Southern Polytechnic State University’s impact on Georgia in fiscal year 2011 totals more than $198 million, according to a newly released study by the Board of Regents of the University System of Georgia.
The previous report, based on fiscal year 2010 data, placed SPSU’s economic impact at $192 million. This year’s data represent a growth of more than 3.5 percent in the university’s economic impact over the last 12 months and a 20 percent increase in the last 24 months.
The numbers from the report were calculated based on sales, gross regional product, income and full- or part-time jobs. SPSU provides an economic influence to its surrounding community, contributing 1,826 jobs and adding millions of dollars to the local and regional economy in personal services, construction expenditures and student spending.
The study determined that the economic impact to the state of Georgia by all 35 institutions in the University System totaled $13.2 billion in fiscal year 2011. The study also indicated that Georgia's public higher education system generated nearly 132,000 full- and part-time jobs.
The Board of Regents’ Office of Economic Development commissioned the Selig Center for Economic Growth in the University of Georgia’s Terry College of Business to analyze the economic data collected between July 1, 2010, and June 30, 2011.
The full report is available at for downloading at http://www.usg.edu/economic_development/documents/PS-USGImpact2011.pdf