{"72696":{"#nid":"72696","#data":{"type":"news","title":"Metro Colleges Impact Georgia and Atlanta Economies","body":[{"value":"\u003Cp\u003EColleges and universities in the Atlanta region contribute $10.8 billion and 130,000 jobs to the state\u0027s economy annually, according to a study released today by the Atlanta Regional Council for Higher Education (ARCHE). \n\u003C\/p\u003E\n\u003Cp\u003EThe report, \u0022How the Atlanta Region\u0027s Colleges and Universities Are Enriching Georgia,\u0027 brings together data from Atlanta-area private and public institutions and shows a spending impact from the institutions, their students, employees and visitors of more than $9.2 billion a year. Spending on capital improvements adds another $1.5 billion impact in Georgia. \n\u003C\/p\u003E\n\u003Cp\u003E\u0022Higher education is a significant sector of the Georgia economy,\u0022 said ARCHE President Michael A. Gerber. \u0022This report shows us a different way to think about the region\u0027s colleges and universities. These are not only great educational institutions - they\u0027re major developers, they\u0027re tourist attractions, and they\u0027re big employers.\u0022 \n\u003C\/p\u003E\n\u003Cp\u003E\u0022Until now, we have vastly underestimated the economic impact and overall importance of higher education to Georgia,\u0022 said Craig Lesser, Commissioner of the Georgia Department of Economic Development, who spoke at the report\u0027s release Wednesday. \u0022Georgia has a great story to tell, and all of us need to do a better job of talking about higher ed\u0027s contributions to Georgia and Atlanta as great destinations to live and do business.\u0022 \n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EEnriching lives across the state \u003C\/strong\u003E\u003Cbr \/\u003E\nThe impact of these institutions reaches beyond Atlanta to the state as a whole. Much of the report\u0027s data is available by industry sector and by impact on the state of Georgia as well as on the Atlanta region. The report is online at \u003Ca href=\u0022http:\/\/www.atlantahighered.org\u0022 title=\u0022www.atlantahighered.org\u0022\u003Ewww.atlantahighered.org\u003C\/a\u003E. \n\u003C\/p\u003E\n\u003Cp\u003ENumbers don\u0027t tell the whole story of the impact of these institutions on people around the state. So the report profiles seven Georgians - from a first-generation college student to a Decatur restaurant owner to a former U.S. Surgeon General - whose lives or businesses have been transformed by colleges and universities in the Atlanta area. \n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EVisitors to campus \u003C\/strong\u003E\u003Cbr \/\u003E\nThe 19 ARCHE member institutions draw 5.7 million visitors a year - 1.5 million of them for an overnight stay. They come for admissions visits, commencement celebrations, arts, sports, academic conferences and health care. While they\u0027re here, they spend $469 million each year in the state. \n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EKey figures \u003C\/strong\u003E\u003Cbr \/\u003E\n\u003Cstrong\u003E\u0022How the Atlanta Region\u0027s Colleges and Universities Are Enriching Georgia\u0022\u003C\/strong\u003E \n\u003C\/p\u003E\n\u003Cp\u003ECombined annual economic impact on Georgia \t\t$10,767,423,000\u003Cbr \/\u003E\n(Includes impact of spending on capital improvements of $1,526,284,000 and impact of spending by colleges and universities, their students, employees and visitors of $9,241,140,000.) \n\u003C\/p\u003E\n\u003Cp\u003EJobs created annually in Georgia \t\t\t\t129,050 \n\u003C\/p\u003E\n\u003Cp\u003ECombined annual economic impact on the Atlanta region \t$7,630,231,000 \n\u003C\/p\u003E\n\u003Cp\u003EJobs created annually in the Atlanta region \t\t\t116,230 \n\u003C\/p\u003E\n\u003Cp\u003EStudents enrolled annually in Atlanta-area colleges and universities \t216,500 \n\u003C\/p\u003E\n\u003Cp\u003EAlumni of ARCHE-member institutions