Statesboro, September 4, 2025
News Summary
Georgia Southern University has reported a remarkable economic impact of $1.167 billion, contributing significantly to the local economy with over 9,700 jobs created. This growth reflects the vital role of education in fostering community prosperity. Students are also making an impact through their spending, which has helped local businesses thrive. The university’s commitment to equipping students for the future further strengthens economic development in the region, solidifying the connection between education and local economic growth.
Statesboro Celebrates Economic Surge Thanks to Georgia Southern University
In a move that has local residents buzzing with excitement, Georgia Southern University (GSU) has reported an impressive annual economic impact of $1.167 billion for fiscal year 2024. This marks a growth of 1.9% from the previous year, underscoring the university’s vital role in the community. This contribution is part of a larger picture, as the University System of Georgia (USG) revealed a staggering total economic impact of $23.1 billion across its institutions. What does this all mean for the people of Statesboro and beyond? Let’s dive in!
More Jobs, More Opportunities
Georgia Southern’s significant financial footprint is more than just numbers on a page; it translates to real opportunities for the community. Currently, the university has 3,096 jobs directly on its campuses in Statesboro, Savannah, and Hinesville. But the benefits don’t end there! The spending associated with the university has created an additional 6,627 off-campus jobs, bringing the total number of jobs impacted by Georgia Southern to an impressive 9,723. That’s a lot of folks dedicating their skills to strengthen the local economy!
Student Spending Boosts Local Economy
GSU students are pivotal players in the area’s economic landscape too. Collectively, they spent around $442,818,489 in the surrounding region during FY 2024. This influx of spending has likely helped local businesses thrive, from shops to restaurants and beyond. It’s safe to say that these students are not just gaining knowledge; they’re also making a tangible impact on the community.
Investing in Futures
Now, let’s talk about the long-term benefits of higher education. Students graduating in 2024 will see their lifetime earnings significantly boosted with a bachelor’s degree. It’s estimated that GSU graduates will earn over $16.54 billion combined in their lifetimes – a staggering figure! Not to mention, the class of 2024 can expect an average increase of over $1.4 million compared to their peers who don’t complete college. The information reflects a strong commitment to educate students who are ready to rock the job market.
The Bigger Picture
It’s not only students from GSU who will enjoy these lifetime earnings; it includes all graduates from the University System of Georgia. Collectively, these institutions handed out 73,006 degrees—resulting in expected lifetime earnings of a whopping $230 billion. That’s quite a return on investment for those who earn their bachelor’s degree here in Georgia!
Fostering Economic Development
At the heart of GSU’s achievements is a promise to equip students with the skills they need to thrive and to enhance the economic development in the region. With a focus on impactful research and education, GSU continually looks to foster a prosperous future for Georgia, helping graduates contribute positively to the state’s economy.
Connecting Education and Economic Growth
This story reinforces the idea that education and economic growth go hand in hand. The relationship between Georgia Southern University and its economic contributions demonstrates how academia can significantly uplift communities and create a brighter future for all involved.
FAQs
What is Georgia Southern University’s economic impact for FY 2024?
Georgia Southern University has reported a record economic impact of $1.167 billion for fiscal year 2024, marking a 1.9% increase from the previous year.
How many jobs has GSU created or sustained in the local area?
GSU has created or sustained a total of 9,723 jobs, including 3,096 on-campus jobs and an additional 6,627 off-campus jobs related to university spending.
What is the projected lifetime earning increase for GSU graduates?
Graduates from the class of 2024 are estimated to earn over $1.4 million more in their lifetimes compared to peers without a college degree.
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Additional Resources
- Grice Connect: Georgia Southern Reaches New Economic Impact Record of $1.167 Billion
- Wikipedia: Economic Impact Analysis
- WSAV: GSU Economic Impact Reaches $1.167 Billion
- Google Search: Georgia Southern University Economic Impact
- Grice Connect: University System of Georgia Packs Huge Economic Punch
- Google Scholar: Georgia Southern Economic Impact
- Statesboro Herald: Cotton Groups Set Georgia Info Meetings About Farm Bill
- Encyclopedia Britannica: Economic Development
- Grice Connect: Statesboro Prepares for Students’ Arrival
- Google News: Georgia Southern University
Author: STAFF HERE ATLANTA WRITER
The ATLANTA STAFF WRITER represents the experienced team at HEREAtlanta.com, your go-to source for actionable local news and information in Atlanta, Fulton County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as vibrant music festivals like Shaky Knees and Music Midtown, major cultural celebrations including Dragon Con and the Atlanta Film Festival, and iconic sporting events like the Peachtree Road Race. Our coverage extends to key organizations like the Metro Atlanta Chamber of Commerce and the Atlanta Convention & Visitors Bureau, plus leading businesses in logistics, beverages, and retail that power the local economy such as Delta Air Lines, The Coca-Cola Company, and The Home Depot. As part of the broader HERE network, including HEREAugusta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
