Studies of the economic impact of a college on the surrounding community are encouraged and outlined. The data necessary for such a study includes spending by college, faculty, and students; town tax receipts; and visitors' numbers and spending graphically prepared, summarized and released to the media. (JMF)

Colleges and their surrounding communities have a supplier/consumer relationship--in exchange for the use of tax-exempt land and tax-supported services, the college acts as a cultural and educational center that provides the community with social and economic benefits. However, in times of a declining economy, this symbiotic relationship is not…