partlycloudy
Saturday May 30th, 2015 4:42PM

Economic impact of LTC, NGTC totals $76M

By Staff
ATLANTA - How much do the areas served by North Georgia Technical College (NGTC) and Lanier Technical College (LTC) benefit economically from spending that is either directly or indirectly related to the schools?

According to Dr. Jeffrey M. Humphreys, director of the Selig Center for Economic Growth at the University of Georgia's Terry College of Business, it adds up to more than $76 million - $40.7 by LTC and $35.2 by NGTC.

The economic impact is in a new report from Dr. Humphreys that details his analysis of economic data from the Technical College System of Georgia for the 2012 fiscal year.

"This study validates the tremendous impact of the partnership of mutual support the college nurtures and enjoys with the community," said NGTC President Dr. Gail Thaxton. "For 70 years, residents in North Georgia have depended on this institution to develop the skills they need to grow careers that enable them to provide for their families."

The study also found that the NGTC's spending results in 452 public and private sector jobs. Spending by LTC results in 515 jobs.

Humphreys reported that statewide, for each job created on a TCSG college campus, one off-campus job exists because of college-related expenditures. One in every 264 nonfarm jobs in Georgia, he said, occurs because of spending associated with a TCSG college.

"The fundamental finding is that each of the TCSG colleges...creates substantial economic impacts in terms of output, value added, labor income, and employment. These economic impacts demonstrate that continued emphasis on technical colleges as an enduring pillar of the regional economy translates into jobs, higher incomes, and greater production of goods and services for local households and businesses," said Humphreys.

The TCSG commissioned Humphreys to calculate the importance that spending connected to the state's technical colleges has for their service delivery areas, which range in size from two to eleven counties. Several categories of college expenditures were reviewed for the study, including personnel salaries and fringe benefits, college operations, capital construction projects, and student spending, to name a few.

"As we move forward, the technical college impact will be even greater as 63% percent of the workforce will need some level of education beyond a high-school degree," affirmed NGTC Vice President for Economic Development Dr. Mark Ivester.

Statewide, the $315 million state appropriation for the TCSG in 2012 helped to train almost 153,000 technical college students, contributed to $1.2 billion in direct and indirect spending in communities throughout Georgia, and was a factor in almost 15,000 public and private sector jobs.

"The spending factor alone is a sizable return on the state's investment in the TCSG, and it would be significantly higher if we were to add the economic value that our graduates create once they leave college and meet employers' needs for a skilled workforce," said Ron Jackson, commissioner of the TCSG.

The study did not attempt to measure the value in terms of the increased earnings of TCSG graduates or the colleges' role in helping the state to attract and retain companies with high-skill, good-paying jobs. Nor did it calculate the impact of the TCSG's Quick Start program, a state economic development incentive that provides customized training free of charge to new and expanding businesses.

The full report, The Economic Impact of Technical College System of Georgia Institutions on their Service Delivery Area Economies in FY 2012, is available online at https://tcsg.edu/download/TCSG_Impact_2012_Economic_Activity_1.2014.pdf

The following is a list of the 24 TCSG colleges and their economic and employment impact on their service delivery areas in 2012. (For a map of the colleges' service delivery areas go to https://tcsg.edu/tech_map.php.)

Albany Technical College
$47,378,544
552

Altamaha Technical College
$20,410,617
274

Athens Technical College
$46,716,956
608

Atlanta Technical College
$63,965,060
692

Augusta Technical College
$54,380,987
699

Central Georgia Technical College *
$64,673,414
873

Chattahoochee Technical College
$104,722,504
1,288

Columbus Technical College
$38,156,614
479

Georgia Northwestern Technical College
$68,963,126
886

Georgia Piedmont Technical College
$59,595,578
773

Gwinnett Technical College
$71,377,444
768

Lanier Technical College
$40,741,923
515

Middle Georgia Technical College *
$30,906,755
412

Moultrie Technical College
$26,095,668
371

North Georgia Technical College
$35,266,872
452

Oconee Fall Line Technical College
$30,382,428
442

Ogeechee Technical College
$29,515,195
393

Okefenokee Technical College
$17,807,595
233

Savannah Technical College
$56,935,335
707

South Georgia Technical College
$27,530,288
366

Southeastern Technical College
$30,469,358
402

Southern Crescent Technical College
$71,997,872
881

Southwest Georgia Technical College
$21,371,303
265

West Georgia Technical College
$65,357,646
911

Wiregrass Georgia Technical College
$55,199,383
757

TCSG System Total
$1,179,918,464
14,997

*colleges merged as the new Central Georgia Technical College in July 2013

© Copyright 2015 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.
US stocks post sixth straight year of gains
U.S. stocks ended a strong 2014 with moderate declines Wednesday.
4:43PM ( 4 months ago )
Palestinians push ahead in pursuit of war crimes charges against Israel
Stung by a resounding defeat in the U.N. Security Council, the Palestinians announced Wednesday that they joined the International Criminal Court to pursue war crimes charges against Israel.
1:57PM ( 4 months ago )
Business News
Grass fire impacts rush hour traffic on 985
Rush hour traffic on I-985 was slowed by a grass fire Wednesay afternoon with one lane closed while firefighters fought the blaze.
10:19PM ( 4 months ago )
Judge denies motions to move, delay Tsarnaev trial
Lawyers for Boston Marathon bombing suspect Dzhokhar Tsarnaev asked a federal appeals court Wednesday to overturn a judge's decision to not move his upcoming trial out of state.
10:02PM ( 4 months ago )
Sheriff: Man shot 2 on I-85 because he wanted car
A 22-year-old man shot two people who stopped to give him a ride on Interstate 85 in South Carolina on Christmas Eve because he wanted their car to drive to Georgia, a sheriff said Wednesday.
5:21PM ( 4 months ago )
Local/State News
Officer in fatal Smyrna shooting returns to work
Police in suburban Atlanta say an officer who fatally shot a man while serving a warrant has returned to work.
By The Associated Press
4:00PM ( 42 minutes ago )
Forsyth Co. deputies ID two separate fatal crash victims
Forsyth County authorities have released the identities in two fatal crashes that happened on Friday.
1:20PM ( 3 hours ago )
Suwanee looking for new Planning Division Director
The city of Suwanee is looking for a new Planning Division Director after the departure of Matt Dickison.
By Brian Stewart
12:30PM ( 4 hours ago )
Gainesville first-time UI claims down 45+ pct; state numbers at lowest level since 2000
The number of initial claims for unemployment insurance in April in Georgia hit the lowest level since June 2000, with Gainesville among the places leading the way.
By AccessWDUN Staff
11:30AM ( 5 hours ago )
Former Maryland Gov. Martin O'Malley enters Democratic race for president
BALTIMORE (AP) — Former Maryland Gov. Martin O'Malley enters Democratic race for president.
10:58AM ( 5 hours ago )