living in Georgia \t522,540 \n\u003C\/p\u003E\n\u003Cp\u003EState and local taxes paid in Georgia by alumni of ARCHE institutions \t$2.4 billion \n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EMethodology \u003C\/strong\u003E\u003Cbr \/\u003E\nFor purposes of this study, the \u0022Atlanta region\u0022 or \u0022Atlanta area\u0022 includes the Athens-Clarke County Metropolitan Statistical Area, the Atlanta-Sandy Springs-Marietta MSA and the Gainesville MSA. The study uses data from 49 degree-granting, accredited higher education institutions in these three MSAs. Of these, 21 are public and 28 are private (both for-profit and non-profit) institutions. \n\u003C\/p\u003E\n\u003Cp\u003EInformation on annual spending and tax revenues is based on FY 2003 data and expressed in FY 2005 dollars. Information related to capital expenditures reflects an average annual impact based on the period FY 1999-FY 2003 expressed in FY 2005 dollars. Methodology details are at \u003Ca href=\u0027http:\/\/www.atlantahighered.org\/archereports\/econimpact.asp\u0027\u003Ehttp:\/\/www.atlantahighered.org\/archereports\/econimpact.asp\u003C\/a\u003E. \n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EAbout ARCHE \u003C\/strong\u003E\u003Cbr \/\u003E\nThe Atlanta Regional Council for Higher Education brings together the Atlanta region\u0027s public and private colleges and universities. ARCHE builds awareness of the size, scope, impact and value of higher education and helps its 19 member institutions share strengths through cooperative programs such as cross registration and library sharing. Founded in 1938, ARCHE\u0027s membership also includes six affiliated libraries and 12 corporate and nonprofit community partners. \n\u003C\/p\u003E\n\u003Cp\u003EVisit \u003Ca href=\u0027http:\/\/www.atlantahighered.org\/\u0027\u003Ehttp:\/\/www.atlantahighered.org\/\u003C\/a\u003Efor information about ARCHE, its members and its reports. \n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003EMedia Contacts:\u003C\/strong\u003E\u003Cbr \/\u003E\nMichael A. Gerber, \u003Ca href=\u0022mailto:mgerber@atlantahighered.org\u0022\u003Emgerber@atlantahighered.org\u003C\/a\u003E\u003Cbr \/\u003E\nBeth Day, \u003Ca href=\u0022mailto:bday@atlantahighered.org\u0022\u003Ebday@atlantahighered.org\u003C\/a\u003E\u003Cbr \/\u003E\n404.651.2668\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":[{"value":"Colleges add spending, jobs, talent to economy"}],"field_summary":[{"value":"Colleges and universities in the Atlanta region contribute $10.8 billion and 130,000 jobs to the state\u0027s economy annually, according to a study released by the Atlanta Regional Council for Higher Education (ARCHE).","format":"limited_html"}],"field_summary_sentence":[{"value":"Colleges add spending, jobs, talent to economy"}],"uid":"27301","created_gmt":"2006-09-26 00:00:00","changed_gmt":"2016-10-08 03:01:42","author":"Elizabeth Campell","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2006-09-27T00:00:00-04:00","iso_date":"2006-09-27T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"72697":{"id":"72697","type":"image","title":"Tech Tower","body":null,"created":"1449177942","gmt_created":"2015-12-03 21:25:42","changed":"1475894663","gmt_changed":"2016-10-08 02:44:23"}},"media_ids":["72697"],"related_links":[{"url":"http:\/\/www.gatech.edu\/news-room\/release.php?id=927","title":"Georgia Tech Economic Impact Study"}],"groups":[{"id":"1214","name":"News Room"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cstrong\u003ELisa Grovenstein\u003C\/strong\u003E\u003Cbr \/\u003ECommunications \u0026amp; Marketing\u003Cbr \/\u003E\u003Ca href=\u0022http:\/\/www.gatech.edu\/contact\/index.html?id=lgrovenste3\u0022\u003EContact Lisa Grovenstein\u003C\/a\u003E\u003Cbr \/\u003E\u003Cstrong\u003E404-894-8835\u003C\/strong\u003E","format":"limited_html"}],"email":["lisa.grovenstein@comm.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}