Georgia
Georgia Southern’s FY2023 economic impact soars beyond $1.145 billion | Newsroom
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Recent reports from the University System of Georgia (USG) highlight that Georgia Southern University continues to make a significant economic impact both on its surrounding region and on the graduates it produces.
The USG recorded a $21.89 billion total economic impact from July 1, 2022 until June 30, 2023, while Georgia Southern’s annual economic impact has soared beyond $1.145 billion for FY 2023, a 3.4% increase over the previous year and a new recorded impact total.
Conducted on behalf of USG by Jeffrey M. Humphreys, Ph.D., director of the Selig Center for Economic Growth in the University of Georgia’s Terry College of Business, the study also showed USG over the same period generated 163,332 full- and part-time jobs across Georgia.
In terms of economic impact, there are 3,265 jobs on Georgia Southern’s campuses in Statesboro, Savannah and Hinesville. Because of institution-related spending, 6,550 jobs exist off-campus, meaning that a total of 9,815 jobs exist due to institution-related spending in fiscal year 2022. The report also noted that Georgia Southern students spent $417,549,495 in the region in fiscal year 2023.
“Georgia Southern’s record economic impact throughout the region is a direct reflection of the remarkable work being done by our dedicated faculty and staff on all three campuses,” stated Georgia Southern President Kyle Marrero. “As we move into the fall semester with increased enrollment, we remain committed to meeting the needs of Southeast Georgia by developing talent and supporting the University’s robust public impact research initiative. ”
In a companion study, Humphreys found that USG bachelor’s graduates from the Class of 2023 will earn $1.4 million more during their lifetimes than they would have without their college degree.
Based on work-life earnings estimates for Georgia, the analysis showed that the 72,037 USG graduates from the Class of 2023 can expect combined total lifetime earnings of $220 billion, which is $70 billion more than they could expect to earn had they not gone on to college or graduate school.
The study shows graduates with at least a bachelor’s degree will earn $1.4 million more throughout their lives. In fact, high school graduates who obtain a bachelor’s degree will boost their work-life earnings in Georgia by 82%, exceeding the 80% increase estimated for the nation.
The average increase in lifetime earnings fluctuates year-to-year for each graduating class depending on how many bachelor’s degrees are awarded compared to the other degree categories. If factoring in less-than-four-year degrees for the Class of 2023, the average amount of extra earnings is $911,459.
“Postsecondary education pays off for USG graduates,” the report said.
The full reports are available online: USG Lifetime Earnings 2022 and USG Economic Impact 2023
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Georgia
Formerly incarcerated Georgia women speak about about pregnancy behind bars
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Georgia
Rep. McBath ‘furious’ Georgia Gov. Brian Kemp won’t help feed hungry kids
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Georgia
Georgia Southern students return to campus
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STATESBORO, Ga. (WTOC) – As we have been covering a lot of back-to-school stories this past month it is officially time for local universities to start as well.
Wednesday, was the first day of class for Georgia Southern University.
WTOC was on campus to see how the first day went for both students and staff.
Wednesday marks the first day of classes for over 27,000 Georgia Southern students across all of their campuses.
We went to the Georgia Southern campus in Statesboro and checked in with students and faculty to see how the first day of class is going.
Many students we spoke to said they are looking forward to starting their core classes in a wide variety of majors.
“Intro to Criminal Justice,” said student, Maria Marin.
“Business Management here,” said student, Jimmy Fallstrom.
Tuesday night, the university kicked off their First in Flight event to welcome new students.
For the first day, the common challenge seemed to stay the same navigating campus.
“To just learn about the school and just not get lost around campus which…I just did,” said Marin.
However, faculty like Aileen Dowell the Dean of Students said they were prepared for this challenge.
“Today, is just going to be a lot of way-finding for students like where is this building, where is this class, how do I get there? So, actually today I’ll be helping with welcome tents that are all over campus. We have staff, students, and faculty pointing students to the right direction,” said Dowell.
Dowell said that for the more than 4,000 freshman, excited nerves are what makes this day so special.
“So today is going to be a lot of excitement, a lot of wow this is a new place, like how do I navigate it,” said Dowell.
Across campus, staff that have served this campus for years, like Chef Kathy Thomson, said that Wednesday is exciting because they get to see their beloved students again.
“I’m kinda like a mentor since I’m older and I kind of tell them the right thing, what to do, and go to school, graduate so you can get a good job so you can make some money. But I love them, I treat them like my own kids,” said Thomson.
University officials tell WTOC that their goal for the rest of the week is to make sure that the old and the new students are feel at home as much as possible.
Copyright 2024 WTOC. All rights reserved.
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