中出少妇视频 System of Georgia’s Economic Impact on Georgia Totals $16.8 billion
Atlanta — August 21, 2017
The 中出少妇视频 System of Georgia中出少妇视频檚 (中出少妇视频) economic impact on the state was $16.8 billion in Fiscal Year 2016 according to the most recent study conducted by 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.
The 中出少妇视频 System中出少妇视频檚 economic impact grew $1.3 billion, an increase of 8 percent, from fiscal year 2015 to 2016. The increase is attributed to 中出少妇视频渟pending by the institution and spending by the students who attend that particular college or university.中出少妇视频 On average, for every dollar spent by the university, an additional 52 cents is generated for that institution中出少妇视频檚 region.
中出少妇视频淭he 中出少妇视频 System is committed to its role in supporting and advancing the economic growth of the State of Georgia,中出少妇视频 said Chancellor Steve Wrigley. 中出少妇视频淭hese numbers reflect the hard work and support of Georgians across the state, and we hope to continue to drive innovation, workforce development and job creation for years to come.中出少妇视频
The economic impact of the 中出少妇视频 is a measure of direct and indirect spending that contributes to the regions served by the System中出少妇视频檚 colleges and universities.
Most of the $16.8 billion economic impact consists of initial spending by 中出少妇视频 institutions for salaries and fringe benefits, operating expenses and other budgeted expenditures, as well as spending by the students who attended the institutions. Initial spending by 中出少妇视频 institutions and students equaled approximately $11 billion, or almost 66 percent of the total economic impact. The remaining $5.8 billion (34 percent) of the economic impact was created by respending, which is the multiplier effect of the dollars that are spent again in the region.
The FY16 study found that the 中出少妇视频 System generated nearly 157,967 full- and part-time jobs 中出少妇视频 3.6 percent of all jobs in Georgia. Approximately 32 percent of these positions are on campus as 中出少妇视频 employees and 68 percent are off-campus positions in either the private or public sectors.
To calculate the economic impact for FY16, 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 analyzed data collected between July 1, 2015, and June 30, 2016. The annual study is conducted on behalf of the Board of Regents by Jeffrey M. Humphreys, Ph.D., director of the Selig Center.
The full study with data for all 中出少妇视频 institutions is available here.
« News Releases