Ga. state universities’ economic impact estimated at $18.6 billion
AUGUSTA, Ga. - The University System of Georgia, which includes Augusta University, has released statistics on its estimated economic impact in the state.
Officials with the system say it served as a significant source of stability and played a critical role in the state’s recovery with an $18.6 billion statewide economic impact.
- The university system’s impact grew 0.6 percent over fiscal year 2019, directly and indirectly generating 155,010 jobs, according to the estimate.
- A new study shows a Class of 2020 graduate on average earning an additional $852,162 over the course of their career as a result of their USG degree.
- Every dollar spent directly by USG institutions and their students generated an additional 47 cents for the surrounding region’s 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 USG institution.
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