The Georgia Institute of Technology’s impact on Atlanta’s economy grew 8.5% between 2017 and 2018, according to a new analysis released August 20.
All told, the Institute was responsible for more than $3.35 billion in direct and multiplied spending in fiscal year 2018. That’s the highest of any University System of Georgia school, according to the Selig Center for Economic Growth at the University of Georgia.
Overall, the 26 public colleges and universities in Georgia created nearly $17.7 billion in economic activity for their communities.
“The annual state economic impact report highlights just how vital University System of Georgia institutions are to communities throughout the state through the multiplier effect,” said Georgia Tech President G.P. “Bud” Peterson. “When you add in the impact of graduates in the community, the value is priceless. In addition, Georgia Tech is honored to contribute through research collaborations, innovation neighborhoods and partnerships throughout the state, as well as through programs to strengthen Georgia’s STEM workforce.”
Continue reading at: Georgia Tech News Center
