Augusta University’s Economic Impact on the State Exceeds $2B
Wednesday, August 28th, 2019
Augusta University is proving to be good medicine for Georgia’s economy.
The university, including Augusta University Health, has contributed $2.39 billion to the state’s economy in the fiscal year 2018, according to a recent report from the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business.
Augusta accounts for more than 21,000 jobs statewide, which help the university rank among the top University System of Georgia institutions with the highest economic impact.
“As we continue our efforts to deliver quality education to our students and provide state-of-the-art services to our patients, we are grateful to know we are adding to Georgia’s economy,” said Dr. Brooks Keel, president of Augusta University. “From our academic initiatives to our health care programs, Augusta University hopes to continue being a key player in generating jobs and revenue for Georgia.”
Part of the contributions from Augusta University can be attributed to the economic activity at its clinical campus sites around the state, accounting for $2.61 million of revenue in Albany, $3.37 million in Savannah and $2 million in Rome. The institutions also brought a total of 72 jobs to these cities.
“We have some of the most gifted health care workers and our main goal is to meet the needs of our patients and families,” said Katrina Keefer, executive vice president for health affairs at Augusta University and chief executive officer for Augusta University Health System. “As we continue to expand our health care initiatives, we hope to continue adding to the economic well-being of our community and state by providing high-quality care to our patients and market-driven compensation to our employees.”
Overall, the economic impact for all 26 USG institutions totaled nearly $17.7 billion in the state’s economic activity and the employment impact included more than 168,000 full- and part-time jobs.