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New study shows economic impact of Virginia Western on region

A new study shows that Virginia Western Community College creates a significant positive impact on the region’s economy, generating a strong return on investment for students, society and taxpayers. Demonstrating the Economic Value of Virginia Western Community College, which was conducted by Economic Modeling Specialists International (EMSI), shows that during fiscal year 2012-13, Virginia Western and its alumni added $293.9 million to economy of its service region, which includes Roanoke City, the City of Salem, Roanoke County, Craig County, southern Botetourt County, and Franklin County.

Virginia Western commissioned the economic study as part of the ongoing development of its new organizational strategic plan: Success 2021. Along with the economic data, the college has also collected input from students, faculty and staff, alumni, veterans, community members and businesses through focus groups and surveys.

“We always strive to collaborate with our local businesses and industries to create curriculum and training programs that will drive the Roanoke Region’s economy,” said Dr. Robert H. Sandel, President of Virginia Western. “This report is very encouraging as it shows in hard numbers the great work we are doing. A Virginia Western education leads to higher individual salaries, more productive local businesses and higher tax revenues.”

Some of the major findings of the EMSI study include:

  • Virginia Western created a $293.9 million economic impact on the region in fiscal year 2012-13. Included in that is $262.9 million in alumni impact and $31 million in operations spending impact.
  • The $293.9 million in added income to the economy is approximately equal to 2.2 percent of the Gross Regional Product.
  • For every $1 spent by students on a Virginia Western education, they gain $2.70 in lifetime income.
  • For every $1 spent by society on Virginia Western, it gains $7.20 in added state income and social savings.
  • For every $1 spent by taxpayers on Virginia Western, they gain $5.70 in added taxes and public sector savings.
  • The added income created by Virginia Western and its students supported 6,845 job equivalents in the region.

To view key facts from the EMSI study or the complete report, visit: http://www.virginiawestern.edu/about/success2021/analysis.php.

Posted on April 13, 2015 in Campus News | Permalink

Yancey named Virginia Western 2015 Distinguished Alumni

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The Virginia Western Educational Foundation is pleased to recognize Deborah A. Yancey, Class of ‘97 and ’98, as its 2015 Distinguished Alumni.  The award was presented at the Virginia Western Community College Educational Foundation Annual Awards Ceremony, held March 25.  Yancey received the award from the 2014 Distinguished Alumni award winner, Virginia Western Police Chief Craig Harris.

Established in 2006 by the Virginia Western Alumni Association, the Distinguished Alumni Award recognizes Virginia Western Community College alumni and former students who have attained extraordinary distinction in their professional field or life and serves to honor all the men and women whose attendance at Virginia Western helped them achieve their educational and professional goals allowing them to better serve their communities.

“Debbie is well-known for the constant, compassionate dedication displayed toward her students,” said Dr. Angela Falconetti, Vice President of Institutional Advancement and Executive Director of Virginia Western’s Educational Foundation.  “Debbie has always been a favorite teacher and valued colleague, and is a courageous, creative and graceful leader. She embodies the true spirit of service, scholarship and accomplishment that defines a 2015 Distinguished Alumni.”

Yancey’s relationship with Virginia Western began in 1996, when she became a student as well as a part-time tutor.  She completed an associate’s degree in Accounting with cum laude honors in May 1997, receiving another associate’s degree in Management, again cum laude, in December of that same year.  She received a third AAS in Banking & Finance from VWCC in 1998.   She received her BA in Accounting from Radford University in 2000, and she achieved a Master’s of Business Administration from Averett University in 2003.

Yancey became an adjunct faculty instructor in 2003, moving to full time within a few years.  She continued to teach until 2014, and currently serves the College as Dean of Business, Technology and Trades.

Her commitment to student success is nowhere more evident than in her Suits for Students initiative.

Striving to best prepare students for their futures, Yancey had her students undergo “mock real-world interviews.”  The exercise required students to actually prepare and present themselves for an appointment with a new employer.

Knowing that dressing for success is not always possible for everyone, Yancey collected suits for the students to borrow if needed.  To do so, she gathered donations or purchased the suits herself. These suits have since been donated to the Hall Associates Career Center on campus to continue to help Virginia Western students make the transition to real-world success.

