A Stylish Effect
Owner Salon Moda
Impacting Our Economy
Impacting Our Economy
- Over their working lifetimes, associate degree grads in the OTC service area earn
$381,300more than someone with a high school diploma
$168.6 millionAmount OTC alumni contribute in added income to the region every year
$211.8 millionOTC's yearly total economic impact on the College's service region
- College operations generate
$31.6 millionin net added income to the community
- Higher student income and associated effects on business productivity add
$58,400,000annually to the state's economy
- OTC students save Missouri
$2.9 millionper year from improved lifestyle behaviors and reduced welfare costs
Larry Hillhouse knows the value of an Ozarks Technical Community College student to his business.
"We get OTC students and we want more OTC students. The majority of our walk-ins are students," says the owner of the stylish Salon Moda in downtown Springfield.
The fact is Springfield is a college town and OTC is a big part of that. OTC and the other area institutions drive downtown business.
The salon's evening hours are extended to attract OTC students who spend a lot of free time downtown. He is also one of a handful of local businesses that does advertising on televisions located on the Springfield campus.
"I'm hoping to create discounts to attract more college students all the time. Maybe even an OTC Day," he says.
Larry, who has been styling hair for 20 years, says it's great to have a downtown Springfield business because OTC students are natural customers that the business community can draw from.
"The students are coming to downtown. OTC is a great school to have so close to here. They really add to the business environment," he says.
More than 4,000 out-of-district students contribute more than $11.6 million annually to OTC's service region economy, especially in and around Springfield. That doesn't include money spent by students who live in the College's service region, especially those in Springfield and who contribute greatly to the downtown area's success.
The amount of money out-of-district students spend annually is included in a recent independent economic impact report that shows the actual economic contribution OTC is making to the region.
The report shows that OTC contributes more than $211 million each year to the region through a combination of college operations, student spending and productivity of graduates in the workforce.
In addition to the $11.6 million spent by out-of-district students, another $31.6 million comes from spending through OTC operations.
On top of that, $168.6 million has been added to the economy annually by increased productivity of former students who received their training and education they received at the college.