Wednesday, June 1, 2016

Georgia Tech’s Impact on Georgia Economy

An experienced information technology professional, Antoine Chaya serves as a senior director for strategic accounts at tech industry giant Oracle Corporation. Antoine Chaya earned both his MBA and PhD from the Georgia Institute of Technology, also known as Georgia Tech.

According to a recent study, Georgia Tech’s impact on Georgia’s economy amounts to $2.87 billion. The number was based on a study commissioned by the Board of Regents of the University System of Georgia (USG), which was released on May 12.

In 2015, USG is comprised of 31 institutions. For fiscal 2015, the system’s total impact amounted to $15.5 billion. Georgia Tech had the largest economic impact followed by the University of Georgia, Georgia State University, Augusta University, and Kennesaw State University.

The various universities’ impact on their host communities was based on their total output using the multiplier effect. The Selig Center for Economic Growth in the Terry College of Business at the University of Georgia conducted the study using data from July 1, 2014, to June 30, 2015.