ASU Report

The Augusta area receives a substantial economic benefit—$1.2 billion—from the presence of Augusta State University (ASU) and the Medical College of Georgia (MCG), according to a new study released by the University System of Georgia (USG). ASU’s impact of over $193 million and MCG’s impact of $1 billion are part of a $12.7 billion economic impact of the 35 institutions in Georgia’s public university system on the state’s economy during Fiscal Year 2009. The institutions of the University System of Georgia generated nearly three percent of the state’s total jobs during that time.

The Selig Center for Economic Growth in the University of Georgia’s Terry College of Business analyzed data collected between July 1, 2008, and June 30, 2009, to calculate the University System’s FY2009 economic impact. The study found that Georgia’s public higher education system generated 112,336 full- and part-time jobs–2.8 percent of all the jobs in the state in FY2009.  Most of those jobs–62 percent of them–are off-campus positions in the private or public sectors that exist because of the presence in the community of USG institutions. The remainder (38 percent) are jobs on campus.

In the Augusta region, the study found that ASU and MCG produce 11,176 jobs. Alone, ASU’s employment impact is 2,000 jobs.

Dr. Marc Miller, dean of the James M. Hull College of Business at Augusta State, says the findings by the Selig Center show the University System has a significant, positive economic impact on the state. “The state’s public colleges and universities generate jobs and salaries that sustain and expand a significant portion of Georgia’s economy,” he says.

Augusta State’s total output impact on the region:
Initial                     Output                   Value                     Labor Income      Employment
Spending               Impact                   Added Impact     Impact                   Impact
Augusta State       137,791,633        193,345,474         116,850,387         80,068,085           2,000

Personal Services  40,477,981          77,128,977           55,820,990         48,153,319              926

Operating Expenses  8,106,212          22,060,168             7,325,599            4,526,069              115

Student Spending     79,207,440          94,156,329           53,703,798         27,388,697           959

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