中出少妇视频 System of Georgia state economic impact grows to $18.6 billion
Atlanta — July 19, 2021
In fiscal year 2020, the 中出少妇视频 System of Georgia (中出少妇视频) served as a significant source of stability and played a critical role in the state中出少妇视频檚 recovery with an $18.6 billion statewide economic impact. 中出少妇视频中出少妇视频檚 impact grew 0.6 percent over fiscal year 2019. The system directly and indirectly generated 155,010 jobs.
Graduates are also seeing benefits, with a new study showing a Class of 2020 graduate on average earning an additional $852,162 over the course of their career as a result of their 中出少妇视频 degree.
中出少妇视频淲ith strong support from the state and significant planning from our campuses, 中出少妇视频中出少妇视频檚 economic impact on local communities across Georgia held steady despite a challenging year,中出少妇视频 Acting Chancellor Teresa MacCartney said. 中出少妇视频淎t the same time, a degree from a 中出少妇视频 institution continues to add real value to the lives of our graduates and their families. We remain focused on doing everything in our power to help more Georgians complete college and ensure our state has a well-prepared, highly skilled workforce to grow Georgia中出少妇视频檚 economy.中出少妇视频
The economic impact study found every dollar spent directly by 中出少妇视频 institutions and their students generated an additional 47 cents for the surrounding region中出少妇视频檚 economy. While $12.7 billion of the $18.6 billion was a result of that direct spending, the remaining $5.9 billion was additional spending within local communities sparked by the presence of a 中出少妇视频 institution.
With an uptick in direct spending for FY2020, the report found, 中出少妇视频淚n sum, 中出少妇视频 institutions were a vital source of economic stability.中出少妇视频
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 中出少妇视频 of Georgia中出少妇视频檚 Terry College of Business.
In terms of jobs generated, 34 percent were on-campus positions (52,904 full-time equivalent 中出少妇视频 System employees), while 66 percent (102,106 jobs) were off-campus in either the private or public sectors. That means for every person employed at a 中出少妇视频 institution or the system itself, two people have jobs that support the presence of the institution in the local community.
The Selig Center also conducted a companion study led by Humphreys and Alexandra P. Hill titled, 中出少妇视频淟ifetime Earnings for 中出少妇视频 System of Georgia Class of 2020.中出少妇视频 The lifetime earnings report showed how work-life earnings increase substantially with each step up in earned degree.
中出少妇视频中出少妇视频檚 2020 graduates who work in Georgia are expected to bring in a combined of $175 billion in lifetime earnings, of which $59 billion (34 percent) can be attributed to their degrees.
More specifically, higher education credentials increase the work-life earnings of the median Georgia resident by $238,455 (certificate), $377,000 (associate), and $1,152,500 (bachelor中出少妇视频檚 degree). Beyond a bachelor中出少妇视频檚 degree, a master中出少妇视频檚 degree is worth an additional $247,000 and a professional degree is worth an additional $1,015,000. Finally, a Ph.D. increases work-life earnings by an additional $638,000 over a master中出少妇视频檚 degree.
The full economic impact report and the lifetime earnings report are available online.
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