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Medina 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.
 
Remington College-Cleveland Campus
Ohio Business College-Sheffield  
Cleveland Institute of Music  
Herzing University-Akron  
Ohio State University Agricultural Technical Institute  
Fortis College-Cuyahoga Falls  
Bryant & Stratton College-Parma  
Cleveland Institute of Art  
Valley College-Cleveland  
Ursuline College  
University of Akron Wayne College  
Notre Dame College  
The College of Wooster  
Oberlin College  
Ashland University  
Lorain County Community College  
Case Western Reserve University  
University of Akron Main Campus  
Cleveland State University  
Cuyahoga Community College District  
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

4,332
13,075

17,407
54
24
3
8
0
0
4
4
3

17,407
20
42
36
1

0

12

2,889
3,009
3,129
3,736


NA
NA
NA

16,436
17,322
21,436

8,436
9,322
13,436

1,852
NA
NA
NA
NA
NA

701
0
0
12
375
174
196
25
19
13
117
0
240
0
0
1,872
95
16

10,394
3,723

14,117
51
14
3
7
0
0
4
4
16

9,463
3
78
18
1

4,654

16

11,016
11,680
12,254
12,613


32,043
32,043
37,403

32,203
32,203
37,563

17,083
17,083
22,443

0
2,301
1,391
25
200
0

719
0
0
17
97
158
129
136
107
11
109
3
186
26
7
1,705
71
20

9,666
3,852

13,518
69
11
4
4
0
0
5
3
4

11,452
16
73
11
0

2,066

16

12,078
12,078
12,427
12,799


28,665
28,665
33,105

28,585
28,585
33,025

17,995
17,995
22,435

405
2,094
506
76
138
0

738
8
0
26
77
177
101
96
272
7
179
2
122
49
24
1,878
29
14

11,143
1,123

12,266
39
7
20
9
0
0
4
3
19

6,186
2
97
1
0

6,080

9

52,948
54,532
61,584
64,671


86,073
86,073
86,073

78,621
78,621
78,621

70,197
70,197
70,197

0
1,361
1,529
215
486
0

1,315
596
0
68
236
243
522
520
181
177
246
0
348
68
8
4,528
NA
NA

2,120
7,290

9,410
72
9
1
10
0
0
5
1
0

9,410
41
35
23
0

0

14

3,745
3,810
4,005
4,135


NA
NA
NA

15,535
16,190
20,130

7,553
8,208
12,148

1,356
9
0
0
0
0

278
0
0
8
54
43
58
47
92
0
31
7
90
5
0
713
81
18

2,640
1,503

4,143
75
10
2
3
0
0
3
3
4

3,123
18
58
24
0

1,020

15

23,060
24,080
26,340
28,910


44,378
44,378
44,378

39,050
39,050
39,050

33,550
33,550
33,550

138
545
381
8
16
0

218
0
0
5
153
89
23
29
71
1
109
3
63
15
1
780
33
21

2,951
25

2,976
62
4
5
8
0
0
9
1
10

2,966
0
99
0
0

10

9

58,554
60,240
62,024
64,646


87,404
87,404
87,404

80,732
80,732
80,732

67,654
67,654
67,654

0
683
0
0
0
0

309
0
0
39
93
31
52
43
108
6
44
1
97
29
2
854
54
12

1,870
6

1,876
61
9
4
6
0
0
4
1
14

1,876
2
98
0
0

0

10

54,000
55,500
57,500
59,550


75,800
75,800
75,800

72,795
72,795
72,795

66,476
66,476
66,476

0
395
0
0
0
0

179
0
0
14
13
60
25
16
85
15
26
1
49
14
10
507
80
9

931
515

1,446
49
25
1
5
0
0
6
6
8

1,336
10
76
14
0

110

14

30,750
31,350
31,970
32,606


48,604
48,604
48,604

48,206
48,206
48,206

38,006
38,006
38,006

3
204
50
0
0
0

79
0
0
3
28
21
15
0
32
1
11
1
10
0
0
201
81
55

439
922

1,361
85
1
2
4
0
0
