{"221051":{"#nid":"221051","#data":{"type":"news","title":"University System Reports $14.1 Billion Economic Impact","body":[{"value":"\u003Cp\u003EAn annual study of the University System of Georgia\u2019s economic impact on the state records a 7.4 percent increase from fiscal year 2011 to 2012. That is a jump of $900 million to a new high of $14.1 billion of direct and indirect spending in the regions served by the System\u2019s 31 colleges and universities.\u003C\/p\u003E\u003Cp\u003ELooking at the impact of individual institutions, Georgia Tech was the largest in terms of economic impact ($2.6 billion) and second in jobs (20,869).\u003C\/p\u003E\u003Cp\u003ETo calculate the economic impact for FY12, the \u003Ca href=\u0022http:\/\/www.terry.uga.edu\/about\/centers-institutes\/selig\u0022\u003ESelig Center for Economic Growth\u003C\/a\u003E in the University of Georgia\u2019s Terry College of Business analyzed data collected between July 1, 2011, and June 30, 2012. The annual study is conducted by Dr. Jeffrey M. Humphreys on behalf of the Board of Regents.\u003C\/p\u003E\u003Cp\u003E\u201cWe have been analyzing the University System\u2019s economic impact for a number of years and what is clear is the importance of these colleges and universities on local and state economies from just about every variable: direct spending, income, production of goods and services and jobs,\u201d said Humphreys.\u003C\/p\u003E\u003Cp\u003EThe full study with data for all 31 USG institutions is available at:\u003Cbr \/\u003E\u003Ca href=\u0022http:\/\/www.usg.edu\/economic_development\/documents\/usg_Impact_fy2012.pdf\u0022\u003Ehttp:\/\/www.usg.edu\/economic_development\/documents\/usg_Impact_fy2012.pdf\u003C\/a\u003E\u003C\/p\u003E\u003Cp\u003ECurrent and past economic impact studies can be found at: \u003Ca href=\u0022http:\/\/www.usg.edu\/economic_development\/publications\/studies\u0022\u003Ehttp:\/\/www.usg.edu\/economic_development\/publications\/studies\u003C\/a\u003E\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003ELooking at the impact of individual institutions, Georgia Tech was the largest in terms of economic impact ($2.6 billion) and second in jobs (20,869).\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":[{"value":"Among member institutions, Georgia Tech\u0027s impact is the largest: $2.6 billion"}],"uid":"27299","created_gmt":"2013-07-08 15:01:25","changed_gmt":"2016-10-08 03:14:30","author":"Michael Hagearty","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2013-07-10T00:00:00-04:00","iso_date":"2013-07-10T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"related_links":[{"url":"http:\/\/www.usg.edu\/","title":"University System of Georgia"}],"groups":[{"id":"1317","name":"News Briefs"}],"categories":[{"id":"129","name":"Institute and Campus"}],"keywords":[{"id":"1033","name":"Economic Impact"},{"id":"726","name":"University System of Georgia"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}