News Summary
Gordon State College has had a significant economic impact exceeding $125 million in a recent fiscal year, resulting in 942 jobs created in the region. GSC’s operations generated over $78 million in spending, with a remarkable value-added impact surpassing $87 million. This highlights the vital role of higher education in job creation and economic growth within Georgia, as graduates from USG institutions significantly increase their earning potential.
Griffin, Georgia – Gordon State College (GSC) has generated an impressive economic impact exceeding $125 million in the fiscal year 2024, as per a report from the University System of Georgia (USG). The college’s operations and related activities have created 942 jobs within the region, contributing significantly to the local economy.
The initial spending by GSC was reported at over $78 million, indicating the college’s direct influence on economic activity. The overall output impact, which reflects the total value of goods and services generated as a result of GSC’s operations, was estimated at more than $125 million. Additionally, GSC’s value-added impact, which accounts for the additional value created in the economy, surpassed $87 million.
Of the 942 jobs provided, 242 were on-campus positions, while the remaining 700 jobs were found off-campus. Research conducted by economist Dr. Jeffrey M. Humphreys indicated that every job created on the GSC campus supports an additional two jobs in the surrounding community, amplifying the college’s employment impact.
In the broader context of the state economy, the employment effect of institutions within the USG mirrors that of the top five employers across Georgia, highlighting the significant role higher education plays in promoting job creation. The USG Chancellor has emphasized the substantial economic benefits derived from pursuing a degree at one of Georgia’s public colleges and universities, noting that these graduates not only reap financial rewards but also significantly bolster Georgia’s economy.
Individuals who earn credentials through USG institutions, such as bachelor’s degrees, can expect to see a notable increase in lifetime earnings. For example, a bachelor’s degree is associated with more than $1.4 million in enhanced earnings over one’s working life. A companion study has projected that the 73,006 graduates from the Class of 2024 are estimated to achieve a combined lifetime earning potential of over $230 billion.
Moreover, high school graduates who pursue a bachelor’s degree in Georgia are likely to experience an 82% increase in work-life earnings, surpassing the national average growth of 80%. This showcases the positive impact of education on individual economic mobility and the overall economy.
Founded in 1852, Gordon State College is a member of the University System of Georgia, offering nearly 30 degree programs along with various concentrations, pathways, and certification programs. The college caters to over 3,100 students, providing a personalized educational experience within a small college environment equipped with modern classrooms and laboratories.
The institution’s leadership has reiterated its commitment to shaping the future of central Georgia through student success. The emphasis on educational quality and workforce readiness positions GSC as a critical player in not only enhancing individual career prospects but also in fostering sustainable regional economic development.
As the economic landscape evolves, Gordon State College continues to play an essential role in not only preparing graduates for successful careers but also in contributing to the growth and vitality of the regional economy.
Deeper Dive: News & Info About This Topic
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- Griffin Daily News: Gordon State College Moves Central Georgia Forward with $125M Impact
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Author: STAFF HERE AUGUSTA WRITER
AUGUSTA STAFF WRITER The AUGUSTA STAFF WRITER represents the experienced team at HEREAugusta.com, your go-to source for actionable local news and information in Augusta, Richmond County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as Arts in the Heart Festival, Westobou Festival, and Masters Week. Our coverage extends to key organizations like the Augusta Metro Chamber of Commerce and Greater Augusta Arts Council, plus leading businesses in manufacturing and healthcare that power the local economy such as Textron Specialized Vehicles, Cardinal Health, and Nutrien. As part of the broader HERE network, including HEREAtlanta.com and HERESavannah.com, we provide comprehensive, credible insights into Georgia's dynamic landscape.
