October 19, 2024 Issue, Page 12 of 20

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12+ SATURDAY, OCTOBER 19, 2024 The Elk City News Picture are mem- bers of the Elk City Masonic Lodge, Economic impact of CareerTech programs Glenn Bledsoe, left, and Claude Byerly, right, donating $4000 nears $1 billion for state, new study finds to Elk City Meals Oklahoma CareerTech’s 29 for thousands of Oklahomans,” impact: $10,998,683 on Wheels Execu- technology centers, 16 Skills Haken said. “Thank you to ev- Number of jobs supported: 95 tive Director Mark Centers and 32 Adult Education eryone involved for your com- Wages: $4,438,371 Norton. The funds and Family Literacy providers mitment to making CareerTech Income tax revenue: $4,431 will help promote pumped nearly $1 billion into a key driver of our state’s pros- Sales tax revenue: $2,312 the program to the state economy in fiscal 2023, perity”” AEFL PROVIDERS feed individuals in according to a new report gaug- ‘The state’ 29 technology cen- Direct and indirect economic ing the economic impact of the ters directly generated $518.7 impact: $9,631,482 state's CareerTech programs. million in economic output Number of jobs supported: 5 Altogether, the direct and across the state and directly Wages: $247,240 indirect economic impact of supported 4,745 individuals Income tax revenue: $10,830 Oklahoma CareerTech’s tech who received $292 million in Sales tax revenue: $5,694 lls Centersand AEFL wages. Oklahoma CareerTech’s sys- providers totaled $960,013,839 Oklahoma lawmakers ap- temwide enrollments increased and supported 8,654 jobs with propriated $100 million to the 6.3% to 520,733 in fiscal 2024. CareerTech recently announced $456,203,361 in wages in 2023. state's technology centers in fis- “This remarkable figure re- cal 2023. Every dollar to tech- a goal to increase systemwide flects the transformative power nology centers yielded $9.39 in enrollments another 15% to a of our workforce training and economic output for the state, record high of 599,854 in fiscal educational programs, which the study found. In addition, 2029. equip Oklahomans with the every dollar in state funding is Oklahoma CareerTech pro- skills needed to succeed in estimated to generate $10.48 grams had a 94% positive place- high-demand industries,” said in earnings for secondary and ment rate in fiscal 2023, which CareerTech State Director Brent adult students at technology means nearly all Career'Tech Haken. “This impact goes be- centers over 10 years, graduates found employment, yond numbers — it represents “This study underscores the entered the military or contin- stronger businesses, higher- vital role CareerTech plays in ued their education. paying jobs and a more resilient driving Oklahoma's economy? Oklahoma CareerTech: Edu- workforce.” said OKACTE Executive Direc- cation that works for you The CareerTech prog tor Skye MeNiel. “As a whole, The Oklahoma Department accounted for $29.3 million in career and technology educa- of Career and Technology Edu- income tax and sales tax rev- tion increases the earnings po- cation provides leadership and enue in 2023. Wages from the tential for students, generates resources and assures standards more than 8,600 jobs generated increased tax revenue for state of excellence for a comprehen- $18.5 million in income tax rev-and local governments and of- sive statewide system of career enue for the state while spend- fers programs that yield a posi- and technology education. ‘The ing from those wages yielded tive return on investment” system offers programs and $10.9 million in state sales tax ‘The following is a breakdown services in 29 technology cen- revenue. of the economic impact of the ter districts operating on 60 The study, which was paid three delivery arms included in campuses, 397 PK-12 school for by Oklahoma Career‘Tech the study: districts, 16 Skills Centers cam- and the Oklahoma Associa- TECHNOLOGY CENTERS puses that include three juvenile tion of Career and Technology Direct and indirect economic facilities and 32 adult education Education, was conducted by impact: $939,383,674 and family literacy providers. researchers at the University of Number of jobs supported: ‘The agency is governed by the Cincinnati Economics Center. 8,554 State Board of Career and Tech- LUNCH & DINNER “By continuing to invest in Wages: $451,517,750 nology Education and works education and training through Income tax revenue: closely with the State Depart- CareerTech, we are not only $18,249,941 ment of Education and the State strengthening our state's eco- ue: $10,772,522 Regents for Higher Education to $5 KIDG | $10 ADULTS nomic future but also provid- SKIL! 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