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IMPLAN Blog

Candi Clouse, Kristen Blazek, and Chandler West

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Closing Campus Doors: A Growing Threat to Local Economies

Posted by Candi Clouse, Kristen Blazek, and Chandler West on October 17, 2024

The educational landscape in the United States is changing rapidly, and for many small colleges and universities, the outlook is bleak. While large institutions may thrive, smaller liberal arts colleges have been facing mounting challenges that are pushing many toward closure. Over the last few decades, these colleges have played a pivotal role in fostering economic growth and stability in the small towns and cities where they are located. However, shifting demographics, rising operational costs, and other factors have combined to create a climate in which many schools are struggling to survive. What happens to the local economy when these institutions shut their doors?

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Topics: Economics, Impact

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