Economic Impact

2022-2023

$240.8 million

PTC added $240.8 million to Abbeville, Edgefield, Greenwood, Laurens, McCormick, Newberry, and Saluda Counties. PTC’s impact supported 3,935 jobs. To put this in perspective, the activities of PTC and its students support one out of every 30 jobs in PTC's service area.

Alumni Impact

$200.1

million

from alumni employed in the regional workforce

Operations Impact

$35.2

million

in net impact of the college's operations spending

Student Impact

$5.4

million

from the daily spending of the PTC students

Investment Analysis

Piedmont Technical College (PTC) creates a significant positive impact on the business community and generates a return on investment to its major stakeholder groups—students, taxpayers, and society. Projected rates of return and benefits are as follows.

$148.9

million

in higher lifetime earnings benefitting students, with an average annual rate of return of 26.6% in 2022-23

$44.9

million

in added tax revenue and public sector savings benefitting taxpayers with an average annual rate of return of 4.1%

$480.3

million

in added income and social savings benefitting society

Impact to Industries

Piedmont Technical College (PTC) generates income for and supports
jobs across multiple key industries in the region.

Manufacturing

364 Jobs Supported

$45.1

million

Government, Non-Education

456 Jobs Supported

$34.1

million

Health Care & Social Assistance

555 Jobs Supported

$27.0

million

Other Services (Except Public Admin)

451 Jobs Supported

$20.0

million

Retail Trade

380 Jobs Supported

$19.3

million