Study: KSU, SPSU have $1B impact on economy
by Marcus E. Howard
mhoward@mdjonline.com
July 26, 2012 01:09 AM | 2130 views | 4 4 comments | 10 10 recommendations | email to a friend | print
MARIETTA — The total economic impact of Kennesaw State University and Southern Polytechnic State University has reached more than $1 billion, according to a state Board of Regents study.

KSU’s economic impact increased by 6.7 percent in Fiscal Year 2011. The state’s third largest university helped put $853.6 million into the local economy and generated 8,324 jobs, including 5,883 jobs off-campus.

Though smaller in size, SPSU’s economic impact rose by 3.3 percent to $198.6 million. The university’s presence in Marietta generated 1,826 jobs, including 1,361 off-campus.

In total, both schools’ local economic impact was $1.1 billion, according to the study. The FY 2010 total was $992.5 million.

The economic impact study, which was conducted by the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business, collected data between July 1, 2010 and June 30, 2011.

Overall, the economic impact of University System of Georgia’s 35 institutions on the state economy in FY 2011 was $13.2 billion. The study indicated that Georgia’s public higher education system generated 131,990 full- and part-time jobs — 3.4 percent, or one in 29, of all jobs in the state.

Projected fall enrollment at KSU totals roughly 24,100 students.

“Even as the national economy continues to struggle, it’s good to know Kennesaw State’s impact on the local economy continues to expand,” KSU President Dr. Dan Papp said in a statement. “As we prepare to celebrate our first half century, we take great pride in the role KSU plays in the region’s economic success.”

Just over 6,100 students are expected to attend SPSU this fall.

“SPSU was originally founded at the request of business and industry, and our students, faculty, staff and graduates continue to provide a great return on that investment,” SPSU President Dr. Lisa Rossbacher said. “All of us are gratified to see that the university’s economic impact continues to have a strong positive effect on the region and the state.”

The numbers from the report were calculated based on sales, gross regional product, income, and full- and part-time jobs. The study does not account for all of the short-term impacts of the 35 institutions on their host communities.

The fundamental finding of the study is that each of the 35 institutions created substantial economic impacts in terms of output, added value, labor income and employment, wrote study author Dr. Jeffrey Humphreys, the director of the Selig Center.

“These economic impacts demonstrate that continued emphasis on higher education as an enduring pillar of the regional economy translates into jobs, higher incomes and greater production of goods and services for local households and businesses,” Humphreys wrote.
Comments
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School's value
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July 27, 2012
to V Gregory: Please tell me what market forces decided it was a good idea to teach you to read? Very likely, your own parents didn't think it was financially prudent to teach you to read (among other things). Instead, they paid their $1200 a year in state taxes and had a person with ample experience teach you.

Did it ever occur to you that widespread education brings the market place, instead of the reverse which you propose? If we all chip in (yes through taxes) we get an educated workforce... and the businesses come. This alone is what's responsible for America's place in the world. Why you propose to dismantle it to save yourself a pittance is beyond me.
KSUsed
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July 27, 2012
This in part is the reason that Matthews is destroying Kennesaw to please KSU.....just keep on putting up those dorms and apartments Matthews....I can't wait to see the day the students start voting in Kennesaw elections....
Gary Burley
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July 26, 2012
Go KSU Owls!
v gregory
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July 26, 2012
The saddest part of this story is that if our University system was doing its job, then the masses would know that wealth is not magically created by Universities. Tax supported entities take money from the productive portion of society and redistribute it to places that the market would not. Who knows what real wealth would be created if these schools had to be self-supported and stopped seizing money from the productive sector. When the Board of Regents uses our tax dollars to fund this kind of bogus research we better get ready for them to demand more tax dollars!
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