Ivy Tech Madison Contributes $11 Million to Region

New report highlights the college's significant economic impact through students, alumni, and operations.

Apr. 6, 2026 at 2:55pm

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A vibrant, high-contrast silkscreen print of a stack of college textbooks repeated in a grid pattern, using bold neon colors and heavy black outlines to create a modern pop art style illustration.Ivy Tech Community College's educational programs provide a significant economic boost to the Madison, Indiana region.Madison Today

A new report by Lightcast has found that Ivy Tech Community College's Madison campus has an annual economic impact of over $11 million in the region, supporting one out of every 76 jobs in the service area through its students, alumni, and operations.

Why it matters

As a major community college and workforce development institution, Ivy Tech plays a crucial role in providing affordable higher education and vocational training to help grow the local economy. This report quantifies the substantial economic benefits the college brings to the Madison, Indiana area.

The details

The report found that the average Ivy Tech Madison associate degree holder earns $11,000 more per year than someone with only a high school diploma. Students also see a strong return on their investment, earning $5.10 for every dollar spent. Additionally, the social benefits of Ivy Tech Madison have a 10:1 benefit-cost ratio, meaning every dollar invested in the college generates $10 in cumulative value for the community.

  • The report analyzed Ivy Tech's economic impact during Fiscal Year 2024-2025.

The players

Ivy Tech Community College Madison

A public community college campus located in Madison, Indiana that is part of the statewide Ivy Tech Community College system.

Dr. Amanda Harsin

Chancellor of Ivy Tech Community College Madison.

Marty Pollio

President of Ivy Tech Community College.

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What they’re saying

“Ivy Tech is a major thought partner in our community, and now this report shows that we're also a major economic impact.”

— Dr. Amanda Harsin, Chancellor of Ivy Tech Community College Madison

“We know that more education and skills lead to better and higher-paying jobs, and that is a key mission for Ivy Tech as Indiana's workforce engine.”

— Marty Pollio, President of Ivy Tech Community College

The takeaway

This report underscores Ivy Tech Community College's vital role as an economic engine for the Madison, Indiana region, providing affordable higher education and vocational training that directly translates to higher incomes and a stronger local economy.