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Private and public colleges highlight $71 billion annual impact, workforce pipelines and apprenticeship ties to employers
Summary
Representatives from 58 private institutions, Suffolk, Smith, Clark, MIT, Northeastern and state universities told the committee that higher education is a major economic engine for Massachusetts, supporting jobs, startups and workforce programs such as co‑ops and apprenticeships.
Leaders from private and public colleges and universities described Sept. 11 how campuses across Massachusetts support jobs, local economies and workforce pipelines — and urged continued state support as federal research funding and enrollment pressures mount.
Rob McCarron, president of the Association of Independent Colleges and Universities in Massachusetts (ACAM), said ACAM’s members — 58 private, nonprofit colleges and universities — have an annual economic impact of about $71.1 billion and employ nearly 100,000 residents. “These institutions are the driving force in each region's ability to contribute to the Commonwealth's overall position as leader in health care, life science,…
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