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Hampden 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.
 
American International College
Williams College  
Trinity College  
Mount Holyoke College  
Bay Path University  
Springfield College  
Smith College  
Goodwin University  
College of the Holy Cross  
Mount Wachusett Community College  
Western New England University  
Holyoke Community College  
Clark University  
Springfield Technical Community College  
University of Hartford  
Worcester Polytechnic Institute  
Central Connecticut State University  
University of Connecticut  
University of Massachusetts-Amherst  
Connecticut State Community College  
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

12,047
22,944

34,991
40
17
4
31
0
0
4
3
1

34,991
6
62
31
1

0

15

4,556
4,596
4,820
5,092


NA
NA
NA

28,514
28,514
38,262

14,130
14,130
23,878

4,380
NA
NA
NA
NA
NA

1,472
0
0
53
456
120
98
68
211
19
123
6
192
53
1
2,872
58
18

25,662
6,148

31,810
54
4
12
8
0
0
4
4
14

23,936
1
94
5
0

7,874

18

16,439
16,439
16,952
17,357


34,666
34,666
56,602

35,234
35,234
57,170

22,197
22,197
44,133

28
6,838
2,094
293
26
0

1,566
317
22
79
391
271
447
554
344
93
1,247
4
634
251
92
6,312
54
17

24,327
3,037

27,364
50
7
11
14
0
0
4
1
12

19,388
3
94
2
0

7,976

16

17,834
18,524
19,434
20,366


39,682
39,682
62,350

40,450
40,450
63,118

25,344
25,344
48,012

24
5,314
1,714
344
418
0

2,399
397
62
78
54
337
435
728
451
1,020
728
2
2,074
480
6
9,251
76
23

6,900
2,812

9,712
56
13
5
19
0
0
3
2
2

7,917
5
79
16
0

1,795

14

11,502
11,542
12,106
12,460


29,026
29,026
42,302

29,026
29,026
42,302

17,036
17,036
30,312

0
1,778
453
16
25
0

562
0
0
16
123
54
58
33
47
8
78
0
101
25
9
1,114
58
20

6,197
1,156

7,353
57
3
11
7
0
0
3
4
15

5,453
2
97
1
0

1,900

13

54,416
55,731
57,096
59,070


79,542
79,542
79,542

79,542
79,542
79,542

62,970
62,970
62,970

0
1,088
785
88
0
0

479
41
0
16
13
130
126
105
127
8
109
0
120
18
0
1,292
83
11

4,576
1,337

5,913
54
14
5
15
0
0
2
5
6

4,131
4
92
4
0

1,782

11

43,560
44,885
46,148
47,647


66,464
66,464
66,464

65,193
65,193
65,193

52,892
52,892
52,892

100
810
734
17
63
0

446
0
0
12
34
16
187
2
54
4
36
2
118
0
0
911
NA
NA

1,674
2,887

4,561
36
14
4
34
0
0
3
8
0

4,561
6
52
41
0

0

19

5,560
5,520
5,520
5,520


NA
NA
NA

21,534
21,534
26,742

12,849
12,849
18,057

599
NA
NA
NA
NA
NA

140
0
0
8
16
56
14
10
31
7
49
0
98
6
0
435
42
14

3,830
294

4,124
43
4
5
8
0
0
3
2
35

2,369
4
95
1
0

1,755

9

48,602
50,302
52,352
55,160


68,700
68,700
68,700

68,800
68,800
68,800

57,110
57,110
57,110

0
602
661
28
0
0

304
0
0
4
69
33
61
61
89
2
81
0
75
18
5
802
NA
NA

1,210
2,496

3,706
51
7
3
32
0
0
4
3
1

3,706
9
54
37
1

0

14

5,378
5,378
5,570
5,810


NA
NA
NA

22,786
22,786
27,730

10,746
10,746
15,690

527
NA
NA
NA
NA
NA

162
0
0
6
84
66
7
14
32
1
28
0
80
6
6
492
83
13

3,009
565

3,574
65
6
4
12
0
0
3
4
7

2,584
2
95
3
0

990

12

