Thursday March 28th, 2024 12:32PM

UNG's economic impact up roughly 15 percent in latest study

The University of North Georgia recorded a roughly 15 percent jump in its economic impact on the region, according to an annual study.
 
The increase amounts to $81 million bringing the university's total economic impact on northeast Georgia to $625 million for fiscal year 2016, according to media release from the university.
 
"This study shows that UNG's commitment toward advancing economic growth and prosperity in the areas we serve is right on target," President Bonita C. Jacobs said in the release. "Each and every day, UNG's students, faculty and staff are contributing to our community to produce high-performing graduates ready to enter the workforce, and serve as a catalyst for economic development."
 
Most of the economic impact came from initial spending by the university, while $260 million was the result of spending by UNG students, according to the release.
 
In addition to the economic impact, the study indicated UNG had a regional employment impact of 6,204 jobs for the 2016 fiscal year.
 
In calculating the data for UNG, the Selig Center for Economic Growth in the University of Georgia's Terry College of Business looked at Banks, Barrow, Clarke, Dawson, Forsyth, Green and Gwinnett counties.  It also used numbers from Habersham, Hall, Jackson, Lumpkin, Morgan, Oconee, Oglethorpe, Union, Walton and White counties.
 
The Georgia Board of Regents commissions the annual study to examine economic impact for the entire University System of Georgia.
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