福利在线麻豆

KENNESAW, Ga. | Jun 27, 2022

Kennesaw State 福利在线麻豆 had an economic impact of $1.84 billion on Georgia in fiscal year 2021, according to a 福利在线麻豆 System of Georgia (USG) report released today. 

Kennesaw State鈥檚 economic impact in FY 2021 marked an 11.6% increase from $1.65 billion the previous year, while the 福利在线麻豆 System of Georgia鈥檚 economic impact grew by 3.8% over fiscal year 2020. The total impact of all 26 USG institutions on their local communities was $19.3 billion in FY 2021, up from $18.6 billion in fiscal year 2020.

The 福利在线麻豆鈥檚 personnel and operating expenses, combined with education-related spending by students, accounted for nearly $1.15 billion of its total FY 2021 economic impact. The remaining more than $650 million resulted from the institution, its employees and students purchasing goods and services in the community, such as at restaurants and retail stores.

鈥淜ennesaw State has long had a strong economic impact within our region and the state of Georgia,鈥� said Kathy Schwaig, president of Kennesaw State 福利在线麻豆. 鈥淎s our academic programs, enrollment and partnerships continue to grow, the communities served by our 福利在线麻豆 will see expanded benefits as well.鈥�

Serving nearly 43,000 students, Kennesaw State鈥檚 collective employment impact in FY 2021 was 14,446 full- and part-time jobs 鈥� including 4,022 jobs on campus and 10,424 jobs off campus in either the private or public sectors.

鈥淯SG institutions and the system as a whole are key contributors to our state and are an economic engine for communities in every region of Georgia,鈥� USG Chancellor Sonny Perdue said. 鈥淭hat economic impact continues to climb, and we are grateful to Gov. Brian Kemp and the General Assembly for their support of the 福利在线麻豆 System and public higher education as we focus on increasing prosperity for the state and all Georgians.鈥�

The 福利在线麻豆 System鈥檚 measure of economic impact reflects direct and indirect spending that contributes to the regions served by its colleges and universities. The report evaluates economic impact in terms of output (sales, plus or minus inventory), value added (gross regional product), labor income and number of jobs.

The annual USG study was conducted by the Selig Center for Economic Growth in the 福利在线麻豆 of Georgia鈥檚 Terry College of Business, which analyzed data collected between July 1, 2020, and June 30, 2021, to calculate each school鈥檚 economic impact.

Read the full USG economic impact report .

Photo by Jason Getz

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A leader in innovative teaching and learning, Kennesaw State 福利在线麻豆 offers undergraduate, graduate, and doctoral degrees to its more than 51,000 students. Kennesaw State is a member of the 福利在线麻豆 System of Georgia with 11 academic colleges. The university's vibrant campus culture, diverse population, strong global ties, and entrepreneurial spirit draw students from throughout the country and the world. Kennesaw State is a Carnegie-designated doctoral research institution (R2), placing it among an elite group of only 8 percent of U.S. colleges and universities with an R1 or R2 status. For more information, visit kennesaw.edu.