www.YouTube.com/@GoodMorningGeorgiaToday-**Albany State University: A Pillar of Economic Growth in Southwest Georgia**
Albany State University (ASU) continues to play a crucial role in driving economic growth in Albany, GA, and the surrounding Southwest region, as highlighted in the University System of Georgia’s 2023 Economic Impact Study. During the Fiscal Year 2023, ASU contributed an impressive $266 million to the local economy, marking a 2.5% increase over the previous year. This growth underscores ASU’s unwavering commitment to the region’s prosperity.
ASU’s impact goes beyond financial contributions, significantly boosting local employment. The study reports an increase in jobs associated with the university, rising from 2,278 to 2,517 positions, encompassing both on-campus and off-campus roles. This expansion reflects ASU’s integral role in supporting local businesses and services, further enhancing the community’s economic health.
ASU President Dr. Lawrence Drake emphasized the university’s vital partnership with the Southwest Georgia region, stating, "Our efforts in education and service are key to strengthening the economy, benefiting commerce throughout the region and the state."
Moreover, the recent USG Lifetime Earnings Report highlights the financial success of ASU graduates. The 2023 graduates are projected to generate $3.8 billion in lifetime earnings, with $1.1 billion directly tied to their ASU degrees. This data underscores the profound impact of ASU’s educational programs, preparing students for successful careers and contributing significantly to the state’s economy.
