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SPSU's economic impact was calculated at more than $192.2 million, also up from the $165 million calculated for FY09.
being positions in the private and public sectors.
Economic data was collected using spending by students, university spending on personal services and operating expenses, Air Max 2016 All Blue gross regional product, income, and full and part time jobs from each university in the University System from July 1, 2009, to June 30, 2010. The Regents then commissioned the Selig Center for Economic Growth at the University of Georgia's Terry College of Business to analyze the data and calculate the total impact each university had on its local economy.
Cobb's other two higher education institutes Chattahoochee Technical College and Life University, both located in Marietta are not part of the University System.
together had an almost $1 billion economic impact on Cobb County and metro Atlanta in fiscal year 2010, according to a study just released by the Board of Regents of the University System of Georgia.
SPSU contributed 1,813 jobs to the Cobb community with 464 of those being on campus and 1,349 existing because of other jobs created by the university in the public and private sectors.
news release sent out by KSU said.
The Georgia Institute of Technology recorded the most economic impact at approximately $2.2 billion, while the University of Georgia came in a step behind at about $2 billion. Georgia State University came in third with about $1.5 billion in economic impact.
The study concluded that the economic impact to the entire state by all 35 institutions in the University System totaled $12.6 billion in FY10. Overall, the University System was responsible for 130,738 full and part time jobs, with approximately 34 percent being on campus jobs and 66 percent Nike Air Max Wright White
Total spending due to KSU's presence was estimated at $507.8 million. Of that, the university's spending which includes salaries, fringe benefits, operating expenses and other budgeted expenditures came to about $229.8 million. Spending by students was calculated about 21 percent greater at $278 million.
"With the changes in the HOPE Scholarship program, student spending may not rise as much going forward," Humphries said.
MARIETTA Southern Polytechnic State and Kennesaw State universities Nike Air Max Shoes
SPSU, located in Marietta, saw more even distribution of university and student spending. Of the university's total spending calculated at $122.5 million, $60.4 million of that was generated by the university while student spending generated about 3 percent more, at $62.1 million.
But Humphreys warned that student spending was likely to decrease over the current fiscal year, as students face more economic challenges and less assistance from the HOPE Scholarship after legislators scaled back on the scholarship program's contributions in the spring.
"Kennesaw State's impact on the local economy is substantial and expanding," KSU President Dr. Daniel S. Papp said. "With a growing student body of more than 23,400, we are proud to call Cobb County home and to contribute in such a significant manner to the region's success."
In terms of jobs, KSU generated 8,870 full and part time positions and 5,705 or about 55 percent of those positions were off campus jobs in the public or private sectors "because of the presence of KSU in the community," a Nike Air Max Women Teal
"Colleges and universities are key drivers in economic development," said Jeffrey M. "Higher education institutions educate the workforce, innovate through basic and applied research and collaborate with employers to help them become more competitive."
KSU came out on top in Cobb, as the study said its impact on the 28 county metro Atlanta region totaled about $800.3 million. That's nearly $100 million more than the university's $701 million impact calculated for FY09.
Degrees and dollars Study shows SPSU KSU have near 1 billion economic impact on metro area
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