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    Georgia Southern has economic impact on area

    Georgia Southern has economic impact on area

    Report estimates footprint at more than $1 billion


    A recent report says Georgia Southern University has an annual economic impact of just more than $1 billion on the region.
    The report, which was released last week, says Statesboro-based school is part of the University System of Georgia’s $16.8 billion economic impact on the state. It operates a satellite campus in Hinesville.
    The report found these economic impacts demonstrate that continued emphasis on colleges and universities as pillars of the state’s economy translates into jobs, higher incomes and greater production of goods and services.
    The report tied 11,535 jobs to Georgia Southern, contributing to an annual economic impact measured at $1.02 billion.
    “It is very powerful to hear Georgia Southern has an economic impact of more than $1 billion,” said school President Shelley Nickel. “This study helps tell the story of our influence, but the real impact we have is in the classroom and on the students whose lives we change.”
    The report indicates an overall increase in full- and part-time jobs throughout the state, either at USG institutions or because of them. Of the 163,754 jobs noted in the report across Georgia, 50,541 or 31 percent are on the campuses while 113,213 or 69 percent, are off campus.
    For every person employed at the USG or a member institution, 2.2 people have jobs that support the institution in the local community.
    This is the first report on Georgia Southern’s economic impact after its consolidation with Armstrong State University in Savannah. The report found that in southeast Georgia:
    • There are 3,543 jobs on Georgia Southern’s campuses in Statesboro, Savannah and Hinesville
    • Because of institutional-related spending 7,992 jobs exist off campus
    • Georgia Southern’s “initial spending” is $770,234,740. That breaks down in three areas:
    o $237,251,789 is spent on personal services
    o $131,083,060 is spent on operations
    o $401,899,891 is spent by Georgia Southern’s students
    “The workforce development impacts are arguably as important, if not more important, than the dollar spending impacts,” said Michael Toma, Ph.D., Fuller E. Callaway Professor of Economics and director of the Center for Business Analytics and Economic Research. “Graduates' labor market skills and employment opportunities are significantly enhanced by their education. Georgia Southern meets the needs of regional employers today and prepares the workforce and community leaders of tomorrow.”
    Toma said the regional impact extends beyond the jobs, dollars and spending data. The community-mindedness and civic engagement of Georgia Southern's students, faculty and staff are demonstrated by participation in numerous off-campus projects, he said.
    In addition, the cultural fabric of the region is enhanced by many art performances, lectures, athletic, and events hosted on the campuses.
    The annual study is conducted on behalf of the Board of Regents by Jeffrey M. Humphreys, Ph.D., director of the Selig Center for Economic Growth in the University of Georgia’s Terry College of Business.
    The full report is available here.
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