ATC’s economic impact: $118M
Dr. Daniel, Rev. Keeler
Dr. Andrea Daniel told the Elberton Rotary Club last week that Athens Technical College is often called the best-kept secret in Northeast Georgia.
“We are called best-kept secret, but we don’t want to be a secret,” said Daniel, who used the local Rotary Club meeting to unveil an economic impact study that reveals the college added $118 million in one year to the surrounding communities, including Elbert County, which as an Athens Technical College campus.
The study, conducted by EMSI, one of the nation’s leading providers of economic impact studies and labor market data, was commissioned to provide information for the fiscal year 2016-2017.
According to Daniel the study examined Athens Tech’s economic impact through its students, employees and alumni for that one-year time frame.
Athens Tech’s reach, according to the study, includes Clarke, Elbert, Greene, Hart, Madison, Morgan, Oconee, Oglethorpe, Taliaferro, Walton and Wilkes counties in Georgia.
The economic impact analysis examined the college’s operations spending, student spending and the impact of alumni who have remained in the college’s service area, purchasing goods and services. The combined total impact of $118 million includes $25.8 million in operations spending, $6.6 million in student spending and $85.6 million generated by alumni working in the region.
According to the study, the top industries impacted by Athens Tech are health care and social assistance ($15.8 million), manufacturing ($10.6 million), government ($9.7 million - not including education), business ($8.1 million - not including public administration) and accommodation and food services ($7.7 million).
EMSI also said in its study that:
• For every one dollar invested in Athens Tech by students, the college returns $5.60 in additional lifetime earnings.
• For every one dollar invested in Athens Tech by taxpayers, the college returns $5.90 to government coffers.
• For every one dollar invested in Athens Tech by society, the college returns $16.90 in added state revenue and social savings reductions for government-funded services in Georgia.
“Athens Tech has invested in this community for over half a century,” Daniel said. “Though we have known and felt the impact generated by the college, it is great to see the supporting data.”