University System Packs Almost $13B Wallop

Georgia’s 35 public universities produced an impact of $12.7 billion on the state’s economy during fiscal 2009, a 65 percent increase over a decade ago, according to a report released Thursday.

Most of the $12.7 billion in economic impact came from initial spending by university system institutions for salaries and fringe benefits, operating supplies and expenses and other budgeted expenditures, as well as spending by students.

Georgia Tech had a $2.17 billion impact and 15,870 jobs impact.

Read more: University system packs almost $13B wallop – Atlanta Business Chronicle