Study shows UGA has a $4.4 billion economic impact on Georgia
Georgia’s flagship university has a $4.4 billion annual economic impact on the state, according to a new study that analyzed how the three-part teaching, research and service mission of the University of Georgia contributes to the economy.
The study, conducted by UGA economist Jeffrey Dorfman, quantified variables such as the increase in earnings that graduates of the university’s schools and colleges receive, revenues from the licensing of university inventions, and the creation of business and jobs resulting from the university’s public service and outreach units.
“Nowhere is the bond between the state of Georgia and the University of Georgia more evident than in our far-reaching economic impact,” said President Jere W. Morehead. “The contributions of UGA faculty, staff, students and alumni are helping to ensure a strong economic future for our state.” Continue reading this story.