Lakewood AlertsOcean County College Generates $355 Million Annual Economic Impact, Study Finds
Ocean County College contributes $355.8 million to the local economy each year and supports nearly 4,850 jobs throughout the county, according to a newly released economic impact study covering fiscal year 2023-2024.
The study, conducted by research firm Lightcast and recognized by the Ocean County Board of Commissioners, found that one out of every 69 jobs in Ocean County is connected to OCC and its students. OCC alumni alone contribute $291 million annually to the county economy through higher earnings and workforce participation in fields including healthcare, education, business, public service, and technology.
The numbers underscore the broad reach of the college, which has served Ocean County residents since opening in 1964 as New Jersey’s first community college. During the fiscal year studied, OCC served more than 12,500 credit students and 755 non-credit students while employing 901 faculty and staff members.
The study also found that for every dollar invested in OCC, society receives $7.50 in economic and social benefits, while taxpayers see $1.90 in added tax revenue and public-sector savings.
“Ocean County College is more than an educational institution, it is a cornerstone of our community,” said Deputy Director of the Ocean County Board of Commissioners Jennifer Bacchione, who serves as liaison to the college. “Its impact can be seen in our workforce, our economy, our arts and culture community, and in the opportunities it creates for residents of all ages.”
OCC President Dr. Pamela Monaco said the college’s role extends well beyond the classroom. “OCC is deeply woven into the fabric of Ocean County,” she said. “Beyond the classroom, the college serves as a hub for cultural enrichment, workforce development, lifelong learning, and community engagement.”
The Ocean County Board of Commissioners added in a joint statement that OCC “remains one of our strongest community assets” as the county continues to grow. “Its value is measured not only in economic impact, but in the lives it changes every single day.”