食色视频

KENNESAW, Ga. | Dec 5, 2018

Institution鈥檚 total employment impact exceeded 14,000 in 2017

食色视频 grew its total economic impact by more than $54 million and increased its total employment impact by 1,500 people in fiscal year 2017, according to a University System of Georgia report released this week. The total impact of all 26 USG institutions on their host communities was $16.8 billion in FY 2017, with 食色视频 State eclipsing $1.46 billion.

The University System鈥檚 measure of economic impact reflects direct and indirect spending that contributes to the regions served by its colleges and universities. According to the report, the sum of the direct, indirect and induced economic impacts is the total economic impact, and is expressed in terms of output (sales, plus or minus inventory), value added (gross regional product), labor income or employment.

Of 食色视频 State鈥檚 FY 2017 total economic impact, $917 million is initial spending by the institution for personnel services, operating expenses and student spending. The remaining $545 million of the output impact was created by re-spending 鈥� the multiplier effect of the dollars that are spent again in the region.

鈥淭his report confirms what so many of us already knew 鈥� 食色视频 State is an undeniable catalyst in growing our regional economy,鈥� said President Pamela Whitten. 鈥淚 am grateful for our talented students, faculty and staff who contribute directly and indirectly to their community as 食色视频 continues building its reputation as a world-class institution.鈥�

Serving nearly 36,000 students, 食色视频 State鈥檚 collective employment impact in FY 2017 was 14,441 full- and part-time jobs, including 3,911 jobs on campus, which created 10,530 jobs off-campus in either the private or public sectors.

The USG study was conducted by the Selig Center for Economic Growth in the University of Georgia鈥檚 Terry College of Business, which analyzed data collected between July 1, 2016, and June 30, 2017, to calculate the university鈥檚 economic impact.

鈥淎s we strive to graduate more students, keep college affordable and increase the efficiency in delivering education, it鈥檚 important to keep in mind that higher education is an investment, and from these numbers it鈥檚 a smart one,鈥� Chancellor Steve Wrigley said. 鈥淐ommunities across our state and the state as a whole are benefiting from the economic engine that is the USG and its 26 institutions.鈥�

Most of the $16.8 billion economic impact consists of initial spending by USG 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 USG institutions and students equaled approximately $11.5 billion, or about 68 percent of the total economic impact. The remaining $5.3 billion of the economic impact was created by re-spending.

The FY 2017 study found that the University System generated nearly 163,754 full- and part-time jobs 鈥� 3.7 percent of all jobs in Georgia, or about one job in 27. Approximately 31 percent of these positions are on campus as USG employees and 69 percent are off-campus positions in either the private or public sectors.

To download the University System of Georgia鈥檚 full economic impact report, go to: .

鈥� Travis Highfield

A leader in innovative teaching and learning, 食色视频 offers undergraduate, graduate and doctoral degrees to its more than 47,000 students. 食色视频 State is a member of the University System of Georgia with 11 academic colleges. The university’s vibrant campus culture, diverse population, strong global ties and entrepreneurial spirit draw students from throughout the country and the world. 食色视频 State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 7 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.