New River Community College Announces Economic Impact

Pulaski County, VA – WSLS recently reported on New River Community College’s economic impact study for the Fiscal Year 2021-2022. The report shows that the community college is having a large influence in the region, contributing more than $121 million to the NRV’s economy in 2022.

According to the Economic Value of New River Community College Report, “for every dollar invested in the college, students gain $4.50 in higher future earnings and taxpayers see a net benefit of $2.20 in added tax revenue stemming from students’ higher lifetime earnings and increased output by businesses and public sector savings.”

The study also profiles the college’s operations spending impact, student spending impact, and the alumni impact in Virginia’s New River Valley for the 2021-2022 fiscal year.

Watch the WSLS Story here.

Read New River Community College’s full economic impact study here.

Virginia’s New River Valley offers exceptional educational opportunities, featuring several world-class universities and colleges within the region. Learn more about the educational landscape of the NRV here.

Virginia’s New River Valley: Virginia’s New River Valley is an eclectic mix of interconnected small towns that each offer their own unique vibe and appeal. The region provides an abundance of cultural and social offerings due to the presence of three world-class universities, while retaining the charm and benefits of small town living. The NRV is home to a diverse and innovative business community with companies that range from high-tech startups to foreign-based corporations to specialty agribusiness. These organizations benefit from the collaborative spirit of our region and a loyal, highly-skilled, and educated workforce. The scenic beauty of the region also fosters a deep connection to nature, which is deepened by access to outdoor recreation and the preservation of our natural environment. It’s clear why Virginia’s New River Valley is “A Natural Fit.”

Onward NRV: Onward NRV is a public/private, regional economic development organization whose mission is to attract and retain world class jobs, investment, and talent in Virginia’s New River Valley. It’s also a movement where leaders from business, government, and higher education work together to promote the economic vitality of the region.