Iowa’s community colleges contributed $5.5 billion of income to the state’s economy in 2021, according to a report released Tuesday. The economic impact report, conducted for the Iowa Department of Education and the Iowa Association of Community College Trustees by Emsi Burning Glass, estimates that community college students see a return of $6.30 in future earnings for every dollar they invest in their education — an average annual return on investment of 24.9%. The state’s 15 community colleges supported 87,149 jobs in Iowa, or about 1 in 23 jobs, the largest component being 71,230 jobs of community college graduates working in the state. Student spending supported 3,936 jobs, and construction spending for community colleges supported 352 jobs. Iowa’s community colleges also contribute to overall higher individual earnings. During FY 2019-20, students invested $626.2 million to attend community college, and in return, students earn yearly income $7,900 higher than someone with only a high school diploma. “At a time when investments in higher education are being more closely scrutinized, this report clearly demonstrates the value Iowa’s Community Colleges bring to students, taxpayers and the state of Iowa,” said Emily Shields, executive director of the IACCT.