avic brochure

assoc ia t ion o f vermontindependent co l leges

A V I C M E M B E R S

Bennington CollegeBurlington CollegeChamplain College

College of St. JosephGoddard College

Green Mountain CollegeLandmark CollegeMarlboro College

Middlebury CollegeNew England Culinary Institute

Norwich UniversitySt. Michael’s College

S I TSouthern Vermont College

Sterling CollegeVermont College of Fine Arts

Vermont Law School

Associate Members:Albany College of Pharmacy & Health Sciences

Union Institute & University

…Independent thinking for a collaborative world

PO Box 254, Montpelier, VT 05601802.828.8826

www.vermont-icolleges.org 1 A V I C | Making an Impact

M A K I N G A N

I M P A C T

AVICA S S O C I A T I O N O F

V E R M O N TI N D E P E N D E N T C O L L E G E S

VERMONT: An Education Destination

The Economic Impact

of Private Higher Education in Vermont

2 A V I C | Making an Impact

The total economic impact of private colleges and universities in Vermont is nearly $1.4 billion.

However, we prefer to think of our impact in terms of jobs, neighbors, and community support.

Our presence in communities across the State creates valuable partnerships and business opportunities for Vermonters.

11A V I C | Making an Impact

More than 82% of students at Vermont’s independent colleges and universities receive tuition assistance.

55% of our bachelor degree-seeking students graduate within four years compared to 39% at public institutions. This saves parents and students time and money.

I N V E S T I N G I N T H E F U T U R E


M E E T I N G W O R K F O R C E N E E D S

The independent colleges play a central role in the development of tomorrow’s labor force so that Vermont succeeds in an increasingly knowl-edge-intensive economy.

The 19 private institutions confer 53% of all degrees

in the state. They also award 43% of the certificates for

advancing select skills.

These degrees help prepare students for careers in areas

that are critical to the future of Vermont.


T H E S T A T E W I D E P I C T U R E

Economic Impact by Region

Institutional Expenditures . . . . $590,117,845

Construction Expenditures . . . $121,777,830

Student Spending . . . . . . . . . . . . $92,131,276

Faculty and Staff Spending . . . $583,249,258

Visitor Spending . . . . . . . . . . . . . . $8,188,460

TOTAL STATEWIDE IMPACT $1,395,464,668

Estimated Total Economic Impact

of Independent Higher Education in VT

$330 mil

$750 mil

$315 mil


C R E A T I N G S T A B L E J O B S

Total On-Campus Jobs: 6,295Total Wages & Benefi ts Paid to Employees: $314,182,966

Jobs: 2,042Wages: $81.5 mil

The spending of the colleges, the colleges’ employees, and the colleges’ students at area businesses creates jobs and payrolls there and elsewhere in the state.

Jobs: 5,604Wages: $220 mil



894,400 hours of volunteer time worth

over $42 million to Vermont communities

each year.

An estimated 88% of that time is with

K-12 organizations.

S T U D E N T S G I V E B A C K

Our students contribute


P I L L A R S O F M A I N S T R E E T

$424.7 million is raised in tuition and fees from out-of-state sources for spending in Vermont.

Each year employees of private colleges and universities

in Vermont pay over $8 million in state income taxes.

The nearly 19,000 independent college and university

students in Vermont eat, shop and spend almost

$49.6 million annually at local businesses.

Local Businesses in Vermont

General merchandise stores

Grocery and beverage stores

Real estate rentals

Telecommunications and utilities

Amusement and recreation venues

Restaurant and drinking establishments

Furniture and home furnishing stores

Clothing and sports stores


60% of future jobs will require post-secondary education.

Vermont’s private colleges provide $145.8 million in institutional aid from their own resources.

More than 14,000 out-of-state students come to Vermont to study at private colleges. Many of these students stay and contribute to local economies.

12 out of 19 of our colleges offer non-traditional weekend,

evening, and online programs to meet the changing needs of

all learners.

In addition to hundreds of degree programs, AVIC members offer

over

A T T R A C T I N G A W O R K F O R C E

60 certificate programs.

Benefitting from Spending by Students


Danforth Pewter

Burton Snowboards

Lincoln Peak Vineyards

Red Hen Bakery

L.A.C.E.

Crane Associates

Omega Optical

The Bluebird Tavern

Montpelier Flag and Stove Works

Leading Challenges

Gobeille Hospitality Group

Coffee Enterprises

Vermont Bread Company

Have Justice Will Travel

Blackback Pub and Fly Shop

Holistic Justice Center

Better Planet Books

Eden’s Echo Forest Management Co

Landscape Visions, LLC.

