14 The Hampton Roads Messenger Education
Historically Black Colleges Make Multi-Billion-Dollar Economic Impact, New UNCF Study Finds
HBCUs Make America Strong America’s historically black
colleges and universities (HBCUs) inject billions of dollars in economic impact
into the national economy,
according to HBCUs Make America Strong:
The Positive Economic
Impact of Historically Black Colleges and Universities, a landmark study released today by UNCF (United Negro College
Fund). The impact
described in the report includes almost $15 billion annually in economic impact. This study clearly enumerates the significant economic contributions of 100 HBCUs by focusing on the
institutions’ far-reaching
economic effects that can be felt in communities and nationwide, as well as the increased earning power of their students.
Offering data by institution,
as well as a national analysis, the UNCF study – underwritten by Citi Foundation and prepared by the University of Georgia’s Selig Center for Economic Growth – also reports that HBCUs significantly increase local and national job creation and economic development. For example:
Total economic impact of HBCU
spending in the United States is $14.8 billion annually; the equivalent to a ranking in the top 200 corporations on the Fortune 500 list.
Every dollar spent by an HBCU and its students generates $1.44 in initial and subsequent spending for the institution’s local and regional economies; particularly significant as many HBCUs are in southern communities where overall economic growth has lagged.
The strength and vitality of
HBCUs prepares a critical sector of the workforce, people of color from low- and moderate-income families, to fill the economy’s demand for college- educated workers.
HBCUs generate roughly 134,000 jobs for their local regional economies, including
and
on-campus and off-site jobs, equating to approximately 13 jobs created for each $1 million initially spent by HBCUs.
HBCU graduates, over 50,000 in 2014, can expect work-life earnings of $130 billion—an additional $927,000 per graduate—56 percent more than they could expect to earn without their HBCU degrees or certificates.
evidence that HBCUs not only provide a
college
students every year, but they are a powerful economic engine:
students they
“This study is conclusive education
for 300,000 locally,
through the jobs they create and the expenditures they make in the cities where they are located, and nationally, through the
study demonstrates conclusively that HBCUs are not only relevant to the country’s economic health and vigor, they are necessary.”
“The education that HBCUs provide to their students, many of them from low-income families and the first in their families to attend college, helps the national economy fill critical jobs with college-educated workers who otherwise would not acquire the skills and knowledge necessary to compete in the evolving workforce,” said UNCF’s Vice President of Research and Member Engagement Dr. Brian Bridges.
The first of its kind, HBCUs
Make America Strong sets forth those benefits in detailed dollars-and-cents terms. It shows that money spent in, around, and by the nation’s HBCUs and their students drives economic growth on- and off-campus—and the effect of that spending is multiplied over time. Each dollar spent creates far more than a dollar’s worth of productive activity as it moves through the economy.
“The Scholarship Watch Blacks at Microsoft Scholarships
Blacks at Microsoft (BAM) is a company-sponsored employee dedicated
network
the continued growth and development
employees at Microsoft Corporation.
to supporting of black This year,
BAM will award two US$5,000 scholarships to outstanding high-school seniors who are interested in
pursuing careers
Requirements To be considered for a BAM Scholarship, you must:
Be a high-school senior of African descent (for example, African American, African, or Ethiopian).
Plan to attend a four-year college or university in the fall of the year following high-school graduation.
Plan to pursue a bachelor's degree in engineering, computer science, computer information systems, or select business programs (such as finance, business administration, or marketing).
Demonstrate a passion for technology. Demonstrate leadership at school or in the community. Have a cumulative GPA of 3.3 or higher. Require financial assistance to attend college.
in
technology. The scholarships are renewable, so winners who continue to meet the criteria can receive an annual $5,000 award for up to four years.
How to Apply
To apply for a BAM Scholarship, print and fill out the application. Enclose it in an envelope with the following items:
Two letters of recommendation. At least one letter must be from a faculty or staff member at your school. Letters of recommendation should be original and should not be duplicates of college recommendation letters. (Letters must be on letterhead.)
