Advertisement

Ga. state universities’ economic impact estimated at $18.6 billion

Augusta University
Augusta University(WRDW)
Published: Jul. 20, 2021 at 3:43 PM EDT
Email This Link
Share on Pinterest
Share on LinkedIn

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.

Other statistics:

  • 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.

Copyright 2021 WRDW/WAGT. All rights reserved.