Minnesota State College-Southeast Technical has released the results of a study that estimates the economic impact of Southeast Technical on the regional economy to be $69,000,000 and 848 jobs.
Southeast Technical president James Johnson says in addition to focusing on the success of students, Southeast Technical in Winona and Red Wing plays a vital role in supporting the state and regional economy.
The study also concluded that SE Technical generates approximately $4,000,000 in tax revenues for state and local government.
The study further estimated the value of the increase in productivity that the 267 associate degrees awarded by Southeast Technical in 2011 will yield throughout the careers of the graduates. Assuming a 40-year work life, the education received by these graduates will yield additional state income of $23,000,000.
The study was conducted by Wilder Research, a nationally recognized source of data used by state and local planners, policy makers and service providers.