3
5
0

1,361
56
37
7
0

0

32

6,116
6,505
7,291
7,699


NA
NA
NA

24,979
24,979
31,652

11,965
11,965
18,638

0
NA
NA
NA
NA
NA

27
0
0
2
3
5
1
4
13
0
0
0
3
7
0
65
84
22

602
321

923
55
24
4
2
0
0
7
4
4

637
1
74
25
1

286

7

34,630
35,720
36,816
37,860


53,660
53,660
53,660

52,360
52,360
52,360

43,860
43,860
43,860

0
190
99
0
6
0

99
0
0
6
5
28
6
8
36
2
2
0
21
4
0
217
NA
NA

787
0

787
13
61
1
4
0
1
3
18
0

787
0
33
67
0

0

24

NA
NA
NA
NA


NA
NA
NA

NA
NA
NA

NA
NA
NA

16
NA
NA
NA
NA
NA

34
0
0
0
14
1
4
1
0
0
0
13
1
0
0
68
56
23

557
9

566
65
13
3
10
0
0
7
0
1

566
0
95
5
0

0

9

44,385
45,495
46,460
47,880


65,550
65,550
65,550

65,550
65,550
65,550

53,030
53,030
53,030

0
111
0
0
0
0

70
0
0
4
25
30
3
10
6
0
4
0
6
1
0
159
NA
NA

390
132

522
45
36
2
8
0
0
6
2
0

522
1
49
50
0

0

10

18,272
19,135
19,433
19,542


NA
NA
NA

26,769
26,769
26,769

22,869
22,869
22,869

137
22
0
0
0
0

56
0
0
0
7
11
1
0
27
0
1
1
9
0
0
113
NA
NA

488
1

489
34
55
2
1
0
0
6
1
0

489
0
26
74
0

0

29

14,421
14,722
14,957
14,050


NA
NA
NA

34,911
34,911
34,911

17,266
17,266
17,266

58
NA
NA
NA
NA
NA

17
0
0
1
0
8
3
0
7
0
0
0
3
0
0
39
NA
NA

424
38

462
91
2
0
2
0
0
2
2
0

462
7
91
2
0

0

14

8,295
8,606
8,998
9,310


25,376
25,376
50,882

24,758
24,758
50,264

17,160
17,160
42,666

133
NA
NA
NA
NA
NA

31
0
0
1
0
6
9
4
11
0
1
0
6
0
0
69
94
69

169
212

381
52
38
1
4
0
0
4
2
0

381
0
28
72
0

0

13

14,200
14,200
12,750
13,420


NA
NA
NA

28,414
28,414
28,414

16,453
16,453
16,453

81
20
0
0
0
0

12
0
0
0
7
2
0
1
1
0
0
0
2
0
0
25
38
28

349
1

350
43
3
15
4
0
1
3
1
29

194
1
99
1
0

156

6

42,040
42,116
42,370
42,500


61,212
61,212
61,212

62,412
62,412
62,412

46,662
46,662
46,662

0
52
49
0
0
4

63
0
0
3
1
26
7
1
9
0
14
0
11
3
0
138
NA
NA

148
17

165
38
30
1
22
0
0
1
9
0

165
0
35
64
1

0

12

9,385
9,385
9,385
9,385


NA
NA
NA

37,348
37,348
37,348

24,100
24,100
24,100

11
NA
NA
NA
NA
NA

11
0
0
1
0
1
3
0
0
0
0
3
0
0
0
19
NA
NA

133
0

133
8
84
0
5
0
0
3
1
0

133
0
37
63
0

0

19

15,561
17,919
16,155
16,254


NA
NA
NA

29,911
29,911
29,911

20,679
20,679
20,679

7
NA
NA
NA
NA
NA

7
0
0
0
0
8
1
0
0
0
0
0
1
0
0
17

Page 1 of 2
Arizona College of Nursing-Cleveland
Stautzenberger College-Brecksville  
Lakewood 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
NA
NA

101
0

101
21
61
2
13
0
3
0
0
0

100
0
4
96
0

1

11

10,479
10,479
10,479
10,479


NA
NA
NA

14,480
14,480
14,480

12,479
12,479
12,479

2
2
1
0
0
0

15
0
0
0
6
4
5
0
1
0
0
1
0
0
0
32
NA
NA

98
0

98
58
23
1
9
1
0
1
6
0

98
0
57
43
0

0

14

16,699
16,699
16,699
16,699


NA
NA
NA

33,753
33,753
33,753

19,353
19,353
19,353

67
NA
NA
NA
NA
NA

7
0
0
0
1
7
0
0
0
0
0
1
1
0
0
17
100
19

29
55

84
13
76
0
7
0
0
4
0
0

84
0
27
71
1

0

20

NA
NA
NA
23,760


NA
NA
NA

46,107
46,107
46,107

30,797
30,797
30,797

0
0
0
0
0
0

4
0
0
0
2
4
0
0
0
0
0
0
1
0
0
11

Page 2 of 2


Sources: STI: PopStats and STI: Colossus