"Much of a university is more than teachers and students in classrooms. A fine university is a complex organization with research, patient care and many forms of community service," said President Bill Chace. "Good cities are made more prosperous and vital by the presence of a good university."
In addition to Emory's 13,750 jobs (FTE), building projects at Emory provided for another 2,150 construction-related jobs during fiscal year 1994. Based on U.S. Department of Commerce employment multipliers, economic activity at Emory supported another 23,800 jobs throughout the Atlanta area. As a result, nearly 40,000 jobs in Atlanta were either directly or indirectly leveraged by the University.
Since 1989, Emory's impact has grown 33 percent from $1.824 billion to $2.421 billion.
The Emory study was conducted by Hammer, Siler, George Associates, an Atlanta-based economic and development consulting firm with data from Emory, the Atlanta Convention and Visitors Bureau, and the U.S. Department of Commerce. The Emory data consists of expenditures and employment by all academic units of the University; the Emory System of Health Care consisting of Emory Hospital, the Emory Clinic and Crawford Long Hospital; and The Carter Center.
-- Jan GleasonMetro Atlanta Expenditures
(in millions)
Student Expenditures[2] $56.3 $47.3 $103.6
Visitor Expenditures[3] $41.0 $41.0 $82.0
Retiree Expenditures[4] $11.9 $10.5 $22.3
Construction Expenditures $96.8 $121.0 $217.9
Total Expenditures $1,116.7 $1,304.9 $2,421.6
1. Includes Emory Hospital, Crawford Long Hospital, The Emory Clinic and The Carter Center.
2. Based on 9,024 students enrolled at Emory.
3. Based on 187,000 overnight campus visitors.
4. Based on approximately 575 Emory retirees living in metro Atlanta.Emory's total economic impact estimated at $2.4 billionEmory's total economic impact estimated at $2.4 billion