During the 2010 fiscal year, Albany State University’s overall economic impact on the regional economy was measured at $137,707,545, according to a report recently released by the University System of Georgia.
The report also measured ASU’s employment impact at 1,757 jobs in fiscal year 2010. Of that total, 580 jobs were on-campus and 1,177 jobs were off-campus and existed because of institution-related spending.
Also in fiscal year 2010, the economic impact of ASU’s capital outlays reached $73,900,181 with an employment impact of 654 jobs.
The region ASU covers for the report includes the counties of Dougherty, Lee, Worth, Mitchell, Terrell, Colquitt, Baker, Sumter, Calhoun and Tift.
Overall, the University System of Georgia’s economic impact on the state was measured at $12.6 billion with an employment impact of 130,738 jobs.
Conducted by the Selig Center for Economic Growth in the Terry College of Business at the University of Georgia, the report was based on a needs assessment study commissioned by Georgia’s Intellectual Capital Partnership Program (ICAPP).
To view the report, visit http://www.icapp.org/pubs/usg_impact_fy2010.pdf.