Savannah State's Regional Economic Impact Increases to $192M
Thursday, August 24th, 2017
According to a recent report, Savannah State University’s output impact in the regional economy is approximately $192 million – an increase of about $13 million over last year’s figures. Additionally, the report attributed nearly 2,000 full- and part-time jobs to institutional-related spending. Approximately 32 percent of these positions are on campus while 68 percent are off-campus positions in either the public or private sectors.
The economic impact report for fiscal year 2016 was commissioned by the University System of Georgia and considers factors such as institutional expenditures for salaries and fringe benefits, operating expenses and other budgeted expenditures, student spending and capital projects. The report updates similar studies conducted on behalf of the USG by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business.
The total economic impact of all 28 USG institutions was $16.8 billion in FY 2016. 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.