Georgia Southern University Has More Than $500 Million Economic Impact During 2011-2012 Fiscal Year
Georgia Southern University had an economic impact of $512 million and nearly 7,000 jobs in the Statesboro and Bulloch County area during the 2011-2012 fiscal year, according to a study released today by the University System of Georgia.
“This study shows that Georgia Southern University is a significant economic player in the Statesboro and Bulloch County community,” said Georgia Southern President Brooks Keel, Ph.D. “We are proud that, in addition to the significant educational impact we have on the area, that we can also be a major economic engine for our community and our region of the state.”
The study was conducted by the Selig Center at the University of Georgia and calculated the economic impact for each of the 35 University System of Georgia institutions.
The study shows that at Georgia Southern, student spending accounted for the largest portion of the University’s economic impact. Student spending accounted for more than $266 million dollars and resulted in 3,797 jobs in the Statesboro and Bulloch County area.
“Our students are a vital part of this community,” Keel continued. “Whether they are spending on groceries, clothing or entertainment, that money goes into the cash registers of area businesses and allows those businesses to grow and provide more jobs and economic opportunity for the people who call Statesboro and Bulloch County home.”
The study also revealed the important role colleges and universities play in job creation. The study found that overall, college and university spending creates more jobs off-campus than on-campus. The study also found that, on average, for every one job on campus there are two off-campus jobs related to institutional spending, and most of those are in the private sector
For a copy of the full report, visit: www.usg.edu/economic_development/documents/PS-USGImpact2011.pdf
Georgia Southern University, a Carnegie Doctoral/Research University founded in 1906, offers more than 120 degree programs serving more than 20,000 students. Through eight colleges, the University offers bachelor’s, master’s and doctoral degree programs built on more than a century of academic achievement. The University is one of the Top 10 most popular universities in the nation according to U.S. News & World Report, and is a top choice of Georgia’s HOPE scholars. Georgia Southern is recognized for its student-centered approach to education. Visit: www.GeorgiaSouthern.edu.