Black Hawk College has released new findings from a comprehensive economic impact study showing the Moline-based college contributed nearly $291 million in total income to the local economy during the 2023-24 fiscal year.
The study, conducted by Lightcast, demonstrates the college’s significant return on investment to its major stakeholder groups – students, taxpayers, society and employers.
“This report makes clear that Black Hawk College is more than a place of learning,” Jeremy Thomas, president of Black Hawk College, said in a news release. “For nearly 80 years, we have been a driver of economic growth in our region. When we invest in our students, we are investing in our workforce, our employers, and the long-term strength of our communities.”
Mr. Thomas also highlighted the increase in enrollment as a reflection of this impact.
“Black Hawk College grew by 9% from 2024-25 because more students are making BHC their first college of choice. That growth reflects our role as a driver of opportunity for our students, our workforce and our region,” he said.
The college serves as an economic engine for the region, contributing nearly $291 million to the economy. Black Hawk College serves nine counties in northwestern Illinois with a population of more than 225,000 residents, the release said.
During the 2023-24 fiscal year, Black Hawk College served over 8,000 students. The college plays a significant role in educating the regional workforce, offering more than 85 degree and certificate programs.
Moreover, an estimated 98% of students remain in the region after completing their studies at BHC, ensuring investments in workforce development stay local.
Here’s how Black Hawk College adds economic value to the region:
- Supported 3,882 local jobs, representing one out of every 50 jobs in the region.
- Generated $254.5 million in added income from alumni currently working in the region, equivalent to supporting 3,183 jobs.
- Added $25.9 million to the economy through direct operations spending across the region.
- Employed nearly 600 full-time and part-time faculty and staff members, with a payroll spent locally on household-related expenses.
- An investment analysis found that every $1 invested in Black Hawk College to educate students returns $3.50 in higher future earnings for students who invest in their education. The average associate degree graduate from BHC will see an increase in earnings of $7,100 each year compared to a person with a high school diploma or equivalent working in Illinois.
- $3.10 in benefits that will accrue to Illinois over the course of students’ careers for as long as they remain employed in the state.
In total, taxpayers gained $34.8 million in added tax revenue and public sector savings.
