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Using nationwide county-level data (2001–2022), we estimate the economic effects of Community College Baccalaureate (CCB) adoption, a policy allowing two-year colleges to confer applied bachelor’s degrees. Leveraging staggered implementation across 143 CCB counties, we employ a difference-in-differences event-study design to estimate dynamic effects of CCB adoption on county-level outcomes. Results show CCB adoption increases adult bachelor’s attainment by 3.5 percent within five years and employment by 4–6 percent after a decade, with each additional program adding roughly 1 percent to both outcomes. Establishment growth remains imprecise. Negative long-horizon pre-trends caution interpretation, yet dynamic patterns align with human-capital spillover theory: local degree gains precede labour-market expansion, illustrating CCBs’ partial but meaningful contribution to place-based development.