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Today’s Colorado College students order an average of about five pizzas per hour, 24 hours a day, seven days a week. And that’s not even counting the pizza they eat in the dining hall or at meetings.
We know these fun facts thanks to a recent survey of CC’s economic impact on Colorado Springs by Peter Taylor, a visiting associate professor in the business and economics department. The findings were, by and large, of a serious nature, but no less interesting. Student off-campus spending topped $7 million in 2003, and the bulk of it went to restaurants, other eating and entertainment-related places, gas, airplane tickets, groceries, and living expenses. The spending impact of the rest of the college is even greater, rounding out at $110 million last year. That money supported an estimated 1,090 jobs, not counting the college’s 680 employees. The college is the 25th largest private employer in the city. And despite a popular impression that colleges get a free ride with their non-profit status, Taylor estimates that CC adds about $3 million to local and state tax revenues. “While the college may be exempt from taxes, we’re spending money in the community, and that money gets taxed,” he says. Bottom line: The college is a very big economic deal in Colorado Springs. Taylor says it’s especially significant because it brings in money from outside the area — in the form of tuition payments — rather than circulating dollars that are already here. “It represents fresh cash. That makes us unique and very important. We bring a lot to the community.” President Richard Celeste, who commissioned the survey, says it proves what he long suspected. “We always knew CC was a heavy hitter in the Colorado Springs economy. This report bears that out.” All well and good, but how often does he eat pizza? “All the time,” he says.
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The Colorado College | 14 East Cache La Poudre Street | Colo Sprgs, CO | 80903 || 719-389-6000
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