UGA’s impact: $2.16 billion
The university’s economic impact on the Athens-area economy topped $2.16 billion in fiscal year 2012, and the school’s operations accounted for more than 22,000 jobs. According to the UGA Selig Center for Economic Growth which looked at the impact of all 35 University System of Georgia institutions, UGA’s economic impact on the local economy—which includes Clarke, Oconee, Madison, Oglethorpe, Jackson, Barrow, Walton and Gwinnett counties—was an increase of more than 5 percent from fiscal 2011. For university system schools, UGA’s impact was second in the state only to Georgia Tech.
UGA also was responsible for 22,196 jobs, which include 9,042 on-campus jobs and 13,154 jobs that exist because of UGA spending. The total number of jobs is an 8 percent increase over fiscal 2011 and is the most jobs created by a state university.
In fiscal 2012, which ended June 30, 2012, UGA spent $669.5 million in salaries and $393.6 million in operating expenses, a combined increase of 5 percent over fiscal 2011. Student spending in the Athens area also increased, from $444.9 million in fiscal 2011 to $446.9 million in fiscal 2012.
Statewide, the University System of Georgia schools employed more than 139,000—3.6 percent of all jobs in Georgia—and had a combined economic impact of $14.1 billion, compared with $13.2 billion in fiscal 2011.