NEW PORT RICHEY – Pasco-Hernando State College generates an economic impact of $563.2 million annually for the region, according to a new report by Lightcast.
The Association of Florida Colleges and the Helios Education Foundation released the Lightcast report, An Engine of Opportunity, in November 2025, showing that the Florida College System generates nearly $56.7 billion in annual economic impact, and that college activities support one out of every 24 jobs statewide.
The report also shows students receive an average 21.2% rate of return from their educational studies. The investment pays off with a strong return through increased earnings and opening doors to stable careers.
In its individual report, PHSC’s impact includes operational spending, employee earnings, student expenditures and the long-term economic gains associated with PHSC alumni who remain in the area and contribute to a skilled, productive workforce.
PHSC also supports 6,505 jobs locally. From the student perspective, they will receive a cumulative present value of $285.5 million in increased earnings over their working lives, which represents $7.10 in higher future earnings for every dollar they invest in their education.
Taxpayers also benefit from PHSC with an average internal rate of return of 2.6%.
“Our students, alumni, faculty and staff strengthen the local workforce, elevate families and contribute to a more prosperous future for Pasco and Hernando counties,” President Eric Hall said. “As we expand programs that meet industry needs and create new pathways to opportunity, PHSC remains steadfast in its mission to fuel economic mobility, support community growth and ensure that our region continues to thrive.”
PHSC has more than 90 career program options across seven locations in Brooksville, Dade City, New Port Richey, Spring Hill and Wesley Chapel.
Data sources for the study include 2023-24 academic and financial reports from the college, industry and employment data from the U.S. Bureau of Labor Statistics, and earnings and demographic data from the U.S. Census Bureau.
On the web: myafc.org/impact and phsc.edu
