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Local colleges add $700M to midstate economy

 

June 13, 2011 The Macon Telegraph / Education Notebook:
 
 Local colleges add $700M to midstate economy
Local public colleges and universities contributed about $700 million and more than 8,200 jobs to the region’s economy in the 2010 fiscal year, according to a study released by the University System of Georgia on Tuesday.
 
During the period between July 1, 2009, and June 30, 2010, the 35 institutions within the University System of Georgia provided a $12.6 billion impact to the state’s economy, according to the report prepared by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business.
 
The study considered the initial spending of the colleges and universities and looked at the changes in regional output, employment and other factors as a result of that spending. System wide, the schools pumped an additional 38 cents into their local economies for every dollar they spent, according to the study.
 
The economic impact and jobs created on- and off-campus as a result of spending by colleges and universities in the area are:
  • Fort Valley State University: $141.4 million, 1,784 jobs;
  • Georgia College & State University: $175.6 million, 2,271 jobs;
  • Gordon College: $136.3 million, 1,311 jobs;
  • Macon State College: $162.3 million, 1,789 jobs; and
  • Middle Georgia College: $84 million, 1,058 jobs.
To see the full report, visit www.icapp.org/pubs/usg_impact_fy2010.pdf.
Compiled by Telegraph staff writer Andrea Castillo.

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