CENTRAL NEW MEXICO COMMUNITY COLLEGE
ECONOMIC
IMPACT
Business Perspective
CNM Raises Consumer Spending
• CNM employed 1,235 full-time and 1,133 part-time faculty
and staff in the 2010-11 reporting year, with an annual payroll of $92.6 million.
• In addition to payroll, CNM spent $74.9 million in FY 201011 for supplies and services, of which an estimated 49% was
spent in the CNM Service Area.
• CNM estimates that approximately 15% of its students come
from outside the CNM Service Area. Non-local students who
settle in the region spend money at local businesses for food,
transportation, and other personal expenses.
CNM Generates New Income
• The net added income generated by CNM operations ($79.8
million) and the spending of non-local students ($38.5 million) contributes a total of $118.3 million in income to the
CNM Service Area economy each year.
Added Income in CNM Service Area Due
to CNM ($ Millions)
Spending
effect,
$118.3
• The increased productivity of workers due to the accumulation of past and present CNM skills in the CNM Service Area
workforce creates approximately $431.2 million in added income each year.
Productivity effect,
$926.9
CNM Creates a Skilled Workforce
• CNM activities encourage new business, assist existing business, and create long-term economic growth. The college
enhances worker skills and provides customized training to
local business and industry.
• An estimated 4 million CNM credits have accumulated in the
CNM Service Area workforce over the past 30-year period as
former CNM students (completers and non-completers) enter the regional workforce each year.
Projected 2021 Jobs by Skill Level in CNM
Service Area (%)
Graduate
Bachelor's
Associate's
Postsecondary award
Work experience
Long-term training
Moderate-term training
Short-term training
0%
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10%
20%
30%
Percent of Jobs
O C TO B E R 2 0 1 2
W W W. E C O N O M I C M O D E L I N G . C O M
8 6 6 . 9 9 9 . 3 6 74
40%
50%