GSU economic impact tallies over $500 million - WTOC-TV: Savannah, Beaufort, SC, News, Weather & Sports

GSU economic impact tallies over $500 million

STATESBORO, GA (WTOC) -

Georgia Southern University had an economic impact of $512 million and nearly 7,000 jobs in the Statesboro and Bulloch County area during the 2011-2012 fiscal year.

This according to a study released by the University System of Georgia.

The study was conducted by the Selig Center at the University of Georgia and calculated the economic impact for each of the 35 University System of Georgia institutions.

At Georgia Southern, student spending accounted for the largest portion of the University's economic impact, accounting for more than $266 million dollars and resulted in 3,797 jobs in the Statesboro and Bulloch County area.

The study also revealed the important role colleges and universities play in job creation. Overall, college and university spending creates more jobs off-campus than on-campus. The study also found that, on average, for every one job on campus there are two off-campus jobs related to institutional spending, and most of those are in the private sector.

For a copy of the full report, visit: www.usg.edu/economic_development/documents/PS-USGImpact2011.pdf

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