There's money in higher education -, South Georgia News, Weather, Sports

There's money in higher education

January 19, 2005

Albany-- Georgia colleges are doing more than teaching students, they're also pumping billions of dollars into the economy. According to a 2004 study, Georgia's 34 public colleges and institutions generated $9.7 billion for the state's economy.

To determine the economic impact, the study calculated spending on salaries, supplies and expenses, as well as spending by students.

Darton, Albany State, and Georgia Southwestern pumped more than $283 million into the area economy last year.

"The factor here is the growing enrollment. It has grown by more than 35% since 2001. So that has a big impact on the economy in the last three or four years," said Darton College Economics Professor Amit Singh.

More than 100,000 people work for the state's higher education institutions, that's about 3 percent of Georgia's work force.

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