Pinnacle Pet & Property Care

Benji and Jake’s Restaurant

Hardt Forestry

Emma’s Family Farm

Harvest Hill Farm

CommunEquests

Songbird Farm

Bond Auto

Bove’s

Carved Solutions

Epik One

JaniTech

Editorial Concepts

Fiddlehead at Four Corners

Galahad Productions


Gallery-in-the-Field

Jumpcut Productions

McNeill’s Brewery

Mechanic Street Pottery & Irons Works

Mountain Goat

Pangaea Restaurant

Quill & Print

Rainbow Organic Fiber Mill

South Street Café

Superior Store Finishing

The Eloquent Page

Three Meadow Riders

Wood’s Cider Mill

Small Dog Electronics

Buch Spieler Music

Contemporary Dance & Fitness Studio

Catamount Arts

Magic Hat Brewing

Turtle Island Child Center

Artisans Hand Cooperative

Studio Place Arts

Winooski Hydroelectric

Global Gifts

“After graduating from an independent college, I wanted to stay in Vermont and put my skills and ideas to work. Thirty years later, I am proud that my business is considered a vital part of our community.”

R E P R E N E U R SL A U N C H I N G E N T

The many alums who live and work in Vermont are responsible for many Vermont business landmarks.


P I L L A R S O F M A I N S T R E E T

$424.7 million is raised in tuition and fees from out-of-state sources for spending in Vermont.

Each year employees of private colleges and universities

in Vermont pay over $8 million in state income taxes.

The nearly 19,000 independent college and university

students in Vermont eat, shop and spend almost

$49.6 million annually at local businesses.

Local Businesses in Vermont

General merchandise stores

Grocery and beverage stores

Real estate rentals

Telecommunications and utilities

Amusement and recreation venues

Restaurant and drinking establishments

Furniture and home furnishing stores

Clothing and sports stores


60% of future jobs will require post-secondary education.

Vermont’s private colleges provide $145.8 million in institutional aid from their own resources.

More than 14,000 out-of-state students come to Vermont to study at private colleges. Many of these students stay and contribute to local economies.

12 out of 19 of our colleges offer non-traditional weekend,

evening, and online programs to meet the changing needs of

all learners.

In addition to hundreds of degree programs, AVIC members offer

over

A T T R A C T I N G A W O R K F O R C E

60 certificate programs.

Benefitting from Spending by Students


C R E A T I N G S T A B L E J O B S

Total On-Campus Jobs: 6,295Total Wages & Benefi ts Paid to Employees: $314,182,966


The spending of the colleges, the colleges’ employees, and the colleges’ students at area businesses creates jobs and payrolls there and elsewhere in the state.

Jobs: 5,604Wages: $220 mil



894,400 hours of volunteer time worth

over $42 million to Vermont communities

each year.

An estimated 88% of that time is with

K-12 organizations.

S T U D E N T S G I V E B A C K

Our students contribute


M E E T I N G W O R K F O R C E N E E D S

The independent colleges play a central role in the development of tomorrow’s labor force so that Vermont succeeds in an increasingly knowl-edge-intensive economy.

The 19 private institutions confer 53% of all degrees

in the state. They also award 43% of the certificates for

advancing select skills.

These degrees help prepare students for careers in areas

that are critical to the future of Vermont.


T H E S T A T E W I D E P I C T U R E

Economic Impact by Region

Institutional Expenditures . . . . $590,117,845

Construction Expenditures . . . $121,777,830

Student Spending . . . . . . . . . . . . $92,131,276

Faculty and Staff Spending . . . $583,249,258

Visitor Spending . . . . . . . . . . . . . . $8,188,460

TOTAL STATEWIDE IMPACT $1,395,464,668

Estimated Total Economic Impact

of Independent Higher Education in VT

$330 mil

$750 mil

$315 mil


The total economic impact of private colleges and universities in Vermont is nearly $1.4 billion.

However, we prefer to think of our impact in terms of jobs, neighbors, and community support.

Our presence in communities across the State creates valuable partnerships and business opportunities for Vermonters.


More than 82% of students at Vermont’s independent colleges and universities receive tuition assistance.

55% of our bachelor degree-seeking students graduate within four years compared to 39% at public institutions. This saves parents and students time and money.

I N V E S T I N G I N T H E F U T U R E

assoc ia t ion o f vermontindependent co l leges

A V I C M E M B E R S

Bennington CollegeBurlington CollegeChamplain College

College of St. JosephGoddard College

Green Mountain CollegeLandmark CollegeMarlboro College

Middlebury CollegeNew England Culinary Institute

Norwich UniversitySt. Michael’s College

S I TSouthern Vermont College

Sterling CollegeVermont College of Fine Arts

Vermont Law School

Associate Members:Albany College of Pharmacy & Health Sciences

Union Institute & University

…Independent thinking for a collaborative world

PO Box 254, Montpelier, VT 05601802.828.8826

www.vermont-icolleges.org 1 A V I C | Making an Impact

M A K I N G A N

I M P A C T

AVICA S S O C I A T I O N O F

V E R M O N TI N D E P E N D E N T C O L L E G E S

VERMONT: An Education Destination

The Economic Impact

of Private Higher Education in Vermont

avic brochure

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