Report Cites Athens State University Generating Millions for Area Communities

Report Cites Athens State University Generating Millions for Area Communities

[vc_row][vc_column][vc_column_text]A recently released Athens State University economic impact study shows the institution generates about $89.18 million dollars and 503 jobs each year for the local economy.  The authors believe this report draws attention to the University’s initiatives and highlights its positive economic and non-economic impact on north Alabama.

“Athens State has an enormous impact on the area communities in northern Alabama,” states University President Bob Glenn. “The academic and professional expertise of our faculty supported by an excellent staff makes the University not only a great academic institution, but highlights our University as an engine for business and industry development.   That expertise coupled with our exceptional Colleges of Business, Education, and Arts & Sciences, makes Athens State a vital and integral part of the society of our region.”

Using a conservative financial multiplier of 2.0115, the report authors surmised that an annual return on investment to the local economy by Athens State University is $8.62 for every revenue dollar received.  The dollar figure does not include non-quantifiable aspects such as the aesthetic campus setting, cultural events, and the other instruction and development of the future educators, scientists, managers, and leaders of society.

According to the U.S. Census Bureau, Limestone County is the third fastest growing county in the State of Alabama. Relocating companies and industries utilize a five-point quality of life matrix in making a decision to move to a new area. Education is one of those important indicators, and Athens State has been a keystone in many decisions for such industries to relocate to the local community.

The full economic impact report may be found online at[/vc_column_text][/vc_column][/vc_row]