FRANKFORT, KY – Kentucky State University President M. Christopher Brown II recently announced the findings of an economic impact study conducted by Hanover Research.

According to the findings by Hanover, the broader impact of all spending in the Bluegrass Higher Education Region in 2016 by Kentucky State and its students is approximately $130.7 million. The Bluegrass Region is a 16-county area in Kentucky.

“I think this institution is doing exceptionally good work and we hope to improve those numbers in the future,” said President Brown.

All of Kentucky State’s fiscal year 2016 spending also generated more than $48 million in labor income, supporting the equivalent of 1,037 jobs.

The analysis conducted approaches both on the supply-side and demand-side of Kentucky State’s economic impact to the region.

According to Hanover’s report, the demand-side analysis estimated the dollar-value impact of Kentucky State expenditures on the region, while the supply-side analysis assessed the benefits that Kentucky state provides to its students and the community it serves.

The overall estimated annual demand-side economic impact Kentucky state is nearly $100 million.

“In other words, for every dollar of spending Kentucky State and its students in the Bluegrass Region, there is an additional impact of 83 cents on the local economy or a total impact of $1.83,” according to the Hanover Report. “This spending generates roughly $37.4 million in labor income and supports 890 jobs.”

On the supply-side, the report found Kentucky State provides degree programs closely related to 14 high-growth occupations and enrolls a high proportion of low-income students. Those high-growth occupations are projected to create roughly 7,000 new jobs in the state over the next decade.

The report also found over the last half decade, Kentucky State alumni add an estimated $30 million per year to Kentucky’s economy.

“Kentucky State also has a number of high-profile alumni whose precise economic impact is difficulty to quantify, such as the first female prime minister of Thailand,” according to the report.

Total research and development (R&D) spending at Kentucky State was $16 million in 2017. Kentucky State R&D expenditures have increased faster than any other university in Kentucky, according to the report.

Finally, athletics programming accounts for roughly $4 million per year of added value to the local economy.


ALBANY, GA – Albany State University (ASU) had a $250 million economic impact on the Albany region in 2017, according to a December 2018 study released and commissioned by the University System of Georgia.

According to a press released from the university, the study illustrates ASU’s commitment to empowering the Southwest Georgia region, University officials said. Much of the university’s economic impact is attributed to student spending, personnel services and operating expenses.

“Albany State University is vital to the economic development of the Albany area and the region,” said ASU President Marion Fedrick. “Higher education serves the overall community by promoting knowledge and preparing learners to be skilled professionals. In addition to providing and education, ASU creates and supports employment opportunities and provides services that enrich Southwest Georgia and beyond.”

A breakdown of the dollars showed that the University employed 2,844 people for a total of $109 million in labor income for the region, as described by the Selig Center for Economic Growth at the University of Georgia.

Results of the USG study note the following:

  • $250 million impact on the regional economy; includes employment and direct and indirect spending
  • $158 million in valued added (gross regional product)
  • 822 on-campus jobs and 2,022 off-campus jobs that exist due to institution-related spending

The study reviewed data from July 1, 2016 – June 30, 2017. Area counties included in the study were Dougherty, Lee, Worth, Mitchell, Terrell, Sumter, Tift and Crisp.

The Selig study indicated that the USG’s total economic impact on the state of Georgia fiscal year 2017 was $16.8 billion. The complete economic impact study is available on the USG website.

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About Albany State University

Albany State University, a proud member institution of the University System of Georgia, elevates its community and region by offering a broad array of graduate, baccalaureate, associate, and certificate programs at its main campuses in Albany as well as at strategically-placed branch sites and online. Committed to excellence in teaching and learning, the University prepares students to be effective contributors to a globally diverse society, where knowledge and technology create opportunities for personal and professional success. ASU respects and builds on the historical roots of its institutional predecessors with its commitment to access and a strong liberal arts heritage that respects diversity in all its forms and gives all students the foundation they need to succeed. Through creative scholarship, research, and public service, the University’s faculty, staff, students, and administrators form strategic alliances internally and externally to promote community and economic development, resulting in an improved quality of life for the citizens of southwest Georgia and beyond. For more information, please visit www.asurams.edu.