GC has $235 million impact on local economy

Talking points:

  • Georgia College increased its impact on the regional economy to more than $235 million for fiscal year 2015, according to a study commissioned by the Board of Regents of the University System of Georgia. The economic impact of the university extended to Baldwin, Hancock, Putnam, Wilkinson, Jones and Washington counties.
  • Quote: “There are several ways that the university impacts the economy,” said Johnny Grant, director of economic development and external relations at Georgia College. “The more than 800 jobs on campus and the payroll associated with them is extremely important. In addition, it is estimated that almost 2,000 jobs are created off campus by the products and services Georgia College’s employees and students purchase each year.”
  • Economic impact is measured by the initial spending of the institution for operations and personnel as well as student spending. The total economic impact includes the effect of initial spending and the secondary or indirect and induced spending that occurs when initial expenditures are re-spent.
  • The Selig Center for Economic Growth at the University of Georgia’s Terry College of Business analyzed data collected between July 1, 2014 and June 30, 2015 to determine economic impact.
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s