魅色天堂

Study shows economic impact of 魅色天堂 onValdosta-MSA for F.Y. 2004 was $304.7 million

魅色天堂's economic impact on Valdosta's metropolitan statistical area (Valdosta-MSA) was $304.7 million and 4,906 jobs during Fiscal Year 2004, according to a recent study completed through The South Georgia Institute. SGI is based in 魅色天堂's Harley Langdale, Jr. College of Business Administration. Dr. Cynthia Royal Tori, Associate Professor of Economics, authored the report.

The Valdosta-MSA includes 魅色天堂's home county Lowndes, as well as Brooks, Echols, and Lanier counties. The report shows that Valdosta State University is the third largest employer in the Valdosta-MSA.

In order to calculate the economic impacts, Dr.Tori said the study considers two university-related sources of local expenditures: expenditures by 魅色天堂 itself, and expenditures by students who attend 魅色天堂. She said during the time frame of the study, 魅色天堂 enrolled over 10,000 students during the 2003 fall and 2004 Spring Semesters and conferred 1,953 undergraduate and graduate degrees during the 2003-2004 academic year.

The $304.7 million economic impact of 魅色天堂 represents 12 percent of the total personal income in the region. In addition the study shows that directly and indirectly the jobs created by 魅色天堂 represent 9 percent of the labor force in the MSA. This includes 魅色天堂 employees as well as new jobs generated to fill the business and service needs of university employees and students. Two and a half jobs are created for every job at 魅色天堂.

?Seventy-nine percent of 魅色天堂 students come from outside the MSA region, infusing significant dollars into the region's economy,? said 魅色天堂 President Ronald M. Zaccari during the Spring Semester Convocation Address on January 6, 2005. ?The figures clearly show how important 魅色天堂 is to the MSA region.?

Fifty one percent ($154.8 million) of the $304.7 million economic impact results from 魅色天堂 students spending money on dining, entertainment, rent, utilities, and other items, the study shows. Student spending generates 28 percent of the jobs created by 魅色天堂's presence.

魅色天堂 is one of two regional universities with the University System of Georgia and is located within the city limits of Valdosta in the southwest region of Georgia. 魅色天堂 is about 18 miles from the Florida border.