Georgia Tech’s Record-Setting $5.8B Economic Impact Leads USG

With a record-setting $5.8 billion economic impact, Georgia Tech led all Georgia public institutions in fiscal year 2024, according to the latest data released by the University System of Georgia (USG).  

Tech’s contribution, a 9.9% increase from its fiscal year 2023 output, represents 25% of the $23.1 billion in total impact created by the 26 USG institutions. The data, compiled by the Selig Center for Economic Growth in the University of Georgia’s Terry College of Business, showcases Georgia Tech’s value to the state as well as the value of the degrees conferred by USG institutions. On average, 2024 Tech graduates can expect to earn over $1.4 million more than they would without a college degree.  

“We are proud to deliver an extraordinary return on the resources entrusted to us by the people of our state,” said Ángel Cabrera, president of Georgia Tech. “Every dollar invested in Georgia Tech fuels the development of our nation’s finest talent, research, and innovation, driving economic growth and strengthening communities across our state. This is the power of a public university that strives to grow its impact year after year.” 

Georgia Tech conferred 12,202 degrees in fiscal year 2024, with the graduating class expected to accumulate more than $44.5 billion throughout their careers. The Institute has maintained its position as The Princeton Review’s best public value college for three consecutive years, largely due to the return on investment it offers students.  

In total, the 73,006 USG graduates from the Class of 2024 are estimated to earn a combined total of $230 billion  — $73 billion more than they could expect to earn had they not finished college or graduate school.  

In addition to overall economic impact, Georgia Tech leads all USG institutions in job creation. For fiscal year 2024, Tech generated a total of 36,705 jobs, including 11,634 on campus and 25,071 jobs related to Institute spending.  

Read the full USG report.