For more information about the Distinguished Alumni nomination process or Alumni Relations, contact Amanda Mansfield, Donor Relations Coordinator, at (540) 857-6926 or amansfield@virginiawestern.edu.

Posted on March 26, 2015 in Campus News, Educational Foundation | Permalink

Warner, Ottaway presented 2015 Impact Awards

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Virginia Western Community College’s Educational Foundation is proud to present the 2015 Community College Impact Award to Carolyn Warner and Geoffrey M. Ottaway, in recognition of the establishment of the Michael E. Warner Memorial Endowed Scholarship and the Michael E. Warner Memorial Annual Golf Tournament.  The award was presented at the Virginia Western Community College Educational Foundation Annual Awards Ceremony, held March 25.

One of the highest honors the College can bestow, the Community College Impact Award serves to recognize significant philanthropic and community support by individuals, corporations or organizations that will provide perpetuating benefits for Virginia Western, its students and the region at large.

Carolyn Warner is a dedicated community leader in philanthropic endeavors.  She is involved in many community organizations, and serves on the Membership Committee of Roanoke Women's Foundation, a philanthropic agency supporting organizations and projects in the Roanoke Valley.

Ottaway serves as the Chairman of Checker Leasing, Inc., a Roanoke-headquartered owner of Avis and Budget Rent-A-Car franchises in Roanoke, and in Kentucky, Mississippi, West Virginia and Texas. Ottaway served as a Director of Valley Financial Corp. and its subsidiary Valley Bank from January 20, 2005, until 2012.

Warner’s late husband, Michael E. (Mike) Warner, was a linchpin in the Roanoke Valley community, serving and working on many boards including St. Andrew’s Catholic Church, Apple Ridge Farms, Virginia Western Community College, Foundation for Roanoke Valley, Valley Bank, Petroleum Marketers, Inc., Downtown Roanoke, Inc., Center in the Square, Mill Mountain Theatre and Roanoke Catholic School.

Mike served as Director of Valley Financial Corp. and served as a Director of Valley Bank (The Bank), a subsidiary of Valley Financial Corp. Mr. Warner also managed his own private investment firm.

“The Michael E. Warner Memorial Endowed Scholarship was created to perpetuate the College’s ongoing dedication to student access and excellence, honoring Mike’s legacy of service to the College and the Roanoke Valley for generations to come,” said Dr. Angela Falconetti, Vice President of Institutional Advancement.  “The College is indebted to Carolyn and Geoff for their generosity of spirit and their dedicated efforts to serve our community.”

Established in 2013 with a launch donation by Ottaway of $100,000, funds from the scholarship will provide assistance for tuition, books and other related needs to a full-time student with a minimum 3.0 GPA enrolled in and pursuing a degree in Nursing or certificate in Practical Nursing.  Priority will be given to those students demonstrating financial need and who plan to remain in the College's service region after graduation to practice nursing (i.e., LPN or RN students).

In order to raise awareness and support for the Scholarship Fund, Carolyn and Geoff, along with Warner family members and devoted friends, have created The Michael E. Warner Memorial Golf Tournament, now in its second year.

“I can’t imagine a more fitting tribute to Mike’s memory than celebrating the scholarship that bears his name through one of his favorite pastimes,” said Dr. Robert Sandel, President of Virginia Western.  “This tournament brings the community together to make a difference in the lives of Virginia Western’s nursing students in perpetuity.”

In its inaugural year alone, the event raised more than $27,000 to support the fund. The 2nd Annual Michael E. Warner Memorial Golf Tournament will be held on July 25, 2015, at Hunting Hills Country Club.

For more information about the Tournament, scholarship process or to learn how to establish a scholarship, contact Carole Tarrant, Coordinator of Development, at (540) 857-6281 or ctarrant@virginiawestern.edu.

Upcoming changes to Admissions/Advising hours

Please note the following upcoming changes to the Admissions Office and Advising Center Hours:

Admissions Office:

Closed Friday, March 27th from 2-3 pm

Advising Center:

Closed Wednesday, March 25th from 3-4 pm
Closed Friday, March 27th from 2-3 pm
Closed Wednesday, April 8th from 3-4 pm
Closed Thursday, April 9th from 3-4 pm

The Records and Financial Aid Offices will not be impacted. We apologize for any inconvenience.

Posted on March 20, 2015 in Campus News | Permalink
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