Economic impact of universities on our regional cities

Research output: Book/ReportCommissioned report

Abstract

Project Description
Regional Development Australia Mid North Coast (RDAMNC) has prepared an economic assessment report in response to a request from Mid North Coast Local Health District (MNCLHD) to assess the economic impact of university presence (or absence) on regional towns and cities on the Mid North Coast (MNC) of NSW.
Why the Project is needed
The presence of a university campus in a regional town or city can have a significant impact upon economic prosperity of the relevant area. A university helps to retain young people, provides access to higher education, increases employment opportunities, generates housing demand and can create a cluster of supporting business opportunities. This report identifies some of these impacts, and also provides supporting data to guide universities on the gaps in courses offered, and to ensure courses align with regional skill shortages and
employment needs in the region.
Project deliverables
• An assessment of courses offered on the MNC - including historical, current and future universities and courses;
• An assessment of students - including the number of students moving to the region to attend university; the number of students taking up university places outside the region and where graduates are taking up employment (geographical location);
• Identification of the key courses not currently on offer in the region (which would be viable to offer on the MNC);
• An Economic Impact Analysis of university presence on the Mid North Coast
(assessed using data from REMPLAN);
• Economic opportunities for businesses as a result of the university presence.
Expected benefits
• To identify course demand, deficiencies and employment outcomes;
• To achieve detailed understanding of the higher education market on the MNC and its economic impacts;
• To identify current course gaps in the market and ensure courses align with regional skill shortages and employment needs;
• To identify economic opportunities associated with regional universities.
Original languageEnglish
Place of PublicationPort Macquarie
PublisherRegional Development Australia Mid North Coast
Commissioning bodyMid North Coast Local Health District
Number of pages67
Publication statusPublished - 2017

Fingerprint Dive into the research topics of 'Economic impact of universities on our regional cities'. Together they form a unique fingerprint.

  • Cite this