Olds College, students add $144.5 million to regional economy

February 13, 2014

The Olds, Alberta area in 2011-12 received some $45 million in added income due to the operations of Olds College and the spending of out-of-region students, reveals an economic impact report by Economic Modeling Specialists Inc for the college. The report also says Olds graduates who were active in the regional workforce generated another $99.7 million in added income through their higher earnings and the increased productivity of their employers. “Olds College is fortunate to be situated in such a vibrant community with a balanced, robust economy. This Economic Impact modelling lends support to the notion that the college is another driving force in our region in what is truly a virtuous circle,” says Olds VP Student and Support Services Kathy Kimpton. Olds News Release | Full Report