Georgia Southern University and East Georgia State College continue to be important drivers of the economy in the region, according an annual survey on the economic impact of University System of Georgia institutions released Wednesday.
The survey reveals that Georgia Southern had a $524 million economic impact on Statesboro and Bulloch County, and accounted for more than 6,500 jobs in fiscal 2012.
“Despite the tough economic times we faced in the last several years, Georgia Southern continues to grow, provide a high quality education and generate jobs for so many people,” explained Brooks Keel, Ph.D., the president of Georgia Southern. “Even with the financial challenges, people still value higher education and see it as a life-changing investment. We are so proud of what this university contributes to our community and so thankful for the tremendous support we receive in return.”
According to the survey from the Selig Center for Economic Growth at the University of Georgia, Georgia Southern student spending accounted for $272 million of the University’s economic impact and resulted in nearly 3,500 jobs in the Statesboro and Bulloch County area. The research found that for every dollar of initial spending by a University System institution or its students, an additional 45 cents was generated for the local economy.
In total, the system’s 35 institutions combined to have a $14.1 billion economic impact on the state, the study showed. This is a $980 million increase from FY 2011 and a $7 billion boost since fiscal 1999. USG institutions account for more than 139,000 full and part-time jobs in Georgia. One job out of every 28 in the state can be attributed to the University System.
The universities providing the greatest economic impact to their regions in 2012 were the Georgia Institute of Technology ($2.6 billion), the University of Georgia ($2.2 billion), and Georgia State University ($1.6 billion).
East Georgia State College, with campuses in Swainsboro and Statesboro and a new one opening in a few weeks in Augusta, was credited with a $70 million impact to the local area. The school is responsible for 858 total jobs.
"The new 2012 Economic Impact Report is clear evidence that education is a good investment and it emphasizes the wisdom and vision of the Swainsboro leaders who led the effort to establish East Georgia State College, then Emanuel County Junior College, in the early ’70s,” said Dr. Bob Boehmer, the president of East Georgia State. “We have EGSC alumni serving as successful pharmacists, judges, lawyers, teachers, anthropologists, doctors, engineers, and business and industry leaders, many in our local communities and this region of our state.”
The complete study with data for all 31 USG institutions is available by clicking here.