39,216
40,380
44,500
46,430


64,390
64,390
64,390

58,830
58,830
58,830

50,960
50,960
50,960

0
552
187
2
192
0

282
0
0
10
13
114
22
18
56
5
104
0
44
14
2
684
NA
NA

893
2,311

3,204
58
10
3
23
0
0
3
2
0

3,204
18
44
37
0

0

14

5,668
5,668
5,760
6,000


NA
NA
NA

21,825
21,825
26,745

12,013
12,013
16,933

409
NA
NA
NA
NA
NA

117
0
0
4
18
63
18
13
99
0
46
0
52
7
0
437
21
45

3,015
20

3,035
71
4
3
12
0
0
4
3
3

3,035
1
99
0
0

0

9

54,770
56,540
58,360
60,850


80,500
80,500
80,500

80,500
80,500
80,500

73,350
73,350
73,350

0
748
0
0
0
0

323
1
0
20
49
66
115
49
155
11
231
1
100
28
5
1,154
NA
NA

366
2,668

3,034
37
26
3
25
0
1
1
7
0

2,911
5
24
71
0

123

14

20,998
21,198
21,198
21,198


34,370
34,370
34,370

48,547
48,547
48,547

30,630
30,630
30,630

449
138
54
0
0
0

147
0
0
2
74
8
42
21
18
0
40
0
47
0
4
403
20
33

2,783
47

2,830
54
5
9
12
0
0
6
2
12

2,506
2
96
2
0

324

8

54,224
56,114
58,768
61,568


86,030
86,030
86,030

75,138
75,138
75,138

74,514
74,514
74,514

0
622
130
13
0
0

367
7
0
41
84
95
164
75
42
7
204
1
158
37
14
1,296
70
19

2,596
189

2,785
68
7
3
10
0
1
1
5
5

1,924
0
99
1
0

861

11

40,480
40,480
41,694
43,707


61,559
61,559
61,559

61,559
61,559
61,559

47,357
47,357
47,357

0
469
343
8
50
0

250
0
0
13
35
60
21
15
26
8
77
0
110
9
1
625
73
16

1,226
1,417

2,643
52
11
3
19
0
0
1
13
0

1,278
3
46
51
0

1,365

7

35,781
35,781
36,497
37,227


54,243
54,243
54,243

44,927
44,927
44,927

41,427
41,427
41,427

8
307
455
0
33
0

230
0
0
6
45
68
12
10
8
1
17
0
27
2
1
427
38
30

2,206
124

2,330
51
5
7
9
0
0
5
1
21

2,209
1
96
2
0

121

9

54,618
56,518
58,498
64,142


84,980
84,980
84,980

81,062
81,062
81,062

68,542
68,542
68,542

0
501
58
0
0
0

236
0
0
26
58
81
54
76
48
8
178
2
74
39
4
884
34
27

2,190
86

2,276
60
6
4
9
0
0
4
4
13

2,237
2
97
1
0

39

9

59,050
61,370
63,930
67,420


87,910
87,910
87,910

87,910
87,910
87,910

69,920
69,920
69,920

0
505
15
0
0
0

255
2
0
14
55
54
58
42
84
0
30
0
43
3
0
640
10
47

2,126
42

2,168
47
5
14
13
0
0
8
4
10

2,112
3
96
1
0

56

6

50,450
59,660
61,770
64,860


84,860
84,860
84,860

NA
NA
NA

NA
NA
NA

0
572
38
0
0
0

339
0
0
36
55
140
77
76
82
7
208
0
118
32
15
1,185
97
13

1,785
357

2,142
44
19
1
20
1
0
3
5
5

1,331
15
77
7
0

811

16

38,220
39,370
40,550
42,970


62,300
62,300
62,300

54,430
54,430
54,430

48,370
48,370
48,370

1
212
328
1
35
0

164
0
0
6
32
27
26
7
47
3
0
0
21
0
0
333

Page 1 of 2
Conway School of Landscape Design
Hartford International University for Religion and Peace  
Bard College at Simon's Rock  
Springfield College-Regional, Online, and Continuing Education  
Hampshire College  
College of Our Lady of the Elms  
Nichols College  
University of Massachusetts Chan Medical School  
University of Connecticut-Hartford Campus  
Berkshire Community College  
Charter Oak State College  
Amherst College  
University of Saint Joseph  
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
80
12

