The University System of Georgia’s economic impact on the state was $15.5 billion in fiscal year 2015, according to the most recent study conducted by the Selig Center for Economic Growth in UGA’s Terry College of Business.
The system’s economic impact grew $1.3 billion, an increase of 9 percent, from fiscal year 2014 to 2015. Student spending in communities where USG institutions operate was a primary driver in the increase with overall higher student enrollment in the University System creating significant impact.
The economic impact of the USG is a measure of direct and indirect spending that contributes to the regions served by the system’s colleges and universities.
A separate study, conducted by UGA economist Jeffrey Dorfman, found that UGA has a $4.4 billion annual economic impact in the state. That study was released in January.