UGA’s Economic Impact
January 26, 2016
by Jere W. Morehead, President
The University of Georgia is a statewide leader in economic development. With a $4.4 billion impact on the state of Georgia, this institution plays a critical role in supporting businesses, introducing new technology into the marketplace, and educating our workforce.
For example, in the last decade, UGA’s Small Business Development Center, which has 17 offices across the state, helped nearly 3,400 entrepreneurs to start businesses and create more than 20,000 new jobs.
UGA research has led to more than 575 new products in the marketplace. In addition, 137 companies have been created from UGA research. The University’s research enterprise overall generates nearly $2 in economic impact for every $1 of federal and foundation research funding it receives.
Recently, UGA’s Carl Vinson Institute of Government launched the Georgia Certified Economic Developer program, a new certificate program that provides professionals with three years of training in an area central to the vitality of our communities. For the first time in Georgia’s history, economic development professionals will be able to stay in their home state to gain these important skills.
In addition to the University’s research and service functions, our alumni are an important force in Georgia’s economic growth. Sixty-two percent of UGA graduates remain in the state. They start businesses, invest in communities, and lead other efforts to strengthen the economy.
Highlights of the University of Georgia’s economic impact around the state can be seen here.