Media release: The University System of Georgia recently released the USG’s total economic impact on the state of Georgia. Of the more than $16 billion reported by the USG as a whole, Georgia Highlands College’s contribution was more than $149 million.
The USG report is for Fiscal Year 2016 and is conducted by the Selig Center for Economic Growth in the University of Georgia’s Terry College of Business. GHC’s economic impact was exactly: $149,423,968.
This represents an increase of over $17 million from the 2015 report, which means the college has increased its impact by more than $30 million since the Fiscal Year 2013 report.
The University System’s economic impact grew $1.3 billion, an increase of 8 percent, from fiscal year 2015 to 2016. The increase is attributed to “spending by the institution and spending by the students who attend that particular college or university.” On average, for every dollar spent by the university, an additional 52 cents is generated for that institution’s region.
The full study with data for all USG institutions is here.