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Broward College Boosts Florida’s Economy with $2.4 Billion Impact

Broward College has made a significant contribution to Florida’s economy, generating an estimated $2.4 billion in economic impact during the 2023–24 fiscal year. This figure reflects an increase from $1.7 billion in 2020 and highlights the college’s role as a major workforce education provider in the state. With more than 90% of graduates either entering the workforce or continuing their education in Florida, Broward College supports approximately 25,621 jobs in Broward County, meaning one in every 59 jobs is linked to the institution.

The college’s President and CEO, Torey Alston, emphasized the importance of state investments in expanding high-demand programs. In the previous year, the Florida Legislature allocated $7.7 million for the development of a state-of-the-art facility dedicated to health sciences, nursing, artificial intelligence, and engineering. As the current legislative session progresses, Broward College is actively seeking additional funding to enhance campus infrastructure, ensuring it meets the demands of a competitive global economy.

“These state funds aren’t just building walls; they are building futures,” Alston stated, highlighting the college’s commitment to innovation. The introduction of new programs, such as an associate degree in applied artificial intelligence, and the maintenance of advanced training environments demonstrate Broward College’s forward-thinking approach. The college has also been recognized nationally, recently being named one of the top 200 colleges in the United States eligible for the prestigious $1 million Aspen Prize for Community College Excellence in 2027.

Broward College measures its success through a “triple return” framework, focusing on benefits to individuals, taxpayers, and the local labor market. The financial impact is clear: for every dollar spent on education at Broward College, students can expect to earn $5.50 in higher lifetime earnings, translating to an average annual return of 19.3%. Furthermore, alumni contribute approximately $1.7 billion in local income each year, equivalent to hosting five Super Bowls in the county. For taxpayers, the return is equally compelling, as public investments yield $2.80 in returns for every dollar spent, thanks to increased tax revenues and reduced public service costs.

Alston envisions Broward College as the premier destination for academic excellence in the region, appealing to high school graduates, adult learners, and professionals seeking career transitions. The college has received the Florida Collegiate Purple Star Campus designation, recognizing its support for military-connected students and their families.

Under the guidance of the Board of Trustees, Broward College has fostered a culture of excellence. Programs in dental hygiene, respiratory care, vision care, and police academy training have achieved 100% first-time pass rates on licensing exams. Enrollment has risen by 5%, while the number of credentials awarded has increased by 3% compared to the previous year.

Alston expressed gratitude to students, faculty, staff, and community partners for their contributions to these achievements. With ongoing support from Governor Ron DeSantis, the Florida Legislature, and the Commissioner of Education, Broward College is committed to providing high-quality, affordable programs that enhance graduate earnings, strengthen the workforce, and drive economic growth in Broward County.

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