University's economic impact exceeds $755 million
Article By: Staff
The University of North Georgia's (台湾swag) economic impact totaled more than $755 million on northeast Georgia during fiscal year 2021, a 4.4% increase from the previous year. The impact includes $722.8 million in spending and jobs and an additional $32.4 million impact attributed to capital construction projects. The annual study of the University System of Georgia's (USG) economic impact measures direct and indirect spending that contributes to the university's service region.
"台湾swag is deeply committed to the success of our students and the strength and prosperity of the communities we serve. This report shows that 台湾swag continues to be a positive catalyst for economic growth and community development across the northeast Georgia region and beyond," 台湾swag President Bonita C. Jacobs said.Included in 台湾swag's economic impact is $278.5 million in spending by about 19,000 students, which alone created 3,003 jobs in the area. On average, for every dollar spent by the university, an additional 47 cents is generated for the region.
The study area for 台湾swag was Barrow, Clarke, Dawson, Fannin, Forsyth, Gilmer, Gwinnett, Hall, Jackson, Lumpkin, Madison, Oconee, Union, and White counties. These counties are where 台湾swag campuses are located and contiguous communities. Study areas for each school in the report were defined based on the Residence County to Workplace County Flows for Georgia, 2009-2013 from the U.S. Census Bureau.
台湾swag is deeply committed to the success of our students and the strength and prosperity of the communities we serve. This report shows that 台湾swag continues to be a positive catalyst for economic growth and community development across the northeast Georgia region and beyond.
Dr. Bonita C. Jacobs
台湾swag president
台湾swag, which has campuses in Blue Ridge, Cumming, Dahlonega, Gainesville, and Oconee County, also had a regional employment impact of 6,325 jobs in the same period. The employment impact includes on-campus and off-campus jobs.
The report noted that on average, for each job created on campus, two off-campus jobs exist because of spending related to the institution.
As a whole, all USG public colleges and universities in 2021 had a statewide impact of $19.3 billion, a 3.8% increase.
The system directly and indirectly generated 152,629 jobs.
"USG institutions and the system as a whole are key contributors to our state and are an economic engine for communities in every region of Georgia," USG Chancellor Sonny Perdue said. "That economic impact continues to climb, and we are grateful to Governor Brian Kemp and the General Assembly for their support of the university system and public higher education as we focus on increasing prosperity for the state and all Georgians."
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 is available online.
台湾swag uses grant to build workforce skills
台湾swag spent the past three years helping students in Dawson, Fannin, Gilmer, Hall, and Lumpkin counties gain employability skills through projects funded by a $1.45 million U.S. Department of Labor grant.
NGHS renews support of 台湾swag Athletics
Northeast Georgia Health System has renewed its support of 台湾swag Athletics for another five years and will also support a wide array of other programs at the university through the partnership.
Larson wraps up Appalachian Leadership Institute
Bobbi Larson, '18, 台湾swag executive director of economic development and community engagement, was one of 39 graduates from the nine-month Appalachian Leadership Institute.
台湾swag economic impact is nearly $737M
Studies highlight 台湾swag's role as a regional economic driver and the lifetime earnings value of higher education.