0
6
1
0

1,075
0
67
33
0

0

18

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

21
NA
NA
NA
NA
NA

70
0
0
0
5
23
0
2
0
0
2
0
12
0
1
115
78
26

674
228

902
34
31
8
7
0
1
2
13
4

266
3
77
20
0

636

9

26,874
26,934
27,004
27,318


45,794
45,794
45,794

52,114
52,114
52,114

32,758
32,758
32,758

1
75
45
82
0
0

60
0
0
0
10
25
7
3
4
0
4
0
5
0
0
118

Page 1 of 2
Yeshiva College of the Nations Capital
Bais HaMedrash and Mesivta of Baltimore  
Ner Israel Rabbinical College  
Fortis College-Landover  
St. John's College  
Maryland University of Integrative Health  
Washington Adventist University  
Percent admitted - total
Admissions yield - total

Full-time enrollment
Part-time enrollment

Total  enrollment
% White
% Black
% Asian
% Hispanic
% Native Hawaiian or Other Pacific Islander
% American Indian or Alaska Native
% two or more races
% Race/ethnicity unknown
% U.S. Nonresident

Undergraduate enrollment
% under 18
% 18-24
% 25-64
% over 65

Graduate enrollment

Student-to-faculty ratio

Tuition and fees, 2020-21
2021-22
2022-23
2023-24

Total price for
In-district students living on campus  2023-24
In-state students living on campus 2023-24
Out-of-state students living on campus 2023-24

In-district students living off campus (no family)  2023-24
In-state students living off campus (no family)  2023-24
Out-of-state students living off campus (no family)  2023-24

In-district students living off campus (w/ family)  2023-24
In-state students living off campus (w/ family)  2023-24
Out-of-state students living off campus (w/ family)  2023-24

Associate's degree
Bachelor's degree
Master's degree
Doctor's degree - research/scholarship
Doctor's degree - professional practice
Doctor's degree - other

Instructional FTE
Research FTE
Public Service FTE
Librarians, Curators, and Archivists FTE
Student/Academic Affairs and Other Education Services FTE
Management FTE
Business and Financial Operations FTE
Computer, Engineering, and Science FTE
Community Service, Legal, Arts, and Media FTE
Healthcare FTE
Service FTE
Sales and Related FTE
Office and Administrative Support FTE
Natural Resources, Construction, and Maintenance FTE
Production, Transportation, and Material Moving FTE
Total FTE staff
45
14

473
222

695
4
38
2
21
1
0
4
16
14

605
12
63
25
0

90

7

25,200
25,200
25,200
25,200


37,840
37,840
37,840

32,200
32,200
32,200

27,400
27,400
27,400

13
131
35
0
0
0

75
0
0
2
6
26
7
6
8
0
9
1
8
8
3
159
NA
NA

38
608

646
56
21
5
6
0
0
3
6
1

0
NA
NA
NA
NA

646

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
175
0
35
0

60
0
0
1
14
22
5
4
0
5
0
0
17
0
0
128
44
28

529
49

578
64
2
4
7
0
0
5
4
14

488
0
96
4
0

90

8

35,935
36,170
37,260
39,126


55,540
55,540
55,540

53,886
53,886
53,886

40,886
40,886
40,886

0
91
26
0
0
0

69
0
0
5
0
30
3
5
4
1
27
2
8
3
0
157
NA
NA

576
0

576
7
64
3
22
0
0
2
1
0

576
0
53
47
0

0

22

15,211
15,362
15,667
15,537


NA
NA
NA

38,342
38,342
38,342

19,892
19,892
19,892

46
NA
NA
NA
NA
NA

26
0
0
0
0
6
6
0
7
1
0
0
2
0
0
48
79
80

438
11

449
91
0
0
0
0
0
0
0
9

292
1
90
9
0

157

20

12,900
13,200
13,700
14,400


26,750
26,750
26,750

36,850
36,850
36,850

19,150
19,150
19,150

0
48
26
1
3
0

14
1
0
0
6
6
0
2
1
0
19
7
7
0
0
63
100
100

91
0

91
100
0
0
0
0
0
0
0
0

91
0
100
0
0

0

14

13,100
13,100
13,100
13,100


24,300
24,300
24,300

NA
NA
NA

NA
NA
NA

0
16
0
0
0
0

8
0
0
0
0
2
2
0
0
0
0
0
1
0
0
13
NA
NA

57
0

57
100
0
0
0
0
0
0
0
0

57
2
98
0
0

0

8

10,600
10,600
10,600
11,100


25,800
25,800
25,800

25,800
25,800
25,800

13,300
13,300
13,300

0
4
0
0
0
0

8
0
0
0
0
0
0
0
0
0
0
0
1
0
0
9

Page 2 of 2


Sources: STI: PopStats and STI: Colossus