Résumé. Your résumé should include the following information: —Extracurricular activities (school and community related)
—Honors and awards that you have received (if possible, include awards that are technology related) —Work experience Picture of yourself.
Transcript. Include an official "sealed" copy of your current academic transcript. (Unofficial copies will not be accepted.) Two essays.
1. In no more than 500 words, describe how you plan to engage in the technology industry in your future career. (If you have done exemplary work using technology during high school, please describe that also.)
2. In no more than 250 words, demonstrate your financial need for this scholarship.
Mail your completed application to the following address by March 1. You will receive a response by April 15. The Seattle Foundation c/o BAM Scholarship 1200 5th Avenue, Ste. 1300 Seattle, WA 98101
future economic
Volume 12 Number 3
competitiveness of our nation hinges on the positive economic outcomes of our young people,” said Brandee McHale, President,
“HBCUs are developing our next generation
of business and
December 2017
Citi Foundation. civic
leaders. These impactful institutions have long contributed to the fabric of our nation and continue to fuel economic
profound ripple effect on the strength of our families, communities,
progress, which has a and
businesses.” HBCUs have long been bastions
of academic achievement—it is clear to see that the value of HBCUs is not solely confined to economic impacts. HBCUs are 3 percent of America’s public and private nonprofit colleges that receive federal student aid, but enroll 10 percent of African American undergraduates,
award
and prepare for an information-age workforce,” said UNCF president and CEO Dr. Michael L. Lomax.
FROM PAGE 10 17 percent
educate Medical Tech “The
of African American bachelor’s degrees and award 24 percent of African American STEM bachelor's degrees. When the economic impact of these same schools is examined, it becomes clear that HBCUs are not only a sound economic decision for students, but that investing in HBCUs is beneficial for the communities they serve, potential employers of HBCU graduates, and the nation at large.
The
HBCUs Make America Strong: Positive
Economic Impact
of Historically Black Colleges and Universities
economy. Please
development visit
demonstrates
conclusively: HBCUs matter—not only to students, but also to employers, economic
and the
UNCF.org/
HBCUsMakeAmericaStrong to access the full report.
does not get much career coverage and exposure so, understandably, most people are unaware it exists. We are not medical assistants and we are not nurses. We do, however, work closely with nurses, as well as, doctors to deliver results to assist in diagnosis and treatments for patients. You may never see us because we work behind the scenes in the laboratory, which is why sometimes this profession is classified as non-clinical. The nurse or phlebotomist collects
the
samples and transports them to us. We run several tests depending on the patient’s condition and symptoms, and we report these results to the doctor who determines the patient
status,
diagnosis, or treatment based on these results.
Those that do have limited knowledge of the profession, call us “button pushers” or robots, but the profession is much more extensive. While working in this field I have found
that medical
day. Medical technologists are a vital member of the hospital team.
Labor statistics (2015), the job outlook
According to the Bureau of for medical
laboratory technologists is promising, at 16% it is growing much faster than average. Education
fulfilling a bachelor’s degree in medical
and clinical includes technology or the life
sciences. The field includes clinical chemistry, microbiology, hematology, as well as blood bank, also known as transfusion services. A technologist can specialize in any of these fields, or can work as a generalist. Lastly, a medical technologist must be licensed within their state, which is achieved by registering and taking
a test
administered by the American Society for Clinical Pathology.
Bureau of Labor Statistics, U.S.
Department of Labor, Occupational Outlook Handbook, 2016-17 Edition, Medical
and Clinical technologists
receive minimum notoriety and are extremely under-recognized. Although you may never see us or even be aware we do exist, we help save lives every
at Laboratory
Technologists and Technicians, on the Internet
healthcare/medical-and-clinical-labo- ratory-technologists-and-technicians. htm (visited July 27, 2017).
https://www.bls.gov/ooh/
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