July 8, 2010
Renee DeGross Valdes, 404-413-1353
ATLANTA - Georgia State University fueled the Atlanta economy by $1.4 billion in fiscal year 2009, according to a new study by the University System of Georgia that looked at the impact of its 35 higher education institutions. That's nearly 11 percent of the university system's total statewide economic impact.
The report said GSU was No. 3 in overall economic impact of all institutions. In the last 10 years, the university's economic impact has almost tripled. Since 1999, the total impact was more than $9 billion, according to the report.
For every $1 of GSU spending, it generated $1.58 for the local economy.
The University System of Georgia (USG) as a whole directly impacted the state's economy by $12.7 billion during the 2009 fiscal year, compared with $12.1 billion the year earlier. The 35 institutions of USG - including Georgia State University - accounted for nearly 3 percent of the state's total jobs during that time.
The report is based on data collected between July 1, 2008 and June 30, 2009 and the data was analyzed by the Selig Center for Economic Growth in the University of Georgia's Terry College of Business. This work updates similar studies conducted on behalf of The Intellectual Capital Partnership Program.