Saturday September 23rd, 2017 11:26PM

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

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

Albany Technical College

Altamaha Technical College

Athens Technical College

Atlanta Technical College

Augusta Technical College

Central Georgia Technical College *

Chattahoochee Technical College

Columbus Technical College

Georgia Northwestern Technical College

Georgia Piedmont Technical College

Gwinnett Technical College

Lanier Technical College

Middle Georgia Technical College *

Moultrie Technical College

North Georgia Technical College

Oconee Fall Line Technical College

Ogeechee Technical College

Okefenokee Technical College

Savannah Technical College

South Georgia Technical College

Southeastern Technical College

Southern Crescent Technical College

Southwest Georgia Technical College

West Georgia Technical College

Wiregrass Georgia Technical College

TCSG System Total

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

© Copyright 2017
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.