University Of Georgia Generates Record-High $7.6 Billion For Georgia Economy In 2022

The University of Georgia (UGA) generated a record-high $7.6 billion for the state of Georgia in 2022, according to a new study. 

As explained in the study, the “University of Georgia creates economic impact by increasing the human capital of Georgia residents” through education and training programs, research, innovation, and other factors. 

The study, led by UGA agricultural and applied economics professor Michael Adjemian, found that “two out of every three UGA graduates continue to live in Georgia. Their increased earnings bring revenue to the tax bases of their communities. The study also found that both out-of-state and international student-spending throughout the 2021-2022 academic year contributed to the rapid growth,” Fox 5 Atlanta reported

“As this latest study highlights, the University of Georgia delivers a tremendous return on public investment, and our value to our home state continues to grow,” said President Jere W. Morehead. “I am proud of the work our university is doing to create opportunities across Georgia and strengthen our state’s economy.”

The study notes that the $7.6 billion figure does not include the university’s operational expenses, which amounts to approximately $3.3 billion. Combining these two numbers produces a total economic contribution of $10.9 billion from the university to the state’s economy.

D & B Staff

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