New study indicates Central Piedmont delivers $1 billion annual economic impact for region

Central Piedmont Community College functions as a significant economic engine for Mecklenburg County, generating substantial returns across multiple stakeholder groups, according to research released this month. The analysis draws on fiscal year 2023-24 data and underscores the institution's contributions to workforce development and local business support.

Dr. Kandi Deitemeyer, president of Central Piedmont, stated: "This study quantifies what we see every day — our students, graduates and partnerships fuel Mecklenburg County's growth."

Three primary drivers account for the $1 billion annual economic impact:

• Alumni income: $770.6 million reflecting enhanced earnings and productivity gains among graduates
• College operations: $164 million from institutional spending, payroll, and local procurement
• Student spending: $101.2 million from student contributions to housing, transportation, and local commerce

The research demonstrates compelling financial returns:

• Students realize $5.20 in lifetime earnings gains per $1 invested in education
• Associate degree holders earn approximately $11,200 annually above high school diploma recipients
• Central Piedmont education generates 17.7% annual returns, exceeding stock market historical returns of 10.9%
• Taxpayers recover $1.20 per $1 invested through increased tax revenue

Alumni contribute significantly across healthcare, skilled trades, and professional services sectors. Strategic employer partnerships align curriculum with industry requirements.

Michelle Vidal (Atrium Health) emphasized: "Atrium Health's relationship with Central Piedmont helps us attract and develop teammates with the technical skills" needed in healthcare.

Todd Miller (Coca-Cola Consolidated) noted: "Programs like those at Central Piedmont provide students with valuable hands-on experience" in manufacturing and technical fields.

Lightcast provided labor market data and modeling using nationally recognized economic impact assessment approaches.