Community College of Rhode Island (CCRI) Market Research Report

Background

The Community College of Rhode Island (CCRI), established in 1964, is the state's sole public comprehensive associate degree-granting institution and the largest community college in New England. With a mission to provide affordable, open access to higher education, CCRI offers a diverse array of academic, career, and lifelong learning programs. The college is dedicated to fostering intellectual, professional, and personal growth among its students, emphasizing high academic standards, diversity, and responsiveness to community needs.

Key Strategic Focus

CCRI's strategic objectives include:

Academic Excellence: Offering a wide range of associate degrees and certificate programs across various disciplines, including liberal arts, health sciences, business, and technology.

Workforce Development: Collaborating with industry partners to develop programs that align with current labor market demands, thereby enhancing employment opportunities for graduates.

Accessibility and Affordability: Maintaining an open admissions policy and affordable tuition rates to ensure higher education is accessible to all Rhode Islanders.

Diversity and Inclusion: Serving a diverse student body and fostering an inclusive learning environment.

Financials and Funding

CCRI's financial structure is supported by state funding, tuition, and philanthropic contributions. Notably, in September 2023, Bally's Corporation announced a $5 million donation to the CCRI Foundation, marking the largest gift in the Foundation's history. This investment aims to advance higher education and provide significant economic opportunities for Rhode Island's workforce.

Pipeline Development

CCRI continually develops and updates its academic programs to meet evolving industry standards and student needs. The partnership with Bally's Corporation includes the development of a unique gaming, hospitality, and security-focused academic program, with on-campus learning labs and on-site training opportunities. The goal is to have degree programs available by Fall 2024.

Technological Platform and Innovation

CCRI has implemented several technological initiatives to enhance sustainability and operational efficiency:

Energy Efficiency Measures: Partnered with Ameresco to complete infrastructure improvements, resulting in annual energy savings of approximately $1.2 million and a reduction of 4,900 metric tons of CO₂ emissions.

Leadership Team

Dr. Rosemary A. Costigan, Ph.D., R.N.: Interim President since September 2023. Dr. Costigan has been with CCRI for over 30 years, serving in various capacities, including Vice President for Academic Affairs. She is the first alumna to serve as president of the college.

Leadership Changes

In March 2023, Dr. Meghan Hughes announced her plan to step down as president of CCRI, effective August 31, 2023. Dr. Hughes served as president since 2016 and was the first female president of the college.

Competitor Profile

Market Insights and Dynamics

The community college sector in Rhode Island and neighboring states is characterized by a focus on providing affordable, accessible education and workforce development programs. The market is influenced by factors such as state funding, demographic shifts, and evolving industry needs.

Competitor Analysis

Rhode Island College (RIC): A public institution offering undergraduate and graduate programs. While RIC provides a broader range of degrees, CCRI's focus on associate degrees and certificates offers a more accessible entry point for many students.

Bristol Community College: Located in Massachusetts, offering similar associate degree programs. As a member of the Massachusetts Community College Athletic Association, it shares regional affiliations with CCRI.

Strategic Collaborations and Partnerships

Bally's Corporation: A $5 million donation to develop gaming, hospitality, and security-focused academic programs, enhancing CCRI's offerings and providing students with industry-relevant skills.

Ameresco: Partnership for energy efficiency improvements across CCRI campuses, resulting in significant cost savings and environmental benefits.

Operational Insights

CCRI's strategic considerations include:

Program Development: Aligning academic offerings with labor market demands to enhance graduate employability.

Sustainability Initiatives: Implementing energy efficiency measures to reduce operational costs and environmental impact.

Community Engagement: Strengthening partnerships with local industries and organizations to support workforce development and community needs.

Strategic Opportunities and Future Directions

CCRI is positioned to:

Expand Industry Partnerships: Building on existing collaborations to develop new programs that meet emerging industry needs.

Enhance Online Learning: Investing in digital platforms to offer flexible learning options for a diverse student body.

Increase Student Support Services: Implementing initiatives to improve retention and graduation rates, particularly among underrepresented populations.