Georgia
Georgia Southern’s FY2023 economic impact soars beyond $1.145 billion | Newsroom
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
Gulfstream recently announced a $5 million investment in Georgia education, welcoming students and leaders to its Savannah headquarters.
ATHENS, Ga. – Designated hitter Daniel Jackson and centerfielder Rylan Lujo combined for nine RBI Sunday, leading fifth-ranked Georgia to a 12-1 win over LSU at Foley Field.
Georgia improved to 41-11 overall, 21-6 in the SEC, while LSU dropped to 29-24 overall and 9-18 in conference play.
The Tigers return to action at 6:30 p.m. CT Thursday when they play host to Florida in Game 1 of a three-game SEC series in Alex Box Stadium, Skip Bertman Field. Thursday’s game will be broadcast on the LSU Sports Radio Network and streamed on SEC Network +.
“Georgia won the moments in this series,” said LSU coach Jay Johnson. “They’re going to score, so you’ve got to capitalize against them when you have scoring opportunities on offense.”
Georgia starting pitcher Caden Aoki (8-0) was the winner, limiting LSU to one run on four hits in 5.0 innings with two walks and seven strikeouts.
LSU right-hander Casan Evans (2-3), making his first appearance since April 17 versus Texas A&M, started the game Sunday and was charged with the loss, working 1.2 innings and allowing four runs on four hits with two walks and three strikeouts.
“I thought Casan’s stuff looked great, and that’s good for him from a health standpoint,” Johnson said. “He’s a guy that the more he pitches, the better he is, so there might have been a little bit of rust, but I thought he competed fine.”
Georgia struck for four runs in the bottom of the second inning in an outburst highlighted by Jackson’s two-out, two-run single and an RBI single by second baseman Ryan Black.
The Tigers narrowed the gap to 4-1 in the third when designated hitter Omar Serna Jr. delivered an RBI single.
Georgia extended its lead to 7-1 in the fourth as Jackson launched a two-run homer and centerfielder Lujo lined a run-scoring single.
Lujo unloaded a grand slam in the fifth, giving the Bulldogs an 11-1 advantage.
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