1,445
494

1,939
60
12
5
16
0
0
3
3
1

879
8
83
9
0

1,060

9

41,736
43,084
44,366
45,908


62,324
62,324
62,324

63,350
63,350
63,350

49,760
49,760
49,760

0
226
424
0
37
0

159
0
0
10
161
35
18
12
42
28
33
0
19
4
0
521
10
39

1,910
0

1,910
36
11
16
15
0
0
8
1
12

1,910
2
97
1
0

0

7

60,430
61,160
64,100
67,280


87,640
87,640
87,640

87,640
87,640
87,640

70,080
70,080
70,080

0
461
0
0
0
0

286
0
0
36
32
115
79
85
101
12
205
0
128
30
11
1,120
NA
NA

539
1,227

1,766
50
20
3
21
0
0
2
2
0

1,683
0
16
84
0

83

16

8,553
8,254
8,254
8,506


NA
NA
NA

23,210
23,210
23,210

16,810
16,810
16,810

49
420
36
0
0
0

56
0
0
0
51
24
8
10
15
0
0
0
6
0
0
170
NA
NA

346
1,226

1,572
67
8
2
13
0
1
5
4
0

1,572
27
39
34
0

0

10

5,492
5,492
5,492
5,612


NA
NA
NA

30,376
30,376
35,992

12,626
12,626
18,242

190
NA
NA
NA
NA
NA

86
0
0
3
43
38
6
13
5
0
14
0
35
1
0
244
86
22

1,405
89

1,494
42
14
19
18
0
0
4
1
2

1,494
9
86
5
0

0

24

15,236
15,868
16,650
17,452


NA
NA
NA

37,536
37,536
60,204

22,430
22,430
45,098

0
55
18
4
4
0

25
4
1
1
1
4
5
8
5
11
8
0
22
5
0
100
NA
NA

1,316
78

1,394
49
7
19
4
0
0
7
6
8

0
NA
NA
NA
NA

1,394

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
59
58
206
0

1,581
645
0
21
0
141
1,328
263
4
1,022
143
0
223
66
40
5,477
88
18

1,125
229

1,354
73
8
1
10
0
0
3
1
3

1,152
2
92
6
0

202

15

36,540
37,300
38,800
40,375


59,025
59,025
59,025

53,125
53,125
53,125

44,725
44,725
44,725

9
247
128
0
0
0

80
0
0
1
4
54
10
6
33
4
18
0
15
4
0
229
88
16

945
387

1,332
43
12
3
22
0
0
2
16
2

1,038
8
67
26
0

294

11

38,391
39,449
40,635
42,061


61,077
61,077
61,077

57,425
57,425
57,425

46,327
46,327
46,327

2
297
85
0
17
0

91
0
0
3
9
37
11
8
22
4
21
0
17
0
0
223
70
17

717
0

717
59
7
3
13
0
0
7
4
7

717
3
93
5
0

0

13

51,768
52,738
54,452
56,630


74,274
74,274
74,274

74,274
74,274
74,274

59,120
59,120
59,120

0
68
0
0
0
0

52
0
0
9
28
23
24
7
28
0
78
5
20
10
0
284
NA
NA

88
333

421
33
32
1
25
0
1
3
3
1

254
0
5
94
1

167

7

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
105
81
0
0
0

18
0
0
0
3
1
1
1
0
0
0
0
7
0
0
31
97
59

234
78

312
50
6
6
7
0
0
1
11
19

312
58
39
3
0

0

6

61,169
63,583
64,951
66,594


86,482
86,482
86,482

86,482
86,482
86,482

68,594
68,594
68,594

61
51
0
0
0
0

50
0
0
6
6
8
5
6
11
7
43
0
5
8
2
157
NA
NA

44
59

103
41
24
13
2
0
0
2
14
5

0
NA
NA
NA
NA

103

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
32
1
0
5

16
3
0
2
3
8
1
0
4
0
0
0
3
1
0
41
NA
NA

18
0

18
94
0
0
0
0
0
6
0
0

0
NA
NA
NA
NA

18

NA

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

0
0
18
0
0
0

3
0
0
0
1
2
3
0
0
0
0
0
0
0
0
9

Page 2 of 2


Sources: STI: PopStats and STI: Colossus