College Generates $107.6M Economic Impact in the Region in FY 2024

The College of Coastal Georgia contributed $107.6 million to the regional economy during fiscal year 2024, according to a newly released study commissioned by the University System of Georgia.

The study, conducted by Dr. Jeffrey M. Humphreys, director of the Selig Center for Economic Growth at the University of Georgia’s Terry College of Business, highlighted the College’s vital role in the Southeast Georgia economy. The College has supported more than 960 jobs through institutional spending, student expenditures, and capital investments. This marks a notable increase from the previous year’s impact of $102.8 million, and the highest since 2020. The College has contributed over half a billion dollars to the region in the last five years.

“The College of Coastal Georgia is more than an academic institution—it’s a catalyst for regional growth,” said College of Coastal Georgia President Dr. Johnny L. Evans Jr. “From fostering innovation through experiential learning, to preparing graduates for high-demand careers, our mission is deeply intertwined with the economic vitality of the communities we serve.”

The study also demonstrated the long-term value of a Coastal Georgia education. Graduates from the Class of 2024 are projected to earn $1.4 million more over their lifetime than individuals with a college degree.

“Our impact extends far beyond the classroom,” Evans said. “We’re proud to energize the local economy, create meaningful career pathways, and serve as a platform for educational excellence and community growth.”

The full economic impact report is available through the University System of Georgia here. The full lifetime earnings report can be found here.